Lawrence Yun, chief economist for the National Association of REALTORS® (NAR) says that home sales are “stuck” this spring due to the limited number of homes available to buy. Though the spring market usually brings a larger supply of homes to market, this year does not reflect that common pattern. The current supply of homes [...]
Posts Tagged ‘current housing market’
Shorewest Reports: US Banks Pay $8.5 Billion to End Foreclosure Reviews
The U.S. government currently mandates a case-by-case review of housing crisis foreclosures. Because of the large amounts of homes in foreclosure during the recession, it could take months or even years of waiting for courts to process the paperwork. On Monday, January 7, however, a group of 10 mortgage servicers agreed to pay a total [...]
Should You Do A Short Sale in 2012?
Many homeowners are “under water,” meaning they owe more on their mortgage than their house is currently valued at. Some homeowners are choosing to wait for property values to return to normal levels, but others cannot wait for that to happen. They need to move for various reasons, or they simply cannot afford their mortgage [...]
A Word of Caution
Difficult times cause some people to take drastic action without thinking. If you are in the midst of a very tough real estate scenario, I want to encourage you to think before you act. I am referring to a sale of a home where the seller, due to some very difficult circumstances, found himself in [...]
What about the Wall Paper?
We see houses with wallpaper every day. Sometimes it is as simple as a border in a room, and other times it is the whole house. Does having wallpaper hurt your chances of receiving an offer? Couldn’t the Buyer just write a contingency into their offer asking the Seller to remove it? Or better yet, [...]