ARE WE ON THE RIGHT TRACK?

Eight national banks,  Bank of America, JPMorgan Chase, Citibank, HSBC, OneWest Bank, PNC, U.S. Bank, and Wells Fargo  saw the performance of their first-lien mortgages improved in the fourth quarter of 2014, while the delinquency rate on those mortgages and the foreclosure activity continued to decline, according to a quarterly report on mortgage performance by the OfficeContinue

Is home remodeling worth the investment?

More Renovations are not Necessarily Better. Before you begin any major projects, it’s important to assess your home’s value and the neighborhood it’s in. Determine what it will be the approximate return on the investment (ROI) based on the current market value or how long you plan on staying in the house. Be sure thatContinue

Existing home sales slightly rebound

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.2% to a seasonally adjusted annual rate of 4.88 million in February from 4.82 million in January. Sales are 4.7% higher than a year ago and above year-over-year totals for the fifth consecutive month.

Negative Equity continues being a Serious Concern Despite Year Over Year Decline!

While the percentage of homes in the United States with negative equity has declined substantially since the fourth quarter of 2013, they experienced a slight increase quarter-over-quarter in Q4 2014, according to CoreLogic’s Q4 2014 Equity Report released last Tuesday. CoreLogic reported that 10.8 percent of all residential homes were underwater in Q4, this isContinue

Mortgage rates fell!

Economic data affects rates by motivating investors to seek out or avoid risk. Higher demand means higher prices and lower rates.  Investors are looking for clarity on the Fed’s plans regarding raising rates, among other things. From here on out, volatility becomes an increasing risk heading into the Fed’s Announcement next Wednesday. It can either workContinue

Es 2015 el Año de los Primeros Compradores?

Una de las predicciones de la Asociación Nacional de Realtors es que en el 2015 las oportunidades para comprar casa serán mucho mejor, y se espera que los primeros compradores que estuvieron fuera por un tiempo a consecuencia de la crisis hipotecaria reaparezcan a materializar el sueño de la casa propia. Los efectos financieros residualesContinue

56 Percent of 3.3 Million HELOCs Scheduled to Reset With Higher Payments

A total of 3,262,036 HELOCs with an estimated total balance of $158 billion that originated during the housing price bubble between 2005 and 2008 are still open and scheduled to reset between 2015 and 2018. Realty Trac the nation’s leading source for comprehensive housing data, today released its first-ever U.S. HELOC Resetting Report, which foundContinue

Timing the Real Estate Market?

Don’t obsess with trying to time the market and figure out when is the best time to buy.  Trying to anticipate the housing market is impossible. The best time to buy is when you find your perfect house and you can afford it. Real estate is cyclical, it goes up and it goes down and itContinue

El Departamento de Energía aumento los estándares del rendimiento energético que afectarán a Dueños de Casa!

El Departamento de Energía administra programas relacionados a recursos de energía, seguridad nuclear nacional, medio ambiente y ciencias.  La misión del Departamento de Energía conocida por su siglas en inglés DOE,  es la de manejar de manera más eficiente la producción de energía nacional, mantener el sistema de energía sostenible y garantizar la seguridad deContinue

Home Sales to show moderate growth in January!

Based on company transactional data and Google search activity, Auction.com predicted Monday that existing-home sales in January will come in at a seasonally adjusted annual rate of 5.06 million, just slightly above the National Association of Realtors’ (NAR) December estimate of 5.04 million. An early forecast of existing-home sales projects a minor but surely incrementContinue