[facebook] [retweet] More than 254K properties regained equity New analysis shows 254,000 properties regained equity in the first quarter of 2015, bringing the total number of mortgaged residential properties with equity at the end of Q1 2015 to approximately 44.9 million, or 90% of all mortgaged properties, CoreLogic (CLGX) reports. Nationwide, borrower equity increased year…
[facebook] [retweet] The debt cycle goes psychological. A recent post from Liberty Street Economics, the blog from the Federal Reserve Bank of New York, gave the public finance perspective on student loan debt. As you all may be aware, the current administration is looking at ways to help college students receive a greater proportion of…
[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] 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] [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…
I received a great question from Charles, one of our guild members, a few days ago…and I thought it was the perfect choice for this month’s “Ask the P.I.G.” video. Charles wanted to know what is the best way to find real estate “hot spots”, or the highly desirable neighborhoods in your…
[facebook] [retweet] I admit that I am not an expert at a lot of things. Rather than being a jack-of-all-trades and a master of none, I decided long ago to be a master of a few things, while remaining downright awful at pretty much everything else. Some of my shortcomings include singing, dancing, drawing, or…
I can still remember the first time I heard that little sales axiom. I was working as the V.P. of Operations for a fledgling internet start-up in my early 20’s, and our buyer/graphic designer (yes, employees of cash-strapped dot-com’s had to pull double duty) was on the phone with a supplier out of New York…