AGBeat » Real Estate

Completed foreclosures drop 24% over the year

Tara Steele — Thu, 09 Feb 2012 08:10:26 +0000

A shift in foreclosures CoreLogic released its first national Foreclosure Report which provides monthly data on completed foreclosures, foreclosure inventory and 90+ delinquency rates, reporting that completed foreclosures for all of 2011 totaled 830,000 compared with 1.1 million in 2010. CoreLogic notes that since September 2008, there have been approximately 3.2 million completed foreclosures. Completed foreclosures fell from November (57,000) [...]

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Canadian MLS launches Home Price Index

AGBeat — Thu, 09 Feb 2012 07:54:45 +0000

Canadian MLS Home Price Index Canadian home buyers, sellers and Realtors are now being served by the newly launched Canadian Multiple Listing Service (MLS) Home Price Index (HPI) across Montreal, Toronto, Calgary, Vancouver and the Fraser Valley. Although Fraser Valley and Greater Vancouver have had an HPI in place since the mid-1990s, this is the first HPI available for the [...]

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Several states hold out, one leaves $25B mortgage settlement talks

Tara Steele — Wed, 08 Feb 2012 06:42:11 +0000

Settlement talks in limbo AGBeat has had a close eye on multi-state talks with the largest banks as over a year ago, all 50 states’ Attorneys Generals committed to negotiate terms on behalf of homeowners abused by banks leading up to and during the housing crash. Monday was the final deadline for all 50 states to declare whether they were [...]

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Banks’ brilliant idea to give cash incentives to short sale

Tara Steele — Wed, 08 Feb 2012 03:26:09 +0000

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 [...]

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Lovely rental search expanding across the nation

Tara Steele — Tue, 07 Feb 2012 22:53:23 +0000

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 [...]

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Obama housing plan helps its one millionth homeowner

Tara Steele — Mon, 06 Feb 2012 23:30:14 +0000

Housing plan helps one million The U.S. Treasury Department reported today that since the Obama administration launched their foreclosure prevention program in 2009, nearly one million homeowners have been given permanent modifications to their mortgages, reducing their monthly payments. The housing plan gives mortgage servicers incentives to modify mortgage loans by cutting interest rates, deferring a portion of the loan [...]

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Squatter lives in luxury home for months, now evicted

Tara Steele — Mon, 06 Feb 2012 22:05:06 +0000

Adverse possession story comes to a head In the summer of 2011, Kenneth Robinson upset a Dallas neighborhood by walking into an abandoned $330,000 home, filing a $16 document for adverse posession with the county, and refusing to leave, saying he was the rightful owner, leaving police and officials powerless. Robinson became the face of adverse possession this year and the [...]

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Zillow ends Listings API, pulls FSBOs from Redfin, other sites

Tara Steele — Mon, 06 Feb 2012 20:26:24 +0000

Pulling FSBOs Redfin announced today that their site will no longer feature homes for sale by owner (FSBO), beginning Thursday, as Zillow will no longer be sending FSBO and other manually posted listings to be displayed on their site. Redfin is not alone, as this impacts any real estate brokerage, website or service that is featuring listings through Zillow’s Postings [...]

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New York startup aims to save renters money

Tara Steele — Sun, 05 Feb 2012 17:53:47 +0000

RentJolt enters live beta The New York City real estate scene is far different than many other markets in America, with renting being the common option and renters paying brokers out of pocket for services – it’s the wild west of real estate that operates on different rules, although all licensees that carry the Realtor brand are bound by the [...]

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Home prices fall for fifth consecutive month

Tara Steele — Thu, 02 Feb 2012 17:28:25 +0000

Home prices decline in 2011 With the release of the CoreLogic Home Price Index (HPI®) report for December, a full-year picture is now available for all price changes in 2011. According to the CoreLogic, the HPI report reveals that including distressed sales, home prices in the U.S. decreased 4.7 percent in 2011 compared with December 2010. With distressed sales excluded, [...]

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