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Nov 11, 2009 | No Comments | Sean Mills
The Obama administration said Tuesday that its mortgage-modification program has enrolled one in five eligible homeowners, a sign the effort is gathering momentum after a slow start. But so far few of those trial modifications are turning into permanent fixes.
The Making Home Affordable program has begun trial modifications for more than 650,000 borrowers since it [...]
The Obama administration said Tuesday that its mortgage-modification program has enrolled one in five eligible homeowners, a sign the effort is gathering momentum after a slow start. But so far few of those trial modifications are turning into permanent fixes.
The Making Home Affordable program has begun trial modifications for more than 650,000 borrowers since it was launched in February, according to data released Tuesday by the Treasury Department. That amounts to 20% of those eligible for the program. More than 217,000 trial modifications, or roughly one-third, were under way in just two states: California and Florida.
Nov 11, 2009 | No Comments | Sean Mills
This is the growing trend among landlords to retain their existing tenants. Just like any business venture, it is cheaper to retain your customers than to acquire new ones. This is common sense yet so many landlords do not get it nor do the majority of smaller PM companies.-Sean
Amid the jobless recovery, some landlords are [...]
This is the growing trend among landlords to retain their existing tenants. Just like any business venture, it is cheaper to retain your customers than to acquire new ones. This is common sense yet so many landlords do not get it nor do the majority of smaller PM companies.-Sean
Amid the jobless recovery, some landlords are showering flat-screen TVs, cash, rent cuts and other incentives on tenants to encourage them to renew their apartment leases and thus avoid the expense of filling empty units.
UDRThe poor apartment-rental market has slowed new construction. Above, The Residences at Stadium Village in Surprise, Ariz., developed by UDR.
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Nov 11, 2009 | No Comments | Sean Mills
Funny thing is there is still a massive log jam of NOD/auction homes not making it to the market nor are they going back to the lenders. The % of postponed auction properties ranges from 91-95% depending on the city and county here in most southern California markets. How it will loosen up or when [...]
Funny thing is there is still a massive log jam of NOD/auction homes not making it to the market nor are they going back to the lenders. The % of postponed auction properties ranges from 91-95% depending on the city and county here in most southern California markets. How it will loosen up or when it will loosen up is anyone’s guess. There is a lot of speculation with individual and group investors buying to flip which makes me think “hey is that how we got here in the first place?” Unemployment at record levels, job loss still topping the daily news stories, national healthcare plan proposed..hey it is a great time to speculate.-Sean
Home prices continued to decline across the nation as sales of heavily discounted foreclosed properties weighed down the market.
Median prices of existing homes fell in 123 of 153 metropolitan areas during the third quarter compared with a year earlier, according to the National Association of Realtors. The national median price was $177,900, down 11.2% from the third quarter of 2008.
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