10 States Where Foreclosures Are Stubbornly High

Mortgages

10 States Where Foreclosures Are Stubbornly High

10 States Where Foreclosures Are Stubbornly High

The foreclosure crisis in the U.S. is dying a very slow death. Even though there are many fewer homes entering the foreclosure process now than there were before the housing bubble burst, two-thirds of all home loans in some state of foreclosure were originated between 2004 and 2008, according to the most recent foreclosure report… Read More

The 20 Hottest Real Estate Markets in America

Mortgages

The 20 Hottest Real Estate Markets in America

The 20 Hottest Real Estate Markets in America

Spring is generally regarded as the most popular time of year to buy a house, but with that comes a bit of a buyer’s problem: competition. Home prices were up and inventory was down in May from last year, according to a monthly analysis from Realtor.com. Meanwhile, property listings turned over at a much higher… Read More

10 Places Where Homebuyers Can Still Find Deals

Mortgages

10 Places Where Homebuyers Can Still Find Deals

10 Places Where Homebuyers Can Still Find Deals

In most of the country, buyers have the advantage over sellers in the housing market. In April, 59% of counties in RealtyTrac’s monthly Home Sales Report reported that homes sold at less than market value, on average. In 27% of counties, homes sold at above market value, and in 14% homes sold for almost exactly… Read More

10 States Missing Out on the Housing Recovery

Mortgages

10 States Missing Out on the Housing Recovery

10 States Missing Out on the Housing Recovery

Even with mortgage rates at historically low rates, existing home sales slowed to an annual 6.1% growth rate in November, the National Association of Realtors reports. Though the share of first-time homebuyers (31%) was the largest it’s been since Oct. 2012. Meanwhile, the foreclosure rate was down slightly (1%) in November from the same time… Read More

The Most Important Factors to Selling Your Home

Mortgages

The Most Important Factors to Selling Your Home

The Most Important Factors to Selling Your Home

The housing market has experienced plenty of highs and lows throughout the past decade, and, luckily, we are experiencing a resurgence in home values. With home values on the rise and interest rates remaining low, this could be a great time to put your house on the market in many parts of the country. There… Read More

How the Internet Could Open Up the Housing Market to Everyone

Mortgages

How the Internet Could Open Up the Housing Market to Everyone

How the Internet Could Open Up the Housing Market to Everyone

For decades, the U.S. has had two de facto mortgage systems: one that supports relatively easy access to homeownership for more affluent homebuyers and one that undermines affordable homeownership for low- and moderate-income (LMI) borrowers and often people of color. Now, advances in online lending – considered by some to be a potential solution to… Read More

Underwater Homes at Lowest Level in 2 Years

Mortgages

Underwater Homes at Lowest Level in 2 Years

Underwater Homes at Lowest Level in 2 Years

“Underwater” has been a prominent buzzword in the mortgage industry over the last several years — the kind of buzzword that leaves a nasty taste in your mouth when you use it. Seriously underwater properties make up 17% of mortgaged homes in the U.S., according to RealtyTrac, a housing data company. That’s the lowest share… Read More

How to Sell Your House in the Off-Season

Mortgages

How to Sell Your House in the Off-Season

How to Sell Your House in the Off-Season

It’s been said that spring and early summer are the best times to sell your house. Competition among buyers can be fierce during these warm months and for whatever reason, the data has consistently shown that homes sell for more in spring and early summer. Maybe there’s something psychological to warm weather that entices buyers… Read More

Underwater Mortgages Fall in the Third Quarter

Mortgages

Underwater Mortgages Fall in the Third Quarter

Underwater Mortgages Fall in the Third Quarter

The percentage of homeowners underwater on their mortgages has dropped significantly during the past year, according to the quarterly Negative Equity Report from Zillow. Twenty-one percent of of homeowners with mortgages owed more than their homes were worth in the third quarter. That’s down from 28.2% in the same period of 2012, which is the… Read More

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