Estimated Time to Clear Distressed Inventory Rises

Estimated Time to Clear Distressed Inventory Rises

Distressed inventory is on the decline, but the number of months it will take to clear that distressed inventory from the market is on the rise.

Distressed inventory among non-agency residential mortgage-backed securities (RMBS) dropped 20 percent year-over-year and 5 percent quarter-over-quarter in the third quarter of this year.

While distressed inventory is declining, the time estimated to clear these distressed homes from the market is rising, up five months from the second quarter of this year and 11 months from September 2012,
See inventory by state...

Real Estate Stories From 2013,Predictions for 2014

Real Estate Stories From 2013,Predictions for 2014
A Look Back and a A Look Ahead: Real estate had a big year in 2013 as the housing recovery strengthened, and the public showed an increasing appetite for real estate-related news. 
As 2013 comes to a close and real estate experts predict where the housing market is headed in 2014, a look back reveals several trends.

While no one can predict with certainty what the housing market holds in store for 2014, a constant in real estate is always that local markets vary widely in their performance. 

National numbers can tell a story about the economy in general, but home prices, inventory and foreclosure activity depend on local market conditions. Contact a Realtor® in your community for the most up-to-date  information about your market.

Built-to-Rent New Homes on the Rise

Built-to-Rent New Homes on the Rise

Thousands of single-family homes are being built to rent rather than sell. More #home builders and investors see it as an income-generating investment at a time when the pool of first-time home buyers is shrinking and #Mortgage rates see Sharp increases this week.

The percentage of homes built specifically as rentals was 6.2 percent in 2012 — a record high, according to Census Bureau figures. For example, in the Atlanta area, a five-bedroom, three-bathroom new home that may have sold for less than $200,000 can fetch $1,300 a month in rent. “New homes still command a premium with renters,”   See rates at our website

Nearly Half of States Within Reach

Nearly Half of States Within Reach

Peak Home Prices: Twenty-three states are within 10 percent of their 2006 home price peaks,.  

Home prices have increased 12.5 percent year-over-year. However, prices had a more modest month-over-month gain of 0.2 percent from September to October. #Home prices have increased 12.5 percent year-over-year. However, prices had a more modest month-over-month gain of 0.2 percent from September to October. “The slowdown in appreciation is positive for the #housing market as almost half the states are now within 10 percent of their respective historical price peaks,” Is your state one?

Investors Target ‘Hipster’ ZIPs

Investors Target ‘Hipster’ ZIPs
For Rental Returns, 

The hipster lifestyle can have a “major impact on local real estate markets, and mostly in a positive way,” 

Neighborhoods that are branded as “hipster” often offer trendy restaurants, coffee shops, and other amenities — and that's likely to see property values and rental rates rise, 

Savvy real estate investors are even targeting hipster markets to purchase rental properties, betting that they will offer up steady cash flow and strong appreciation. Take a look at their effects on #housing.

Foreclosed Owners Get Second Chance Sooner

Foreclosed Owners Get Second Chance Sooner

Those who lost their home due to financial hardships may get another shot at being home owners again soon.

The Federal Housing Administration recently announced that they would shorten the waiting period for qualified borrowers who’ve had a bankruptcy, foreclosure, deed in lieu of foreclosure, or short sale who want to buy a home again.

Those who lost their home due to financial hardships may get another shot at being #home owners again soon. The Federal Housing Administration recently announced that they would shorten the waiting period for qualified borrowers who’ve had a bankruptcy, foreclosure, deed in lieu of #foreclosure, or short sale who want to buy a home again. Under the FHA'sBack-to-Work program, learn more at our website.

Asking Prices Surging in These Markets

Asking Prices Surging in These Markets

Median list prices are up 7.57 percent over the last year, according to a Median Home Prices Report, which reflects October data for 146 metro markets. 

“Monthly prices fell slightly in October (down 0.25 percent month-over-month), but remained resilient against the usual seasonal patterns of stabilizing inventory,” noted in its report. 

 Only 19 markets posted price declines, led by Akron, Ohio, which posted a 7.93 percent year-over-year loss, and South Bend, Ind., with a 7.79 percent decrease in median asking prices.  Median list price at our website.