Homebuyers Struggle to Find New Digs as Inventories Shrink

Editor's note: This is the first of a two-part series on the impact of shrinking inventories on buyers and sellers. In Part 1, Inman News reporter Andrea V. Brambila looks at how the scarcity of of listings in many markets is affecting buyers. Part 2 will look at impacts on sellers. Homebuyers nationwide are discovering... Continue Reading »

Home Price Gains Pull 400,000 Homeowners Above Water

Home price increases helped more homeowners regain some equity in their homes during the second quarter, according to an analysis by Zillow. Zillow's Negative Equity Report estimates that 30.9 percent of homeowners with mortgages owed more than their homes were worth at the end of June, down from 31.4 percent at the end... Continue Reading »

NAR Launches Email Campaign to Tout Value of Homeownership

By Inman News The National Association of Realtors has launched an email campaign designed to educate roughly 82 million consumers about the value of homeownership and the government incentives in place that support it. Starting last week, the three-part campaign sent out its first set of emails directly from NAR to... Continue Reading »

London 2012: Century 21 Commercials Air During Olympics

Real estate franchisor Century 21 Real Estate LLC is taking its "Smarter, Bolder, Faster" TV ad campaign to the 2012 Summer Olympics. The Realogy Corp. subsidiary says the TV commercials -- part of a high-profile campaign launched last year -- will air more than 100 times during NBC Sports Network and MSNBC... Continue Reading »

Top 10 Metros With Rising Home Prices

Editor's note: Data is from Realtor.com's June 2012 Real Estate Trend Data Report. The report analyzes data for 146 U.S. metros and includes single-family homes, condos, townhomes and co-ops. Three California metros -- Santa Barbara-Santa Maria-Lompoc, San Francisco and Oakland -- shot to the top five of metros with the... Continue Reading »

Dwight Clark, Ex-NFL Star Who Made 'The Catch,' Endorses Intero Real Estate Services

By Paul Hagey Retail manufacturers put great stock in the ability of athletes and other celebrity endorsers to help them move shoes, sports drinks and other goods off of store shelves. Now a real estate broker in California's Silicon Valley is betting that a former San Francisco 49ers star who made a famous catch 30... Continue Reading »

10 Best Housing Markets for First-Time Homebuyers

By Andrea V. Brambila As a group, first-time homebuyers are a bellwether of the real estate industry and the economy as a whole. "What helps a first-time homebuyer is having a job and a good income to buy a home -- having hope for the future," said Mark Fleming, chief economist for data aggregator CoreLogic. In... Continue Reading »

How to Avoid Foreclosure: Steps You Can Take to Keep Your Home

By Paul Hagey There are many actions borrowers can take before facing foreclosure. Many find solutions to their difficult situations by short-selling their homes or simply walking away, an option the Obama administration's Making Home Affordable program makes slightly easier by paying $3,000 to borrowers for relocation... Continue Reading »

Top Real Estate Markets for Million-Dollar Homes

By Inman News Real estate markets in Sun Belt states were the most popular among visitors searching recently for homes listed for at least $1 million on Realtor.com. The Los Angeles-Long Beach, Calif., metro area dominated those online visits, with 16.1 percent of total searches at Realtor.com in January targeting $1... Continue Reading »

Dual Agency: How a Real Estate Agent May Be Two-Timing You

By Matt Carter and Andrea V. Brambila Republished with permission from Inman News. Homebuyers sometimes gripe that their real estate agent seems more interested in closing a sale and collecting a commission check than in helping them find the right home at the right price. Sellers, too, may feel pressured by their... Continue Reading »

Top 5 Real Estate Markets to Watch in 2012

By Andrea V. Brambila While national home prices and sales may not recover to their historical levels until 2013 at the earliest, some local housing markets always outperform others in any given year. In this second annual report (see last year's "Top 10 Markets to Watch in 2011"), Inman News examined housing,... Continue Reading »

Mortgage Modification: 6 Steps To Nailing a Loan Mod

By Jack Guttentag for Inman News Millions of mortgage borrowers who can no longer afford their mortgage payments but can afford a lower payment can avoid foreclosure by getting a modification of their loan contract. While the path to a modification remains torturous, it is not quite as bad as when I addressed the issue... Continue Reading »

Survey: Holidays Are 'Good Time to Sell'

By Inman News Most real estate professionals always advise sellers to list their homes during the holiday season rather than waiting, citing more serious buyers and less competition among properties, according to a recent survey from Realtor.com. The property search site's Holiday Home Selling Survey gathered... Continue Reading »

Homeowners: Take Advantage of Expiring Tax Deductions

By Stephen Fishman There are several tax credits and deductions set to expire at the end of the year, and given the federal deficit problem, there's a good chance they won't be extended. If you want to take advantage of them, you need to act before Jan. 1, 2012. Mortgage Insurance Premium Deduction If you itemize... Continue Reading »

Feds Want Your Feedback on Proposed Mortgage Forms

Federal regulators are asking for industry input on prototypes for a new, unified settlement disclosure form that will replace the separate HUD-1 Settlement Statement and Truth in Lending disclosure form currently in use. The Consumer Financial Protection Bureau -- which has also been asking for feedback this year on a... Continue Reading »

Feeling Presidential? Live in Your Very Own White House

By Mary Umberger Judging by all the recent hollering, finger-pointing and campaigning, it would seem that a goodly number of people aspire to live in the White House -- though, of course, only one of them will get the key to the Oval Office washroom. For the runners-up, there are some consolation prizes out there:... Continue Reading »

New Credit Score Will Tell Lenders More About You

Mortgage lenders will soon have access to new details about a prospective borrower's past -- such as past rental applications, inquiries to pay-day lenders, and missed child support payments -- that will be factored in to a new credit score. Real estate and mortgage data aggregator CoreLogic says it's signed an... Continue Reading »

Want to Sell Your House? List It on a Friday

Sellers should list their home on a Friday for the best chance of selling it, according to Seattle-based brokerage Redfin. Redfin analyzed data for 1.2 million listings in 16 markets nationwide over the past 21 months. The brokerage found that of all listed homes in those 16 markets, those listed on a Friday were 12... Continue Reading »

Rod Blagojevich House Hits Market as $1 Million FSBO

It's a historic home (though by dubious standards), and it's for sale: It's where federal wiretaps recorded the governor of Illinois discussing how to profit from an appointment to President Obama's old Senate seat. It recently went on the market for just over $1 million -- about half a million less than he was... Continue Reading »

Staying, Not Selling? Consider 'Aging in Place' Upgrades

By Paul Bianchina It's something we'd all just as soon avoid, but there's no getting around it: We're all getting older. And that's something worth keeping in mind as you plan and remodel your home. The concept of "aging in place" -- making changes to your home to make it more comfortable and more adapted to your needs... Continue Reading »

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