Real Estate Consumer News

New Home Construction Continues To Increase

Dennis Norman — Thu, 16 May 2013 23:34:15 +0000

Building permits for new homes in April were issued at a rate equal to 617,000 homes a year, according to the latest report from the Census Bureau and HUD. April’s permit activity is 3 percent higher than March and is an increase of 27.5 percent from a year ago. In April work began on new [...]

The post New Home Construction Continues To Increase appeared first on Real Estate Consumer News.

New Homes Replacing Foreclosures In The Housing Market

Dennis Norman — Thu, 16 May 2013 20:04:53 +0000

As the housing market improves, foreclosures are declining and in fact foreclosure starts for the first quarter of 2013 were down 27 percent from the first quarter of 2012, according to a report just released by RealtyTrac. The report also took an in depth look at the new home market and found that new homes [...]

The post New Homes Replacing Foreclosures In The Housing Market appeared first on Real Estate Consumer News.

Four California Cities Top The List of Luxury Home Sales

Dennis Norman — Tue, 14 May 2013 20:27:08 +0000

Four cities in California were at the top of the list of top markets for luxury home sales ($1 million+) just released by Redfin. San Francisco, with 474 sales at $1 million or more, during 14 month period ended March 31, 2013, topped the list with the most sales, folloed by Los Angeles, [...]

The post Four California Cities Top The List of Luxury Home Sales appeared first on Real Estate Consumer News.

Year over year home price increase at highest level in over 7 years

Dennis Norman — Tue, 14 May 2013 11:45:33 +0000

During the first quarter of 2013, median home prices rose in 133 out of 150 metro areas, according to the National Association of REALTORS (NAR). On a national level, the median home price during first quarter of this year was $176,600, an increased of 11.3 percent from $158,600 in the first quarter of 2012 and was [...]

The post Year over year home price increase at highest level in over 7 years appeared first on Real Estate Consumer News.

Remodeling Projects By Homeowners Down This Year

Dennis Norman — Tue, 14 May 2013 11:00:24 +0000

Remodeling projects and other home improvements by homeowners has declined in each of the last 5 months, according to a newly released report by the National Association of Home Builders (NAHB).

The NAHB has a Remodeling Market Index (RMI) which fell six points to 49 for the first quarter of 2013 however, despite its drop, the [...]

The post Remodeling Projects By Homeowners Down This Year appeared first on Real Estate Consumer News.

Steps to buying a new home

Dennis Norman — Tue, 14 May 2013 01:12:24 +0000

Bank of the West has published an informative infographic that presents the steps to buying a home as well as many facts and figures homebuyers may find useful. In addition, you will find median home prices for various parts of the country, average cost of upgrades as well as information on down payments, all in [...]

The post Steps to buying a new home appeared first on Real Estate Consumer News.

Foreclosures Fall To Six Year Low In U.S.

Dennis Norman — Thu, 09 May 2013 16:15:54 +0000

In April foreclosure filings (default notices, scheduled foreclosure auctions and bank repossessions) were reported on 144,790 properties in the U.S., the lowest number since February 2007, according to a report just released by RealtyTrac, a company that tracks and reports foreclosure activity throughout the U.S.

Nevada, Florida, Ohio see highest state foreclosure rates in [...]

The post Foreclosures Fall To Six Year Low In U.S. appeared first on Real Estate Consumer News.

Las Vegas Is Top Performing Metro Housing Market In US

Dennis Norman — Wed, 08 May 2013 21:14:16 +0000

Las Vegas was the top performing housing market in April according to the May 2013 Clear Capital Market Report. According to the report, home prices in Las Vegas increased 4.2 percent for the 3 month period ending in April and increased 24.3 percent from a year ago. On a National level, home prices increase 7.2 [...]

The post Las Vegas Is Top Performing Metro Housing Market In US appeared first on Real Estate Consumer News.

The Best Places To Flip Property

Dennis Norman — Fri, 03 May 2013 15:08:24 +0000

Where are the best places to flip property for a profit?

RealtyTrac just released the top 25 cities in the U.S. where flipping homes can yield the most profit. To come up with this list RealtyTrac looked at over 600 different cities in the U.S. where single family homes were flipped (a “flip” being [...]

The post The Best Places To Flip Property appeared first on Real Estate Consumer News.

Over $1 Billion Paid Out In Foreclosure Review Settlement

Dennis Norman — Thu, 02 May 2013 02:11:06 +0000

Over $1 Billion in payments have been made to borrowers as a result of the foreclosure review settlement, according to a report just released by the Office of the Comptroller of the Currency (OCC).

As of April 25th, more than one million people have received their part of the settlement

Nearly another billion dollars ($794 [...]

The post Over $1 Billion Paid Out In Foreclosure Review Settlement appeared first on Real Estate Consumer News.