December 2009 Home Sales Tax Credit Ends
After a rising surge from September through November, existing-home sales fell as expected in December after first-time buyers rushed to complete sales before the original November deadline for the tax credit. However, prices rose from December 2008 and annual sales improved in 2009, according to the National Association of Realtors®.
"December 2009 Home Sales Tax Credit Ends"
Hipotecas Prestamos 03:12 PM | The Real Estate Market
Strong First Time Homebuyers Home Ownership
Despite today’s challenging economy, demand for home ownership remains strong and first time buyers make up a significant segment of all potential buyers. Nearly ten percent (9.8%) of consumers say they plan to buy a home in the next two years, with 5.4 percent planning to purchase in the next 12 months. Of those planning to purchase a home in the near future, nearly half (48.3%) are first time buyers, with women (52.8%) slightly more interested in entering the housing market than men (44.1%).
"Strong First Time Homebuyers Home Ownership"
Hipotecas Prestamos 10:50 AM | The Real Estate Market
Todays Housing Market Real Estate Investors
According to the Move.com survey, one out of eight (12.1%) homebuyers today plan to purchase a home as an investment property, compared to 5.6 percent seven months ago(1). Of those interested in buying a home for investment, 15.8 percent were men and 8.1 percent were women.
"Todays Housing Market Real Estate Investors"
Hipotecas Prestamos 10:47 AM | The Real Estate Market
Video Camera Tips for Real Estate Agents
"Video Camera Tips for Real Estate Agents"
Hipotecas Prestamos 10:05 AM | The Real Estate Market
Home Values Higher than Mortgage Debts
The percentage of U.S. homeowners with mortgage debt that exceeds the value of their home declined slightly from the second to third quarters, in part because home prices are stabilizing but also because many homeowners who had been underwater lost their homes to foreclosure, Zillow.com reported today.
An analysis of public records collected for the Zillow Real Estate Market Reports suggests that 21 percent of homes with mortgages were underwater at the end of September, down from 23 percent at the end of June, Zillow said.
An index measuring home values in 156 metropolitan statistical areas (MSAs) tracked by Zillow was relatively flat, declining 0.4 percent from the second quarter to the third. Looking back a year, the index showed the median value of single-family homes, condominiums and cooperatives in those markets falling 6.9 percent, to $190,400.
"Home Values Higher than Mortgage Debts"
Hipotecas Prestamos 09:57 AM | The Real Estate Market
Commercial Real Estate FDIC Report Loans
On October 30th, the Federal Deposit Insurance Corporation issued updated guidelines stating how banks must deal with troubled commercial real estate loans. In its policy statement, the FDIC recognizes the challenges that borrowers are experiencing, such as "diminished operating cash flows, depreciated collateral values, or prolonged delays in selling or renting commercial properties." It also acknowledges the difficulties businesses have to obtain credit.
"Commercial Real Estate FDIC Report Loans"
Hipotecas Prestamos 08:45 PM | The Real Estate Market
US Bank Regulators Commercial Real Estate Warnings
US Bank Regulators Commercial Real Estate Earnings Warning = U.S regulators on Friday encouraged banks to modify troubled commercial real estate loans, which are seen as a looming danger spot for the banking industry. The regulators issued guidance to financial institutions and said "prudent" loan workouts are often in the best interest of both the borrower and the bank itself.
"US Bank Regulators Commercial Real Estate Warnings"
Hipotecas Prestamos 08:39 PM | The Real Estate Market
New Fed Guides Commercial Real Estate Mod Loans
Banks must accurately identify their potential losses when modifying troubled commercial real estate loans under federal guidelines issued Friday. Regulators have warned that rising losses on commercial real estate loans pose risks for U.S. banks, with small and mid-size banks especially vulnerable. Nearly $500 billion in commercial real estate loans are expected to come due annually over the next few years.
"New Fed Guides Commercial Real Estate Mod Loans"
Hipotecas Prestamos 08:34 PM | The Real Estate Market
Foreclosure Loan Real Estate Lenders
With the large number of real-estate-owned homes overwhelming most mortgage lenders and driving many others out of business, it’s curious that some are making stringent demands on how foreclosed homes are financed.
"Foreclosure Loan Real Estate Lenders"
Hipotecas Prestamos 08:29 PM | The Real Estate Market
The Commercial Real Estate Problems for 2010
America's commercial real estate market continues to look sick. The latest indication comes Sunday, following the abrupt bankruptcy filing of Capmark Financial Group, the massive commercial real estate financier that formed in 2006 when GMAC agreed to sell the majority of its commercial real estate business to Kohlberg Kravis Roberts and others.
"The Commercial Real Estate Problems for 2010"
Hipotecas Prestamos 08:25 PM | The Real Estate Market
New Home Sales September 2009 Tax Credits
New home sales fall a surprising 3.6%. September new US home sales post surprise drop as benefit of first-time buyer tax credit wanes. Sales of new U.S. homes dropped unexpectedly last month as the effects of a temporary tax credit for first-time owners started to wane.
The Commerce Department said Wednesday that sales fell 3.6 percent to a seasonally adjusted annual rate of 402,000 from a downwardly revised 417,000 in August. Economists surveyed by Thomson Reuters had expected a pace of 440,000.
"New Home Sales September 2009 Tax Credits"
Hipotecas Prestamos 11:26 AM | The Real Estate Market
