The general consensus is that foreclosures will soon pick up again, as lenders look to start getting through the huge backlog of troubled loans they have amassed over the last year and a half. This expectation has led to a number of analysts wondering what the impact on overall home prices will be. [...more]
Prime property in London, England has hit a record high. The average asking price of homes in Kensington and Chelsea has hit an average of £2 million due to wealthy buyers from India, China, and Russia. These foreign investors are still targeting London's real estate due to Britain's transparent legal system and its reputation as a safe haven. [...more]
Social media has become an essential and lucrative marketing tool for real estate agents across the entire world. Millions of people have Facebook, Twitter, and dozens of other social media accounts and using these platforms to find and research information has revolutionized the way real estate businesses operate. [...more]
Following a recent settlement with the state attorneys general, new short sale requirements are to be adopted by the largest five mortgage servicers in the US, in the expectation that these will speed up what has become quite a lengthy process. [...more]
Realty Trac has released their foreclosure report for February 2012. While there are some spots of encouragement, the over all consensus is that foreclosure activity is again trending upward, now that the "robo-signing" scandal has been settled. [...more]
With the spring house hunting season just around the corner, BMO Bank of Montréal and The Canadian Real Estate Association are recommending house hunters plan ahead. One of the first things to sort out is a mortgage, and a BMO mortgage specialist can visit you at work or home to help guide you through the [...] [...more]
President Obama’s newest plan unveiled to ease some of the burden on homeowners seems like a two-sided coin. Still, there are benefits to as many as two to three million current mortgage holders. [...more]
According to figures just released by the Canadian Real Estate Association (CREA), the average selling price of Canadian real estate increased slightly in February compared to a year earlier. The average price of a home sold in Canada last month was $372,763, which is 2% more than February 2011. The number of real estate sales [...] [...more]
The housing market is nearing bottom, but getting there remains dicey. Home sales are steady, more sellers are lowering their prices and the inventory of homes for sale is dropping. [...more]
Created by congress during the great depression to help spur the housing market, FHA has become one of the most important institutions ever created to help fund mortgages for home buyers, especially for home buyers who want a home but have very little money to put down. [...more]
