Freddie Mac’s New Short Sale Process ‘Beginning to Take Hold’

by davesingery January 25, 2013 Latest News

Freddie Mac’s Standard Short Sale program has been in effect for close to three months, and the GSE continues to work to publicize the program and inform borrowers of their options, most recently in a blog post Tuesday on Freddie Mac’s website. “Early results indicate that this program is beginning to take hold with homeowners […]

Read the full article →

FHFA: Monthly, Yearly Price Gains Continue into November

by davesingery January 25, 2013 Latest News

Consistent with most industry indices, the Federal Housing Finance Agency (FHFA) reported continued gains in its most recent House Price Index. The current index is 15.2 percent lower than the national peak reached in April 2007. On a seasonally adjusted basis, prices increased 0.6 percent from October to November. This rate matches the previous month’s […]

Read the full article →

LPS: Foreclosure Inventory, Delinquency Rates Decrease from Year Ago

by davesingery January 24, 2013 Latest News

Lender Processing Services (LPS) offered preliminary data on mortgage performance in December, revealing foreclosure inventory and delinquency rates were both down year-over-year. The foreclosure pre-sale inventory rate fell to 3.4 percent in December. The figure represents a 2 percent decrease from November and an 18 percent drop from December 2011. The delinquency rate, or loans […]

Read the full article →

Existing-Home Sales Dip in December; Inventory Falls to 11-Year Low

by davesingery January 23, 2013 Latest News

Existing-home sales fell 1.0 percent in December to a seasonally adjusted annual rate of 4.94 million, and November sales were revised downward, slipping below 5 million, the National Association of Realtors (NAR) reported Tuesday. Economists had expected the sales pace to improve to 5.1 million from November’s originally reported 5.04 million. The median price of […]

Read the full article →

Home Values See Largest Annual Gain Since 2006

by davesingery January 23, 2013 Latest News

U.S. home values in 2012 rose 5.9 percent over 2011, according to data in Zillow’s latest Home Value Index (HVI). The 5.9 percent appreciation rate is the largest annual gain since August 2006, near the peak of the housing bubble. While the market still has some ground to cover before it’s completely healthy again, Zillow […]

Read the full article →

RE/MAX Co-Founder Offers Top 10 Predictions for 2013

by davesingery January 21, 2013 Latest News

RE/MAX co-founder and chairman Dave Liniger says he expects the national housing market’s rebound in 2012 to not only continue into 2013, but he also thinks the year could be the best the industry has seen in a very long time. And, as the market heals, it’s not just one factor that is restoring the […]

Read the full article →

Analytics Firm Expresses Skepticism Toward Home Price Recovery

by davesingery January 21, 2013 Latest News

As home prices continue to increase, spectators and analysts have concluded the housing market is now in recovery mode. But, one analytics firm has remained unconvinced and expects to see a trend where prices rise and fall periodically as investor demand waxes and wanes. “Some commentators suggest that investor-driven home price appreciation could spur demand […]

Read the full article →

How to win a bidding war on a house

by davesingery January 21, 2013 Latest News

The bidding war is back. While not every local real estate market is experiencing bidding wars, some home buyers find themselves competing for houses because there aren’t many for sale in their neighborhood. For example, in Phoenix, it would take just 2.3 months to sell all the homes currently on the market, says Susan Paul, […]

Read the full article →

Mortgage rate dips slightly

by davesingery January 21, 2013 Latest News

What’s happening with mortgage rates? We’ve asked Jeff Lazerson, of Mortgage Grader in Laguna Niguel, to give us his weekly take … RATE NEWS SUMMARY From Freddie Mac’s weekly survey the 30-year fixed rate dropped to 3.38 percent and .7 points from last week’s 3.40 percent and .7 point. The 15-year fixed remained unchanged from […]

Read the full article →

For 2013, 13 less-than-obvious keys to real estate

by davesingery January 21, 2013 Latest News

We all know the obvious real estate benchmarks – and most have been moving in positive directions in recent months. But to be smarter about the market in 2013, we asked some business leaders around Orange County for what not-so-obvious indicators they’ll be watching to see what’s next for the economy and real estate is […]

Read the full article →