Short Sale Search HereDaily Real Estate News | Friday, August 26, 2011
Banks are agreeing to more short sale transactions, and short sales are taking less time to sell, which is helping to clear large inventories of distressed properties more efficiently, says James J. Saccacio, RealtyTrac CEO, in releasing new housing data this week.
“This is a glimmer of hope that lenders are getting more realistic,” Rick Sharga, senior vice president of RealtyTrac, told Bloomberg News. “It’s a win for borrowers who avoid foreclosure, buyers who get a house in better condition and banks that lose less money, which is also a win for taxpayers.”
During the second quarter, the number of homes nearing foreclosure accounted for 12 percent of total home…
Southern California’s real estate market remained geared towards home buyer's in the month of August, despite relatively strong demand from investors and others paying cash for homes. Prices have trended down slightly over the last couple of month, but many potential home buyers appear to still be on the sidelines and may still be waiting for a bottom in prices or a relaxing of the mortgage guidelines to allow more people to qualify for homes.
As of August 26th, 2011, the median price for a single family residential home in Carlsbad fell to $699,900, with an average of 131 active days on the Carlsbad real estate market. In addition, there were 51% of the active MLS listings that had price reductions, just slightly less than last week,…
Yesterday, a recent losing streak for loan pricing boiled over and Mortgage Rates rose across the board. Today offered a slight reprieve to yesterday's losses, but only in terms of improved borrowing costs. BestExecution rates were unchanged.
Our ongoing guidance recently has been to take advantage of recent rate offerings as soon as possible, noting that "the frustration of missing out on "high 3's" and instead getting "low 4's" seems nowhere near as bad as the frustration of missing out on a refi opportunity (moving from 5% to 4.25% for instance) altogether."
CURRENT MARKET*: The Best Execution 30-year fixed mortgage rate is now 4.25% to 4.375% depending on your lender/scenario. Several lenders are still willing to offer lower rates,…
Daily Real Estate News | Thursday, August 25, 2011
Foreclosures made up about one-third of all home sales during the spring quarter (April to June), and sales were about six times the percentage of foreclosures in a healthy housing market, RealtyTrac Inc. reports.
Foreclosure sales likely would have been much higher too if so many banks hadn’t slowed their foreclosure processes while state and federal officials continued to investigate possible faulty practices. Foreclosure sales — which include homes purchased after they receive a notice of default or that were repossessed by lenders — peaked two years ago at 37.4 percent of sales, compared to 31 percent in the April to June quarter.
During the second quarter, 265,087 homes sold were in…
"abellahomes" has done it again!
We have been named a 2011 FIVE STAR Real Estate Agent for 4 years in a row!
Stan & I will appear in the December issue of Seattle Magazine and we will be featured in the 2011 FIVE STAR Real Estate Agent Special Section.
Thank you for believing in us! We couldn't have achieved this without you & appreciate your continued support over the years! This is truly a great honor!!!
This really means so much to us!!!
Marisa & Stan
Priced at $694,000
Bedrooms: 4 Bathrooms: 2.75
Home Size: 3,560 sq.ft. Garage: 1
Lot Size: 34,013 sq.ft. Community: Canterwood
County: King Property Type: Single Family Detached
Year Built: 1989
Meticulous estate setting with perfect floor plan! Privately set back on a stunning .78 ac, this 4 bedroom, den, bonus home easily lives like a 5 bed (main floor bed and bath)! Unmatched heart of the home: gorgeous granite island-kitchen, HUGE eating area with super custom built-in buffet opens to soaring ceiling family room. Quality custom built-ins in laundry/mudroom and family room for superior storage! Entertainment deck, hot tub, BIG bonus room, AC, newer 50-yr roof, stellar Northshore schools!
Sales Dropped 3.5% Last MonthBy Blake Ellis
POSTED: Thursday, August 18, 2011 UPDATED: 10:56 am EDT August 18, 2011
REAL ESTATE NEWS HERENEW YORK (CNNMoney) -- Sales of existing homes fell unexpectedly in July, as strict lending and low appraisals prevented consumers from scooping up some of the cheapest houses since 1970.
Sales of previously owned homes tumbled 3.5% last month to an annual rate of 4.67 million, down from 4.84 million in June, according to the National Association of Realtors.
Economists had expected July sales to come in at a much higher rate of 4.87 million homes, according to consensus estimates from Briefing.com.
From the same month a year ago, sales are up 21%. Meanwhile, the national median home price in July…
CNN Money Magazine has issued their annual ratings of the "best places to live." Sammamish has once again finished high in the "small town" category. Sammamish has made the list in previous years.
2011 15thIt wasn’t long ago when Sammamish was incorporated, on August 31, 1999. I’m a proud resident of Sammamish. It’s no surprise to Sammamish residents that this is a wonderful growing & thriving city. We have grown over 10k in the last decade according to the US Census, reported by Sammamish Review. Sammamish had recently celebrated “Sammamish Days” celebrating the diversity of many cultures. Both school districts that serve Sammamish (Lake Washington School District & Issaquah School District)…
Come celebrate many diverse cultures found in Sammamish!
Date: August 13th
Time: 10 a.m. - 3 p.m.
Location: City Hall Plaza (Sammamish Commons)
Today’s festivities are:
2 Stages of Entertainment (Main Stage Pavilion Performers & Library Performers)
Story telling amphitheatre
Food from around the world
Learn different dance styles
Ethnic arts and crafts for sale
Food, crafts and entertainment from all over the world,etc...
All ages are welcome. More information; http://www.ci.sammamish.wa.us/events/SammamishDays.aspx