Foreclosures at a new low; will it stick?

Foreclosures: “Black Knight Financial Services released its “First Look” at May Mortgage data, which found that foreclosure inventory declined to its lowest level since July 2008. As a percentage of total inventory, foreclosure pre-sale inventory is 1.91 percent, down 5.56 percent month-over month. The percentage of total U.S. foreclosure pre-sale inventory is down 37.23 percent…

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Cash Sales and a return to Tradition?

Cash sales: “Cash’s grip on the housing market loosened during the first quarter as investors pulled back and more traditional buyers waded into the market, according to a new report from Zillow.” Surprisingly, over 75 percent of low-end home sales in some of the nation’s biggest and most populous cities were transferred as cash deals. However, even…

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Damaged Home? Guarantee your insurance!

Damaged home: “Tornadoes. Hurricanes. Wildfires. Over the past decade, insurance companies have paid more than $450 billion in property damages to policyholders.” As you can see from this Les Christie quotation, American insurance companies have dished out loads of money to retroactively support victims of various natural disasters, which have occurred numerously within the last…

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Mortgage Rates at a Low – Mortgages

“Mortgage rates fell last week, and in an unusual convergence, so did applications for refinances and home purchase loans. The average interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.26 percent from 4.31 percent, according to the Mortgage Bankers Association. Interest rates on jumbo and federally insured FHA…

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