ARCHIVED BLOG POSTS
2013
Home prices maintained their upward trajectory, increasing 2% in the third quarter of 2013, making it the 9th consecutive quarterly price increase in the seasonally adjusted, purchase-only index, the Federal Housing Finance Agency House Price Index revealed Tuesday. This is the first time since 2...
11/27/2013
The January launch of the ability-to-repay rule and theassociated qualified-mortgage definition will raise the overall cost of originating home loans, with borrowers taking the brunt of the financial hit, Standard & Poor’s Rating Services said Tuesday. A few things won’t change, credit analyst Ja...
11/27/2013
The link below is the closed report for Vallejo and Benicia in 2013 and for the months of September and October. If you have any questions about this report feel free to contact Tim Garton Vallejo & Benicia Realtor at 707-315-5555. Or visit my website at www.propertyinvallejo.com. http://b...
11/26/2013
Residential property sales, including single-family homes, condominiums and townhomes, continue to rise, increasing to an estimated annualized pace of 5.649 million in October, a 2% hike from a month ago and an increase of 13% from October 2012, the latest RealtyTracResidential and Foreclosure Sa...
11/26/2013
A survey of real estate brokers’ attitudes toward national listing portals like Zillow, Trulia and realtor.com shows that while most don’t feel threatened by them, they’re not depending all that heavily on them for new business, either. The survey, by Bellevue, Wash.-based Imprev Inc., a provider...
11/26/2013
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LOS ANGELES (AP) — Fewer U.S. homeowners are falling behind on their mortgage payments, aided by rising home values, low interest rates and stable job gains. The trend brought down the national late-payment rate on home loans in the third quarter to a five-year low, credit reporting agency TransU...
11/25/2013
The foreclosure inventory rate is down almost 30% from last year and 26% from the beginning of 2013 as the housing market stabilizes and fewer homes fall into a state of distress, Lender Processing Services (LPS) said Friday. The company's First Look Mortgage Report from LPS found that the loan d...
11/25/2013
Despite a softening market, competition among buyers remained fairly fierce in October, Redfin reported in itsReal-Time Bidding Wars release for the month. Last month, 55.9 percent of offers written by the Seattle-based brokerage’s agents faced competition from other buyers, a decline from 58.3 p...
11/25/2013
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Home improvement store Home Depot (HD) released a much strong third-quarter earnings report, with the company’s sales increasing to $19.5 billion, up 7.4% from a year earlier. The company’s net earnings for the third-quarter reached $1.4 billion, or 95 cents a share, compared to $947 million, or ...
11/23/2013
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TIM GARTON
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