Jul 23
According to Jacksonville-based Lender Processing Services’ (NYSE: LPS) First Look Report for June 2011, loan delinquencies uptick 2.4% in June, but still below the same period last year.
LPS derives their data from a loan-level database of nearly 40 million mortgage loans across the U.S.
Here are key highlights from their First Look Report for June:
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Tags: June, Rates Foreclosure
Jul 22
Consumers in search of information about their local housing market are making national, third-party sites like Zillow and Trulia their first stop — even though the websites of real estate brokers and agents who once served as the gatekeepers of such knowledge often have more complete listings data.
Industry watchers say third-party publishers often do a better job meeting consumers’ seemingly insatiable demand for information by “mashing up” listing data, public property records, automated home valuations, market intelligence and even user-generated content like agent ratings and advice.
Third-party publishers have fostered innovation and helped bring the real estate industry — sometimes kicking and screaming — into the Internet age.
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Tags: Estate, Real Estate
Jul 22
Because Miami’s prior decade of excessive condo building was something akin to a multi-year sporting event watched and followed by millions around the world, today’s condo environment can now be summed up in three words: “Game On, Again!”
But the game is much different now.
Unlike the prior condo boom, fueled by thousands of U.S. consumers and condo speculators using 90% to 100% leverage to finance their purchases, today’s buyers are mainly foreigners – and they buy in cash.
The National Association of Realtors (NAR) reports that the total residential international sales in the U.S. for the past year ending March 2011 equaled $82 billion, up from $66 billion in 2010. Read all post…
Tags: Condo, Condo Boom