[facebook] [retweet] Both the delinquency rate and the foreclosure inventory rate in Q4 2014 for residential mortgage loans fell to their lowest levels since 2007, according to the Mortgage Bankers Association’s National Delinquency Survey released Wednesday. The delinquency rate, which includes loans that are at least one payment past due but not loans in foreclosure,…
[facebook] [retweet] QUESTION: Can you find deals to flip on the Multiple Listing Service (MLS)? The simple answer to this question, one that I receive all the time, is NO, you can’t find deals to flip on the MLS. Whenever I post something on my website or Facebook about the lack of deals on the…
[facebook] [retweet] House prices and rental prices are about to switch roles after three years of soaring home prices and tepid growth in rental prices, a new Capital Economics report said. Over the next few years, Capital Economics predicts that rents are likely to rise at an annual average rate of 5% or more, while…
[facebook] [retweet] The year 2015 is gearing up to be a stronger, more expensive housing market powered for the first time by new millennial buyers, according to the Realtor.com 2015 Housing Forecast. Among its five largest predictions for next year, Realtor.com expects first-time buyers will return to the market in full force after years of retrenchment…
[facebook][retweet] Most forecasts didn’t foresee oil’s plunge An examination of break-even inflation rates suggests sharply lower oil prices are a key driver of the 90 basis points rally in 10-year Treasurys and the 60 basis points drop in mortgage rates in 2014, according to analysts at BofA Merrill Lynch. Most real estate economists are forecasting…
[facebook] [retweet] James, one of our subscribers, recently posted the following question on our website: “Would it be better to purchase homes from distressed sellers, or to buy foreclosures?” As always, an excellent and insightful question, which is why I chose to answer it as a part of this month’s “ASK the P.I.G.” series. This…
[facebook][retweet] All-cash buyers and institutional investors were able to purchase residential homes at a larger discount rate from the average market value at the time of purchase than the average rate for all U.S. homebuyers in the third quarter, according to RealtyTrac’s U.S. Institutional Investors & Cash Sales Report for Q3 2014. RealtyTrac reported that…
[facebook][retweet] The median price of distressed residential properties, which are those that are either in the foreclosure process or owned by a bank, jumped up by 18 percent year-over-year in October, according to RealtyTrac’s October 2014 Residential and Foreclosure Sales Report. The price of non-distressed homes increased at the slower rate of 11 percent during the same…
[facebook] [twitter] Maryland may have overtaken Florida for the nation’s highest foreclosure rate of any state in October, but Florida still led all states by far in bank repossessions (REOs) for the month, according to RealtyTrac’s October 2014 U.S. Foreclosure Market Report released Thursday. In all, lenders repossessed 4,905 properties in the Sunshine State in…
[facebook][retweet] Distressed residential properties had a median sales price of 37 percent below the median sales price of non-distressed properties nationwide in September, according to Realty Trac’s Q3 2014 Residential and Foreclosure Sales Report released Tuesday. The median price of distressed residential homes, which are those in foreclosure or owned by banks when sold, was…