Foreclosures have been in a falling pattern over the past year, with completed foreclosures now at the lowest level since the Great Recession began in 2007.
___________________________________________________________________________________
“Higher inventory levels are giving buyers more choices, and a slight decline in mortgage interest rates this spring is raising prospective home buyers’ confidence,” says NAR’s chief economist.
___________________________________________________________________________________
Mortgage giant Fannie Mae announced that new functionality on its website provides real estate professionals with a way to contact Fannie Mae more quickly in the short sale process, and pre-empt any potential challenges that could cause problems down the road.
___________________________________________________________________________________
Mortgage rates inched down for the fifth consecutive week, lowering borrowing costs for home shoppers.
___________________________________________________________________________________
“Buying near the beach is one of the best ways to ensure a property will appreciate in value,” says a spokesperson for RealtyTrac, which compiled the list of top beach-town housing markets.
____________________________________________________________________________________