Home Equity Archives

October Existing-Home Sales Fall
By: manybanking.com Staff
The data came in 3.1% lower than the previous month, coming in under expectations.WASHINGTON (AP) -- A real estate trade group says sales of existing homes fell more than expected last month, as economic fears caused consumers to put their home purchases on hold. The National Association of Realtors said Monday that sales of existing homes fell 3.1% to a seasonally adjusted annual rate of 4.98 million in October, from a downwardly revised pace of 5.14 million in September. Read more»
New Home Starts Slow at Record Pace
By: manybanking.com Staff
A government report says construction of new homes plunged 4.5% last month to the lowest level on government records, as U.S. builders slashed production while Wall Street nosedived.By Alan Zibel WASHINGTON -- A government report says construction of new homes plunged 4.5% last month to the lowest level on government records, as U.S. builders slashed production while Wall Street nosedived. Read more»
First-Time Homebuyers Have an Edge
By: manybanking.com Staff
Despite the mortgage crisis, it's a great time to find a home.It's a great time to be a first-time homebuyer. Read more»
SoCal Home Sales Reach 2008 Record
By: manybanking.com Staff
A total of 21,532 new and resale houses and condos closed escrow in the six-county Southland in October -- the highest for any month this year.For more real estate news, please visit: DQNews.com. And check out sbup to compare mortgage rates. Read more»
Phoenix Home Sales Rise
By: manybanking.com Staff
Falling prices and rising foreclosures spur house buyers in Phoenix area. For more real estate news, please visit: DQNews.com. September sales of existing single-family houses in the Phoenix area jumped 85% above last year as prices fell and foreclosures rose to half of all resale transactions, a real estate information service reported. Read more»
Las Vegas Home Sales Double
By: manybanking.com Staff
Prices are down 31% and foreclosures account for 82% of resales.For more real estate news, please visit: DQNews.com. September sales of existing single-family houses in the Las Vegas region more than doubled from a year ago as the median price paid for those homes dove 31%. Foreclosures rose to 82% of all resales, a real estate information service reported. Read more»
Southland home sales up, prices down; foreclosures now half the market.By DQNews.com.) LA JOLLA, Calif. -- Southern California home sales shot up by an unprecedented 65% last month from the dismal, record lows of a year ago, when a credit crunch slammed the brakes on home financing. September sales also posted a rare gain over August as price cuts lured more buyers. Foreclosure resales rose to half of all transactions. Read more»
Consumers Lower Expectations on HELOCs
By: manybanking.com Staff
Customers are more satisfied with the process of getting a home-equity loan or line of credit than they were last year, but only because their expectations are much lower, according to a new survey. Read more»
How to Make Your Open House a Success
By: manybanking.com Staff
If you're trying to sell your house, especially in this market, you need to know how to make sure the open house is a success. Lance Mohr recalls an open house when he was helping an interested couple tour through the home. The owner, an elderly woman, walked with them and as Mohr showed off the nice-sized master bedroom to the potential buyers, the old woman looked wistfully through the doorway and said, "This is the room where my husband died." Read more»
Your house is worth only what someone else is willing to pay for it. All other estimates and appraisals are merely educated guesses. But in a volatile market even settling on a ballpark figure isn't always straightforward. Nationwide, housing prices are dropping rapidly, but not equally. Home prices in Jackson, Miss., plunged almost 17% in 2007, while prices in Yakima, Wash., swelled 18%, according to the National Association of Realtors. Read more»
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