Keyword: Real Estate News
Banks’ brilliant idea to give cash incentives to short sale
The housing crash Now that some of the causes and effects of the housing crash are becoming universally agreed upon and banks are ordered to pay billions in civil lawsuits and settlements for illegal foreclosures, the big banks are struggling to regain their composure after overlooking simple fixes like not continuing robo-signing documents illegally without human review before kicking people ...
Lovely rental search expanding across the nation
Simplified search going national Last fall, AGBeat introduced you to Lovely, the San Francisco rental search startup with big plans and were named two short months later to the 60 Genius Brands to watch in 2012 list, and so far they have not disappointed, today secretly adding to their websites the names of the five cities they are about to ...
Mortgage settlement deal remains stalled, deadline passes
The deadline has passed – no deal At the end of business today, the deadline came and went for the $25 billion civil settlement between the states Attorneys General and major lenders as punishment for bank misdeeds leading up to the housing crash. The original deadline to agree on the settlement terms was originally last Friday, but was pushed back ...
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Windermere nabs talent from Realogy Corporation
Windermere’s strategic hire Today, Geoff Wood, CEO of Windermere Real Estate announced that Scott Mitchelson, formerly Vice President of National Franchise Sales at Realogy Corporation, has joined Windermere as the company’s new Senior Vice President of Business Development. While it is not uncommon in the real estate industry to be a quiet game of musical chairs, this hire is a ...
Interest rates drop, stimulates mortgage application volume
Mortgage applications skyrocket According to the Mortgage Bankers Association’s (MBA’s) seasonally adjusted index of mortgage application activity, home mortgages skyrocketed 23.1 percent last week as interest rates dropped. The increase was due mostly in part to a surge in refinancing demand. The MBA’s seasonally adjusted index of refinancing applications rose 26.4 percent, while the volume of new loan requests for ...
Midwest Real Estate Data leaders cautiously optimistic about 2012
Exercising caution Forecasting and predictions from the National Association of Realtors for 2012, predicting a very small rate of improvement for the year, especially regarding home prices and sales as they are so intertwined with the health of employment levels in America. A new report from the Midwest Real Estate Data’s Board of Managers forecasts similarly, putting forward a cautiously ...
2011 real estate market report shows rentals are hot
Rents rise, home sales prices slip Tomorrow, HotPads will release their annual housing report, this year reporting that rents for two bedroom units rose 3.75 percent in 2011 while home sale prices of two bedroom units fell 1.83 percent in the top 20 most populated metropolitan markets. In 2011, HotPads reports that studio rentals rose 7.12 percent, representing the highest ...
Americans oppose elimination of mortgage interest deduction
American voters and homeownership By an overwhelming margin, a new study about homeownership and housing policies shows that American voters would oppose any efforts to weaken or eliminate the mortgage interest deduction or diminish a federal role to help qualified home buyers to obtain affordable mortgages. The National Association of Home Builders conducted a survey through the Republican and Democratic ...
Move’s ListHub launches Real Estate Network for listing syndication
The shifting listing syndication ecosystem At the NAR Annual Conference in November, the IDX Policy Presidential Advisory Group (PAG) recommended that Franchisors consider syndication as a means to source listings for display on their websites, in line with recommendations emerging from the PAG’s meeting in August to be crafted by a work group to be presented in May to the NAR ...
Home prices continue six month slide
Another month of sliding home prices As most economists predicted, home prices fell again for October, down 1.2 percent from September and down 3.4 percent from October of last year, according to the S&P/Case-Shiller 20-city index. After reports that new home sales had improved alongside housing starts and permits, some analysts had hoped for an improvement across the board for ...
Homeowner sues Bank of America for mortgage mishandling
Indianapolis homeowner sues Indianapolis homeowner, Darryle Caines has filed a lawsuit against Bank of America, alleging that without explanation, his mortgage was raised $700 per month, violating various state and federal statutes. Caines moved into his Indiana home in 2007, agreeing to a fixed rate of 6.75 percent with monthly payments near $1,900, according to Fox 59. In 2008, he ...
How Cleveland, Ohio is overcoming it’s six year economic crisis
Cleveland – bankrupt in 1976 Cleveland, my hometown*, is in the news again, thanks to 60 Minutes. We aren’t usually known for awe-inspiring events here. Dennis Kucinich, former mayor, and current Congressman had to declare the city bankrupt in 1976, as the Cuyahoga River caught on fire in the summer of 1969. Pro athletes leave town as if they are on ...
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