Bank of America has launched an expanded program to encourage short sales, offering up to $30,000 in relocation assistance. Home owners looking to do a short sale can receive between $2,500 and $30,000 from the bank, with the amount determined … Continue reading
The number of home remodeling projects across the nation has risen by 10 percent since March 2011, according to a monthly report. The BuildFax Remodeling Index for March showed building permits were issued at an annual rate of 2.781 million … Continue reading
One of the main charities that the Armando Montelongo Companies support, the Wounded Warrior Project, is conducting a special campaign on Twitter this month. Hashtags4Heroes uses a system that takes advantage of “leftover” characters in Twitter posts to promote the … Continue reading
The closing gap between foreclosure-sale and short-sale prices is providing noteworthy insight on the state of the housing market nationally. According to a report produced by Lender Processing Services, historically the difference between foreclosure and short-sale prices has been 10 percentage … Continue reading
A jump in transactions involving lower-priced homes drove Seattle sales to a year-over-year increase for the ninth month in a row in March, according to a new report. The monthly market report from DQNews.com noted that sales of houses for … Continue reading
Home prices rose by 0.2 percent in February, the first monthly increase since March 2010 and only the third increase in the last five years, according to a new report. The Lender Processing Services Home Price Index also showed that … Continue reading
Home prices stabilized in more than half of the metropolitan areas across the country in the first quarter, while improving sales and declining inventory created more-balanced conditions market conditions, according to a new report. The latest quarterly report by the … Continue reading
Freddie Mac, Fannie Mae and the Federal Housing Administration owned 203,469 houses across the county at the end of the first quarter, according to new reports. The Calculated Risk blog compiled information from quarterly statements by the government-sponsored mortgage insurers … Continue reading
The “shadow inventory” of distressed properties across the country would take almost four years to clear under current sales conditions, according to a new report. The Standard and Poor’s Rating Services report, as cited by the Real Estate Economy Watch … Continue reading
Several housing markets are showing signs of recovery, led by Phoenix, Miami and Orlando, according to a new report. Realtor.com released a Top Turnaround Town Report based on comparative data from the first quarters of 2012 and 2011. The report … Continue reading