By PAUL VIGNA
The housing market has come out of its tailspin, lifted by falling home prices, low mortgage rates and an $8,000 federal tax credit offered to some first-time home buyers. But stability, to say nothing of strength, still looks a long way off.
The National Association of Realtors is expected to [...]
Wow, can you believe the NOD's? (Notice of defaults) for the week. Its almost like they saved them up just to dump them on the pile this week. Trying to clear their desks before school starts. Not sure what that means, I guess we just continue to watch them and see where it takes us. [...]
Cick here to see full report http://sites.google.com/a/schrenkerickson.com/acmr/home Jeremy Erickson(208) 991-3606 direct(208) 379-5717 fax
Posted via email from Jeremy R Erickson
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Ada County resale market report July 2009.xls (13 KB)
Nationally the distressed sales are averaging around 31% of all transactions. But if you focus in on some of the Florida, California, and Las Vegas markets you will [...]
I am loving what I am seeing in the NOD's and NOS's!, the defaults have been on a 5 week drop, we have come from the 140's down to the 40's (Notice of defaults per week) The NOS's for the week have dropped too, they were pretty high and this week the ended up at [...]
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Distressed Property Sales Rising Globally
The number of countries experiencing an increase in distressed sales of commercial property rose between April and June this year, and the trend looks set to continue into 2010.
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Posted via email from Jeremy R Erickson
If you have an iPone, and you own real estate or plan on purchasing in the future, you must get these apps!
Trulia and Zillow
They are free in the app store. They are location based services so they require gps capability. Check them out, they are very helpful in your real estate searches and basic [...]
Hi everybody I just got the reports on the NOS and NOD Lists for the week. I am excited to report that the Notice of Defaults have been on a decline over the past 4 weeks, I thought that was pretty exciting! Not sure if [...]
What is a Loan Modification?
A loan modification is much like a mortgage refinance in that the objective is to find you a more affordable mortgage payment for your financial situation. In fact, it is often called a modified refinance. The primary difference is that instead of looking for a “new” loan you will just simply [...]
This question comes up over and over again from Realtors, homeowners and home buyers everywhere I go.
A one sentence answer doesn’t exist for this question. If you truly want to know the answer to the question, “why” continue reading. This means you will have to take a step back from your particular emotional situation [...]