Foreclosure filings are continuing to fall, dropping 2 percent in the first quarter of this year compared to the previous quarter and are down 16 percent compared to the same time last year, RealtyTrac reports in its latest report.
___________________________________________________________________________________
The average amount of mortgages being approved by lenders has grown in the last three months from $215,000 to $235,000 — a possible sign of increased buyer and lender confidence, according to analysts at Capital Economics.
___________________________________________________________________________________
A “hardest hit” fund to help 18 states that were most battered in the mortgage crisis isn’t meeting its goals of helping underwater home owners, according to a report by the Special Inspector General for the Troubled Asset Relief Program (TARP).
___________________________________________________________________________________
A Great Falls, Mont., man was sentenced to 75 years in prison after pleading guilty to sexually assaulting a real estate agent last spring while he posed as a buyer as the agent showed him a home.
____________________________________________________________________________________
While the supply of homes has decreased from a 8.6-month supply to a 6.4-month supply in the last year, some home owners are still seeing their home linger on the market.
____________________________________________________________________________________
With the April 17 tax deadline less than a week away, your clients still have time to take advantage of the valuable tax benefits home ownership affords. The National Association of REALTORS®’ consumer site, HouseLogic.com, can help.
____________________________________________________________________________________