Short sales have fallen sharply over the last few months after the expiration of a key tax break at the end of last year. Also, rising home prices have made lenders less likely to grant a short sale, The Wall Street Journal reports. Underwater Owners Refusing Short Sales
Study: Five Types of Distressed Homes Have the Deepest Discounts
The study by RealtyTrac analyzed residential property sales transactions for the year ending March 2014 to pinpoint the types of distressed properties that sell at the largest discounts, comparing factors like foreclosure status, occupancy status, equity and the year the home was built. 5 Types of Homes With Deepest Discounts
For Those Who Held On, Equity Has Returned
A new report shows that a borrower who bought a median-priced home in 2004 and held it for nine years – the average tenure in a home – would now have $28,114 in equity (including combined price appreciation and paying down mortgage principle). Home owners who purchased in 2006 and 2007 – during the peak of the market – are “nearly in positive equity” territory. For Those Who Held On, Equity Has Returned
The Rise of the Unsightly Home
For you real estate professionals out there, here are some great tips for selling an ugly home.
