Monday, November 28, 2011
After years of real-estate pros holding all the informational cards in the home-sale game, Web-driven companies are reshuffling the deck, giving home shoppers and owners estimates of what almost any home is worth.
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http://online.wsj.com/article/SB10001424052970204554204577026131448329006.html?grcc=88888Z0&mod=WSJ_hpp_sections_personalfinance
Wednesday, November 23, 2011
The seasonally adjusted delinquency rate for mortgage loans on one-to-four-unit residential properties fell to 7.99 percent in the third quarter, according to data from the Mortgage Bankers Association’s (MBA) National Delinquency Survey. This is the lowest level recorded since the fourth quarter of 2008.
The third quarter seasonally adjusted rate of 7.99 percent is a decrease of 45 basis points from the second quarter of 2011, and a decrease of 114 basis points from one year ago. The non-seasonally adjusted delinquency rate increased nine basis points to 8.20 percent this quarter from 8.11 percent last quarter.
The percentage of loans on which foreclosure actions were started during the third quarter rose 12 basis points from last quarter, but were down 26 basis points from one year ago. The percentage of loans in the foreclosure process at the end of the third quarter was 4.43 percent, unchanged from the second quarter and four basis points higher than one year ago.
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Monday, November 21, 2011
In today’s shaky economy, many financial advisers are suggesting that homeowners wait to pay off their mortgage, and instead keep the cash available.
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http://www.nytimes.com/2011/11/13/realestate/mortgages-retiring-without-a-home-loan.html?_r=1&ref=realestate
Thursday, November 17, 2011
The September Mortgage Monitor report released by Lender Processing Services, Inc. continues to show significant differences between states that process foreclosures following a judicial vs. non-judicial foreclosure process.
Ranked by the percentage of loans that are non-current, seven of the top 10 states are judicial foreclosure states. Foreclosure inventories in these states continue to climb, accounting for nearly 7 percent of the entire active loan count. Additionally, foreclosure timelines in these states continue to extend at a greater rate than in non-judicial foreclosure states. The time from last payment to foreclosure sale in judicial states is 761 days, 6 months longer than in non-judicial states. Consequently, foreclosure sales in judicial foreclosure states remain very low, with only 1.6 percent of those states’ foreclosure inventories moving to sale.
Judicial foreclosures are processed through the courts, beginning with the lender filing a complaint and recording a notice of Lis Pendens. Non-judicial foreclosures are processed without court intervention, with the requirements for the foreclosure established by state statutes.
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Wednesday, November 16, 2011
El Dorado County Realtors, lenders and title companies support our community through Can Tree fund raising events. Can Tree stacking contest along with weekly raffles raise money for our local food bank and other charities through Realtor’s, Lenders and Title/Escrow Companies.
Today’s winner of the Can Tree Stacking Contest was Team Fidelity with Pete Dawson, Brodie Stephens and Rick Johnson. Congratulations and Thank You for supporting our community. 
The El Dorado County Association of REALTORS® has begun their annual CanTree Community Charities Drive. CanTree Community Charities is an an- nual event where the members of ED- CAR come together to raise money for some very worthwhile charity
groups. This year the following charities and organizations will benefit from money raised through the EDCAR CanTree Community Charities:
Food Bank of El Dorado County Family Connections Upper Room United Outreach
Partners in Care Women’s Center
Additional information regarding all these organizations can be found on the EDCAR website at www.edcar.org.
Monday, November 14, 2011
Consumers currently home shopping or planning to refinance, need to decide on a specific mortgage program and do research to decide which will be the best fit for their situation.
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http://www.mercurynews.com/real-estate/ci_19249844
Wednesday, November 9, 2011
The national vacancy rate for homeowner housing was at 2.5 percent in the second quarter, according to the Dept. of Commerce’s Census Bureau. The rate was approximately the same as that of second quarter 2010 and 0.1 percentage points lower than the rate in the first quarter.The homeownership rate of 65.9 percent was 1 percentage point lower than the second quarter 2010 rate (66.9 percent) and 0.5 percentage points lower than the rate in the previous quarter (66.4 percent).Approximately 85.7 percent of the housing units nationwide were occupied and 14.3 percent were vacant in the second quarter 2011. Owner-occupied housing units made up 56.5 percent of total housing units, while renter-occupied units made up 29.2 percent of the inventory in the second quarter of 2011. Vacant year-round units comprised 10.8 percent of total housing units, while 3.5 percent were for seasonal use.More info
Monday, November 7, 2011
A large-scale review of foreclosures that occurred in 2009 and 2010 began on Tuesday with federal regulators mailing letters to potential victims.
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http://lat.ms/sliJ7l
Wednesday, November 2, 2011
Construction spending increased 0.2 percent in September to a seasonally adjusted annual rate of $787.2 billion, the U.S. Census Bureau of the Dept. of Commerce reported yesterday. The September figure is 1.3 percent below the September 2010 estimate of $797.3 billion.Residential construction rose 0.9 percent to a seasonally adjusted annual rate of $228.3 billion in September compared with August. More info
