Worst May Be Over for Foreclosure Epidemic Foreclosures have fallen in about 62 percent of the country’s 212 largest metro markets in the third quarter, leading to more stability in the housing market recovery, RealtyTrac reports in its latest foreclosure report. What’s more, RealtyTrac reports that foreclosure activity in 58 percent of the major markets …
Tag: Real Estate
Oct 30
Homebuilders Need More Land, Analysts Say
Homebuilders Need More Land, Analysts Say. Homebuilders need to “replenish their land inventories” to respond to the projected growth in buyer demand within the next few years, say Moody’s Investor Service analysts. Part of what’s hampering them from doing so: They lack revolving lines of credit due to the housing downturn and applying for more …
Oct 30
Home Owners Near Foreclosures Feel Big Loss Too
Home Owners Near Foreclosures Feel Big Loss Too Home owners living near a foreclosed property have faced about $2 trillion in losses to property values, according to a new report by the Center for Responsible Lending, which analyzed the impact of foreclosures on properties within one-eighth mile of a home in foreclosure. “Communities with high …
Oct 30
Remodeling Activity Bounces Back to 2005 Levels
Remodeling Activity Bounces Back to 2005 Levels More home owners are tackling remodeling jobs once again, as the Remodeling Market Index heats up and climbs to its highest point since the third quarter of 2005, the National Association of Home Builders reports. The greater momentum in remodeling is yet another positive trend recently trickling through …
Oct 26
59 North Pennell Road, Media PA 19063 home for sale
59 North Pennell Road, Media PA 19063 home for sale. Price: $275,000 Est. payment: $1,232/mo Bedrooms: 3 Bathrooms: 3 full, 1 partial Property type: Single-Family Home Size: 2,117 sqft Lot: 1.67 acres Price/sqft: $130/sqft Year built: 1985 MLS/ID: 6128332 Zip: 19063 1-Story,Detached, Log Home home for sale at 59 North Pennell Road, Media PA 19063 Situated …
Oct 26
Lot for Sale 140 2nd Avenue, Broomall PA 19008
Lot for Sale 140 2nd Avenue, Broomall PA 19008. Price: $249,900 Est. payment: $1,119/mo Bedrooms: Ask agent Bathrooms: Ask agent Property type: Lot/Land Size: Ask agent Lot: 4,791 sqft Price/sqft: Ask agent Year built: Ask agent MLS/ID: 6127161 Zip: 19008 Separately deeded Lot for Sale 140 2nd Avenue, Broomall PA 19008. Owner will include this …
Oct 26
Federal Reserve vows to keep Rates Low
Federal Reserve vows to keep Rates Low. The Federal Reserve acknowledged Wednesday that segments of the economy are looking up, particularly housing and household spending. However, the Fed said it will continue to press forward with its stimulus campaign — which includes a move that is lowering mortgage rates — until the economy shows more …
Oct 25
New-Home Sales Surge 5.7% in September
New-Home Sales Surge 5.7% in September New-home sales posted their largest gain in more than two years in September, the Census Bureau reported Wednesday. New-home sales rose 5.7 percent in September over August and are 27.1 percent higher year-over-year. The median price of a new home in September was $242,400, up 11.7 percent from a …
Oct 25
Non delinquent Borrowers Soon to Be Eligible for Short Sales
Non delinquent Borrowers Soon to Be Eligible for Short Sales Mortgage giants Fannie Mae and Freddie Mac have issued new rules, which will take effect Nov. 1, that will allow short sales for underwater but Non delinquent Borrowers who have never missed a mortgage payment. Previously, Fannie and Freddie allowed only home owners who had missed …
Oct 24
220 Wrights Lane, Media PA 19063 home for sale
220 Wrights Lane, Media PA 19063 home for sale. Price: $379,000 Est. payment: $1,698/mo Bedrooms: 4 Bathrooms: 2 Property type: Single-Family Home Size: 2,314 sqft Lot: 1.06 acres Price/sqft: $164/sqft Year built: 1963 MLS/ID: 6126842 Zip: 19063 1-Story,Detached, Rancher home for sale at 220 Wrights Lane, Media PA 19063 Quiet, secluded and sheltered from the …
Oct 24
115 Haldeman Street, Media PA 19063 home for sale
115 Haldeman Street, Media PA 19063 home for sale. Price: $470,000 Est. payment: $2,106/mo Bedrooms: 3 Bathrooms: 2 full, 2 partial Property type: Condo Size: 2,916 sqft Lot: 3,049 sqft Price/sqft: $161/sqft Year built: Ask agent MLS/ID: 6126838 Zip: 19063 Condo, Colonial home for sale at 115 Haldeman Street, Media PA 19063 Welcome Home to …
Oct 24
Housing Shortages Plague Market
Housing Shortages Plague Market Buyer demand is up, but there aren’t enough homes available to buy, according to the National Association of REALTORS®, which blamed a recent drop in home sales on Housing Shortages of for-sale homes. “Recent price increases are not deterring buyer interest,” notes Lawrence Yun, NAR’s chief economist. “Rather, Housing Shortages are limiting sales, …
