In recent weeks, it’s been hard to ignore the stories that have surfaced about rising rent prices and the soaring demand for rented properties in the Capital.
We’re hearing that the credit crunch is still maintaining its grip on the property market and sapping confidence among buyers and sellers, while the demand for rented property is [...]
Home foreclosures may be slowing, and though prices continue dropping, sales are up, possibly indicating a bottom to the national housing crisis may be nearing, some experts say.Home sales in Solano County were up more than 45 percent in July over last year, according to DataQuick Information Services. At just over 47 percent, only Napa [...]
The total number of foreclosure events – notices of default, notices of sale and lender purchases – in Maryland declined about 22 percent from April to June from the first quarter of 2008.
The change indicates new state laws – that require lenders to jump through more hoops and wait longer to take back a home [...]
The nationwide credit crunch has taken a toll on Hawaii’s commercial real estate sector, which saw sales volume plunge 58.5 percent in the first half of the year, according to a new report.
Local real estate deals, affected by more stringent lending requirements and a disconnect in pricing between buyers and sellers, fell only 7.3 percent from 113 transactions in the first six months of 2007. But year-to-date sales volume plummeted to $536 million from $1.2 billion, according to the latest investment market report released today by Colliers Monroe Friedlander Inc.
Rates on 30-year mortgages fell slightly this week to the lowest level since mid-July.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.47 percent this week, down from 6.52 percent, which had been the rate for the previous three weeks. The new rate was the lowest since the week of July [...]
In the current housing slump, construction has slowed significantly, and homebuilder confidence remains low.
The number of building permits for units of privately-owned housing built by a corporate developer fell nearly 18 percent in July from the month before, according to new residential construction data released yesterday by the U.S. Department of Housing and Urban Development. [...]
LONDON — Alliance & Leicester PLC, a British bank, sold about 400 million ($747 million) of high-quality bonds backed by home loans this week, in a rare sign of life in the market for mortgage securities.
However, bankers say the U.K. lender’s Monday sale isn’t yet a sign of growing momentum in the mortgage-finance market, which [...]
Those waiting for signs that the housing slump is nearing an end were disappointed Thursday, as MDA DataQuick reported 2,004 San Diego County homes went into foreclosure in July, a 9 percent increase over June and a jump of nearly 213 percent over last year.
The July foreclosure tally was a record high since DataQuick began [...]
The Scottish housing market has suffered a severe downturn with the number of loans taken out by homebuyers falling by more than a third in a year. The figures appear to contradict comments made recently by Alex Salmond, the First Minister, who described the market as “relatively stable”.
There were almost 10,000 fewer people who obtained [...]
Divorce is rarely an easy process, and falling home values and sluggish real-estate sales are combining to make it particularly difficult right now.
Couples aren’t fighting over who gets to keep the house. They’re scrambling to get away from the burden of it. It’s too soon to see the trend in official statistics; the most recent [...]