A new study by Trulia chief economist Jed Kolko notes some interesting numbers for the housing market of the top ten "tech hubs" around the United States. Applying Census Data, Kolko created a "tech score" for each of the biggest 100 metro areas, equating "the share of local employment in the ... » Learn More about Has the Technology Rush Affected Home Prices?
Archives for 2014
More Buyers Show the Money at Closing
Twenty-nine percent of U.S. housing sales were from all-cash acquisitions in 2013-- with the percentage trending significantly higher in the second half of the year, according to RealtyTrac's December and Year-End 2013 U.S. Residential and Foreclosure Sales Report. About 32 percent of REALTORS ... » Learn More about More Buyers Show the Money at Closing
HELOC Payments Set To Increase For Many Borrowers
A swath of borrowers are set to experience a payment surprise in 2014 as payments attributed to a crop of home equity lines of credit (HELOCs) made through the housing boom will begin to rise suddenly, The New York Times reports. For several years, borrowers making monthly payments on about $30 ... » Learn More about HELOC Payments Set To Increase For Many Borrowers
Home Sellers Are More Positive
Home sellers are more positive about repurchasing a house than in the past few years, thanks to strong growth in home prices, record-low rate of interest, and better personal financial situations, based on the CALIFORNIA ASSOCIATION OF REALTORS. Beyond two-thirds (69 percent) of home ... » Learn More about Home Sellers Are More Positive
Foreclosure Rate Down To 2.5 % at Year-End
2013 saw "significant, sustained" developments in both delinquency and foreclosure numbers, which is based on Black Knight Financial Services (BKFS). The company's Data and Analytics division released its year-end Mortgage Monitor Report, which builds on its recently released "first-look" stats for ... » Learn More about Foreclosure Rate Down To 2.5 % at Year-End