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The number of home owners behind on their mortgage payments dropped to the lowest level in three years, according to a report of data from the fourth quarter of 2011 released by the Mortgage Bankers Association. "Mortgage performance is also improving faster than the overall economy," says Jay Brinkmann, MBA's chief economist. According to MBA, 7.6 percent [...] . . . → Read More: Fewer Home Owners Behind on Payments List Your Home with Teresa View more PowerPoint from Teresa Butler, Signature Real Estate . . . → Read More: List Your Home with Teresa Housing affordability rose to a record high during the fourth quarter of 2011, which means a home buyer’s purchasing power is greater than it ever has been before, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. The index showed that 75.9 percent of all new and existing homes sold in the fourth [...] . . . → Read More: Housing Affordability Reaches New Records Fallen home prices and record-low mortgage rates have pushed housing affordability to a 40-year high. Meanwhile, rental prices are continuing to rise at a fast pace, according to a new report released by Hotpads.com, a rental listing service. Rental prices in 20 of the largest metro areas increased 3.75 percent in 2011, and prices are expected [...] . . . → Read More: Rising Rents Make Home Buying a Better Choice Up to 1 million at-risk, underwater borrowers may be eligible for a reduction on their mortgage principal, if a settlement between big banks and government officials gets the final approval. The mortgage aid is reportedly on the table as big banks and federal and state government officials are nearing an end to months of settlement talks [...] . . . → Read More: Banks, Gov’t Near Deal on Foreclosure Settlement Builder confidence is at its highest level since June 2007, yet another sign that things are finally perking up in the new-home market, which has faced some of its darkest days on record this past year. For the fourth consecutive month, builder sentiment for newly built, single-family homes was on the rise, according to the National [...] . . . → Read More: Builders Feel the Most Upbeat in More Than 4 Years Many borrowers are finding that the record-low mortgage rates advertised recently are out of reach. So how can borrowers snag these best rates — which for the 30-year fixed-rate mortgage alone has been under 4 percent recently? Basically, they need to prove to lenders they are less risk: Lenders offer the best rates to those [...] . . . → Read More: Qualifying for the Best Mortgage Rate Several recent indicators for the real estate industry are pointing to a market that is on the mend and entering recovery mode. Housing experts’ predictions for the new year tend to center around a market stabilizing before entering a gradual, albeit very slow, recovery. However, the tone is more upbeat than it has been in years [...] . . . → Read More: Optimism Builds in Housing Market You only have one chance to make a first impression with your listing and it’s best to do that on Friday, one study notes. Homes listed on Friday are 12 percent more likely to sell within 90 days and these Friday-listed homes also are likely to be toured more by potential buyers, according to the [...] . . . → Read More: What’s the best day of the week to list a house for sale? To buy or sell in 2012, what with Armageddon coming and all? Absent any ancient Mayan wisdom on real estate strategies, let's just hope the real cataclysmic event in the real estate market already has passed, even if the rubble from the bubble remains. A stubborn overstock of households with loans higher than their value will [...] . . . → Read More: 12 Ways To Sell Your House In This Crappy Market |
Homes For Sale Be the first to own this home at an affordable price!Great Price on New Build - $117,750 For Sale $117,750 |
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Copyright © 2012 Central Ohio Real Estate News - All Rights Reserved. All photos ©Teresa Butler 2012. All rights reserved.
The information provided herein is subject to change without notice. Broker or agent do not guarantee or is anyway responsible for its accuracy, and provides said information without warranties of any kind, either expressed or implied.
Signature Real Estate, 1385 Dublin Road, Columbus, OH 43215.
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