Blog overview of our news

Mar
30
2012

5 Ways for Sellers to Lure More Buyers

Pricing your home realistically will most certainly get potential buyers through the door, but how do you get them to fall in love with the home? A recent article at U.S. News & World Report offers some of the following tips for sellers in enhancing their home’s appeal. Add curb appeal: “Make sure the house […]

Mar
28
2012

Foreclosure Backlogs Starting to Clear, Report Says

Foreclosure starts rose 28 percent while foreclosure sales soared 29 percent in January compared to the previous month, according to the latest Lender Processing Services’ January Mortgage Monitor report. The rise in foreclosures in January is a sign that foreclosure backlogs are beginning to clear, which is considered a positive, necessary step in the real […]

Mar
21
2012

Americans More Optimistic About Housing, Economy

Americans’ concerns over housing and the economy are subsiding, according to Fannie Mae’s National Housing Survey from February. An improving job market is a big part of what’s behind Americans feeling more confident about the housing market and the direction of the economy, according to the survey. “The pickup in the pace of hiring over […]

Mar
21
2012

More Retirees Opt for Short-Distance Moves

Traditionally when Americans retired, they would make big cross-country moves or head south to Sunbelt states. But times have changed and now more seniors are opting to stay put or make a short-distance move. Indeed, only 1.6 percent of retirees between the age of 55 and 65 moved across state lines in 2010, according to […]

Mar
16
2012

Apartment, Condo Market Heats Up

For the sixth consecutive quarter, the apartment and condo housing market continued to show signs of improvement. The Multifamily Production Index, released by the National Association of Home Builders, measures builder and developer sentiment about current market conditions in the sector. The index reached 48.9 in the fourth quarter — out of a scale up […]

Mar
13
2012

Housing Affordability Reaches New Records

Housing affordability rose to a record high during the fourth quarter of 2011, which means a home buyer’s purchasing power is greater than it ever has been before, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index. The index showed that 75.9 percent of all new and existing homes sold in the […]

Mar
5
2012

Is the Downsizing Trend Fading?

Homes are getting bigger again. Census Bureau data shows that 2011 home starts were bigger with more features and amenities than those built in 2010. According to the data, the average new-home size grew from 2,381 square feet in 2010 to 2,522 square feet in 2011. Forty-two percent of the new homes had four or […]

Feb
28
2012

Fewer Home Owners Behind on Payments

The number of home owners behind on their mortgage payments dropped to the lowest level in three years, according to a report of data from the fourth quarter of 2011 released by the Mortgage Bankers Association. “Mortgage performance is also improving faster than the overall economy,” says Jay Brinkmann, MBA’s chief economist. According to MBA, […]

Feb
21
2012

Housing Starts Post Highest Level in 3 Years

Housing starts rose 1.5 percent in January from December, led by a surge in apartment construction, the Commerce Department reported Thursday. Housing starts in January reached a seasonally annual rate of 699,000 units, reaching its highest level since October 2008. The main reason for the January increase was due to a 14.4 percent rise in […]

Feb
6
2012

Portland 13th for Home Appreciation

Portland ranked 13th in the U.S. for home price appreciation in the latest take on the U.S. residential market. Truckee, California-based Clear Capital, a real estate research firm, ranked Portland at No. 13 for an 0.6 point increase in its January home price index compared to the prior quarter.Birmingham, Ala., led the nation, followed by […]

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