Topic: Real Estate Sales
Top galleries, list articles, quizzes
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Top 10 places to buy a foreclosed home
Here are the Top 10 metropolitan areas to buy a foreclosed home, according to RealtyTrac:
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How savvy are you about real estate? Take our quiz.
You hire a real estate agent to help you buy or sell your home, your largest financial asset, but how do you know if he’s doing his job well? Even more worrisome, how do you know his financial incentives are aligned with your interests? As we show in our new book Inside the Sell, the best way to navigate the potential minefield of residential real estate is to find a great agent, but consumers are often asking the wrong questions. Take our quiz to test your real estate savvy:
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Retired NBA Finals MVPs: What are they doing now?
The Most Valuable Player in the NBA Finals is an award that's only been around since 1969. Find out what retired Finals MVPs are doing today.
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How to sell a house? Five reasons to auction it.
In locales across the United States, home auctions are taking place with increasing frequency. Real estate companies are opening auction divisions; agents are attending auction school to learn how to sell a house in a new way. In its first six weeks of operation, our auction portal received more than 1,000 visits from across the US and 29 nations. Two-thirds of the visitors who completed our survey had not yet listed their home with a real estate agent, meaning they were thinking of auction as their first option. These homeowners aren't in foreclosure; they're simply looking into this alternative sales method to find out if auction is right for them. Here are five benefits of auctioning your home:
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10 best cities to buy short sale homes
Foreclosures are tough: Homeowners lose their houses and ruin their credit, while banks get stuck with vacant, deteriorating real estate for months before selling it at a considerable loss. Increasingly, banks are finding another way: the short sale. Instead of waiting to foreclose, a bank preemptively sells a home at a deep discount and closes out the underwater mortgage, even if the house sells for less than the value of the mortgage. The result: Homeowners shed their mortgage debt, and banks unload properties more quickly and inexpensively. Here are the Top 10 metropolitan areas with the biggest average discounts on these pre-foreclosure homes, according to online foreclosure marketplace RealtyTrac. Can you guess which city is No. 1?
All Content
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Paper Economy Housing market mixed; still fragile
Single family housing permitsincreased 0.9 percent from last month to 445,000 single family units, but single family housing starts declined 1.0 percent to 508,000 units.
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30-year mortgage rate rises for first time in 2012
30-year mortgage rate climbes to an average 3.98 percent. Last week, the average 30-year mortgage rate stood at a record low 3.88 percent.
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Stocks lowered by mixed economic data
A brief morning rally pushed the Dow Jones industrial average above its highest closing price since the financial crisis, the Dow closed down 22 points at 12734.
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Paper Economy Existing home sales slowed in December
Pending home sales dropped 3.5 percent since November, but increased 5.5 percent above December 2010 levels.
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Paper Economy Single family home sales are up
Single family home sales increased 4.6 percent from November and rose 4.3 percent above the level seen in December 2010
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Tech stocks boost the market
Strong earnings reports from IBM and Microsoft drove the Dow Jones industrial average higher Friday. The Dow rose 96 points to close at 12720.
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Paper Economy Residential construction improves, but the market is fragile
Single family housing permits, the most leading of indicators, increased 1.8% from last month, but the environment for new home sales remains weak
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What can be done to create jobs? Six leading ideas.
The job market has shown some very welcome signs of improvement lately, but it still has a long way to go before approaching something Americans would call normal. Here’s a look at some of the proposed solutions out there.
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Stocks rise, but S&P flat for the year
Stocks get a boost from an increase in pending home sales. With only two full trading sessions left in 2011, stocks are struggling to finish in positive territory.
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New home sales near all-time low
New home sales in 2011 could be the worst ever, despite a rise in November. Last month saw a 1.6 percent increase in new home sales, far less than what economist had hoped for.
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New home sales up, but still depressed
New home sales in November rose 1.6 percent for the month and are up nearly 10 percent for the year. But new home sales are far below pre-recession levels.
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Home sales up. Is the housing market finally turning around?
Sales of previously owned homes rose in November, gaining for the second month in a row. And home-sales volume is up 12 percent from a year ago, says the National Association of Realtors.
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New home sales climb in October
Sales increased 1.3 percent since September and 8.87 percent above the level seen in October of 2010. The inventory of new homes still remains critically low, however.
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Existing home sales climb in October
In October, total home sales climbed 1.4 percent since September and 13.5 percent above the level seen in October 2010.
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New residential construction increases
In October, both single family permits and starts increased from September , though both measures were tepid when compared on a year-over-year basis.
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Home sales down in September
Home sales dropped 4.6 percent since August but increased 6.4 percent above the September 2010 level
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New home sales climb; selling prices still low
New home sales climbed 5.7 percent since August, but declined 0.9 percent below levels seen last year
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New residential construction falls in September
Single family permits declined 0.2 percent: 76.81 percent below the September 2005 peak.
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Foreclosures remain high as Calif. home prices drop
Foreclosures in California are still high by historical standards as median home prices drop 6 percent.
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Fixed mortgage rates rise above 4 percent
Fixed mortgage rates briefly dipped below 4 percent to historic lows. But 30-year fixed mortgage rates now average 4.12 percent.
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Homeownership: biggest fall since Depression
Homeownership rate falls from 66.2 percent to 65.1 percent in the past decade. Homeownership gap between whites and blacks is biggest since 1960.
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Bernanke has the right ideas
The Fed chief gives a strong statement in support of activist policy firing on all fronts to address the economic crisis
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Home foreclosed? Top 5 ways to survive.
If you have found yourself in foreclosure – or having to sell your home without making a dime – it probably seems like the end of the world, or at least your life. But here’s a word of advice: Snap out of it! As two homeowners who have had their homes foreclosed, we not only survived, we’ve flourished. And so can you. Here's how:
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Housing market: Prevention over correction
The housing doldrums have more to do with a failure of preventative policies, not corrective ones.
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New home sales declined in August
Sales of single-family homes fell 2.3 percent in August, but numbers are still up 6.1 percent from August 2010
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