The Experts You Can Trust
Rising rents, bargain home prices, record-low mortgage interest rates, pent-up household formation and sustained job creation are the elements that sustained the uptrend in home sales in the first month of this year, this according to the recent report of the National Association of Realtors (NAR). “The uptrend in home sales is in line with …
Home Sales Increase Yet Again in Jan. 2012, NAR Reports Read More »
Buying a home is more affordable today than in the last two decades, this according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Opportunity Index (HOI). NAHB/Wells Fargo HOI data shows that 75.9 percent of all existing and new homes sold in the fourth quarter of last year were affordable to families earning …
Home Buying More Affordable Today Than in the Last 20 Years Read More »
Based on the data of CoreLogic – a leading provider of real estate information and analytics, close to 50,000 homes in Maryland have been foreclosed since 2006. Since January 2006 – the last days of the U.S. housing bubble, about 49, 600 homes in Maryland have been foreclosed by banks or mortgage servicers. This means …
About 50,000 Maryland Homes have been Foreclosed Since 2006 Read More »
Maryland Attorney General Douglas F. Gansler announced last Thursday that his office, together with the Federal government, has entered into a $960 million mortgage servicing settlement with the nation’s five largest mortgage servicers. Specifically, the mortgage servicing settlement was entered into by the Maryland Office of the Attorney General, Department of Labor, Licensing, and Regulation’s …
Maryland’s Distressed Homeowners to Receive $960 Million in Mortgage Settlement Read More »
Even as home prices and mortgage rates are exceptionally low, most of today’s young adults cannot own a home due to tighten lending standards. With these tighten lending standards, parents of today’s young adults can act as their children’s mortgage lenders. The National Association of Realtors reported that in 2011 alone, one in three first-time …