SOURCE WASHINGTON (Reuters) – The relentless decline in home prices is nearing an end and prices should rise for the first time in seven years in 2013, but a possible new wave of foreclosures could threaten the recovery, according a Reuters poll of economists. The median forecast of 24 economists polled by Reuters was for [...]
SOURCE Real estate agents use comparable sales or “comps” (properties recently sold in the area) to see what the market bears for a listing price or value range marketing. But what makes a home a good comp? A few things must line up in order for the agent to utilize the comp to justify your [...]
If your New Year’s resolutions include buying a house or refinancing, the Federal Reserve has you covered. It has committed to keep long-term interest rates low through next year, so a 30-year mortgage will be pegged about where it is now — 4.32 percent in New York — at least through spring, said Frank E. [...]
WITH interest rates at historic lows, the expansion of a federal refinancing program could help more homeowners who owe more than their property is worth move out of higher-rate or adjustable loans into something more affordable and stable. The biggest change to the plan, called the Home Affordable Refinance Program, or HARP, raises the debt [...]
Source Has your lawn grown up around that “For Sale” sign? Have the wasps moved into the lock box on your front door? Did you just receive an invitation to your real estate agent’s retirement party? If so, chances are your home sale fizzled. Here are the six most-common reasons why homes don’t sell and [...]
Source House appraisals have been and are increasingly becoming a big issue and a problem. But I thought this article was insigtful and worth the read. If you have any questions don’t hesitate to give me a call and if you ar looking for sound advice on buying or selling a home in this difficult [...]
Buying a home in today’s market could be a wise choice. With homes going into foreclosure and banks working out short sales to get homes sold quickly, finding a home at a great price in today’s market isn’t too difficult. With hundreds of homes for sale, any buyer is sure to find a home that [...]
Selling your home can be a daunting task even for the savviest home seller. When selling your home in times like these it’s important to get the correct information. If your home is overpriced, a buyer may look elsewhere and purchase something that looks like a “better deal” to them. If your home is under [...]
