After a series of months during which volume was low, foreclosure filings have started to rise again.
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Foreclosure Volume Slated To Rise This Spring
Filed Under: Blog, Buying A Home, Foreclosure, Housing Analysis, Residential Real Estate, Short Sale Tagged With: Buy home, Colorado Real Estate, Distressed Homes, foreclosure, Foreclosures, home buyer, RealtyTrac
Mortgage Rates Fall Back Below 4%
After a brief run-up two weeks ago, mortgage rates are back below 4 percent.
Filed Under: Blog, Buying A Home, Housing Analysis, Mortgage Rates, Mortgages, Residential Real Estate, Statistics Tagged With: 30 year fixed loan, Buy home, Discount Points, Freddie Mac, Home Affordability, home buyer
Supply Of New Homes At 6.1 Months Nationwide
According to the Census Bureau, the number of new homes sold in December 2011 slipped 2 percent to 307,000 units on a seasonally-adjusted, annualized basis nationwide.
Filed Under: Blog, Buying A Home, Housing Analysis Tagged With: Buy home, Census Bureau, home buyer, New Home Sales, New Home Supply
Banks Start To Loosen Up In Underwriting
After a half-decade of tightening mortgage guidelines, banks are starting to “loosen up”.
Filed Under: Blog, Mortgage Guidelines Tagged With: Federal Reserve, FICO, home buyer, mortgages, Senior Loan Officer
Home Affordability Threatened By Friday’s Jobs Report
It’s a risky time to be without a locked mortgage rate — especially with the pending release of January’s Non-Farm Payrolls report.
Filed Under: Blog, The Economy Tagged With: Buy home, home buyer, Jobs Report, mortgages, Non-Farm Payrolls, Unemployment Rate
Homebuilders Getting Optimistic; Higher Home Prices Ahead?
Just two months after falling to a multi-month low, the Housing Market Index surged again in November, climbing another three points to 21
Filed Under: Blog, Buying A Home, Buying in a Recession, Housing Analysis, Real Estate Definitions, Residential Real Estate, Statistics Tagged With: Buy home, Colorado Real Estate, HMI, home buyer, Housing Market Index, NAHB, real estate pricing
Pending Home Sales Index Slips For 4th Straight Month
Nationwide, fewer homes are going under contract to sell.
Filed Under: Blog, Buying A Home, Buying in a Recession, Housing Analysis, Real Estate Definitions, Residential Real Estate, The Economy Tagged With: Existing Home Sales, home buyer, NAR, Pending Home Sales
CHFA – The Second of the Five Most Important Loan Programs
This Month I will highlight the second of the five most important loan programs about which consumers need to know. The Colorado Housing and Finance Authority or CHFA was created in 1973 by the Colorado Legislature to address the shortage of affordable housing in the state. Since then, CHFA has established itself as the front-runner […]
Filed Under: Blog, Buying A Home, Buying in a Recession, Mortgages, Residential Real Estate Tagged With: 30 year fixed loan, Buy home, buyer, Christian Durland, credit score, Down Payment, Getting a Mortgage don'ts, home buyer, mortgage broker, mortgages
Foreclosure versus Short Sale
In these difficult economic times, I am commonly asked whether it would be better to have a short sale or a foreclosure on ones credit report. The answer is complicated and has lot of moving parts. A short sale shows up on your credit report as a “derogatory report”; however, it will usually show up […]
Filed Under: Blog, Buying A Home, Buying in a Recession, Credit, Foreclosure, Mortgages, Residential Real Estate, Short Sale Tagged With: A+ Credit Consulting, Buy home, buyer, Colorado Real Estate, credit counseling, credit score, Down Payment, foreclosure, Getting a Mortgage don'ts, green real estate, home buyer, mortgage broker, mortgages, Sarah Kahley-Rufo, short sale
Buying a House? Don’t Buy a Car – or Did You Already Buy One?
When an individual’s income starts growing and they manage to set aside some savings, they commonly experience what may be considered an innate instinct of modern civilized mankind: the desire to spend money. Since North Americans have a special love affair with the automobile, this becomes a high priority item on the shopping list. Later, […]
Filed Under: Blog, Buying A Home, Credit, Mortgages Tagged With: Alaris Properties, Buy home, Colorado Real Estate, credit counseling, Debt to Income Ratio, home buyer, real estate