Lower prices and the strong Canadian dollar are encouraging one in five Canadians to buy U.S. property today, according to a new survey of by the Bank of Montreal. Read More »
Opportunities
Cash Deals Break the Bank
All-cash home sales are setting records in market after market around the country as investors account for a growing share of home purchases and individual buyers, especially first-time buyers, fade as mortgage rates rise and home buyer demand softens further. Read More »
Poor Condition of REOs Depresses Home Values
The quality, as well as the quantity, of many bank-owned properties in the REO inventory is creating a drag on home values because they are difficult to sell in today's market, Scott Sambucci, vice president of Altos Research, said yesterday in a Webinar for investors. Read More »
2011 Outlook: Stars Align for Buyers with Low Rates and Prices
Interest rates below 5 percent and prices bottoming out in the first half of the year will drive two of the three main ingredients for buyer affordability to cyclic lows next year, Freddie Mac's chief economist said yesterday. Read More »
Prices Fall on Move-in Properties, Rise on Fixer-uppers
Prices on homes ready to be occupied fell an average of 6.8 percent between May and June, but prices for damaged foreclosed properties increased by 5.9 percent during the same period. Read More »
Auctions Bid for Seventh Record Year
Gross revenue from residential real estate auctions have skyrocketed 49 percent over the past six years, an increase of $5.6 billion. Read More »
Micro Markets Shine in Gloomy Times
These days, it’s hard to find much to cheer about in the Case-Shiller top twenty or NAR’s quarterly metro market report. Yet far beneath the radar of the national or MSA level data, some folks are smiling. Read More »
The Last Great No-Down Loan
Thought no-down payment mortgages were a thing of the past?
Read More »Investment Opportunities
Top 15 Metropolitan Areas by Price Gain Read More »