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:

  • Total U.S.

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Tags: June, Rates Foreclosure

Jul 23

32 AMESBURY DR., TORONTO

ASKING PRICE $419,000

SELLING PRICE $417,000

PREVIOUS SELLING PRICE $12,950 (1952)

TAXES $2,858 (2011)

DAYS ON THE MARKET Four

LISTING AGENT Mario Lunardo, Spectrum Realty Services Inc.

The Action: A public open house for this 1½-storey residence brought in 22 parties, including builders hoping to construct a newer and larger version, much like the million-dollar properties popping up in the Amesbury community, agent Mario Lunardo says.

While some homes spend up to a month on the market, this one sold within days to buyers eager to reside there.

What They Got: A 50- by 124-foot piece of land was arranged so this three-bedroom house is surrounded by a deep front lawn, open backyard, private driveway and detached garage.

The sellers – and original owners – kept the property’s layout intact, including the one bathroom upstairs and a kitchen with a walkout to a large deck.

Hardwood floors appear in the fireside living room and dining room, along with a small bedroom on the main floor and two larger bedrooms on an upper level.

Amenities nearby include schools, a plaza and public transit, plus a library, community centre and sports facilities at Amesbury Park.

The Agent’s Take: “The house is situated on a large 50-foot frontage lot – with mature trees – in a great area,” Mr. Lunardo says. “T

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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…

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Tags: Condo, Condo Boom

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