Appearance may matter when it comes to selling homes, at least according to researchers in a newly-published study in an industry journal, Applied Financial Economics.
___________________________________________________________________________________
On average, home owners in foreclosure can stay in their homes for over a year before they are evicted.
____________________________________________________________________________________
15-Year Mortgage Rates Dive to Lowest on Record
The 15-year fixed-rate mortgage, often the top choice of home refinancers, reached a new all-time record low of 3.11 percent this week, Freddie Mac reports in this week’s mortgage market survey. The 30-year fixed-rate mortgage also sank lower this week, hovering near it’s all-time low.
____________________________________________________________________________________
The economy continues to show signs of strengthening, which could bode well for housing, according to the latest Federal Reserve survey, known as the “Beige Book.”
___________________________________________________________________________________
Investors are pouncing on foreclosure bargains and then turning the properties into money-making rentals, which has some drawing comparisons to a “Gold Rush” of sorts.
___________________________________________________________________________________