Archive for category Real Estate Investment
While fewer borrowers are falling behind on their mortgages, more home equity loans are becoming delinquent.
Lenders initiated foreclosure action against 52,826 U.S. homes in November, down 10 percent from the previous month and a drop of 32 percent from November last year, according to new data from foreclosure listing firm RealtyTrac Inc.. Foreclosure starts increased last month on an annual basis in 15 states, including Pennsylvania, Delaware, Maryland and Oregon.
Seven $1 million homes will be featured, all with Main Street addresses. Which have the biggest bang for the buck?
Applications for U.S. home mortgages rose slightly last week after five consecutive weeks of declines.
New home sales could surge next year, but buyer demand will be hit head-on by changes reshaping the mortgage business.
Half of the 43 million renters in the U.S. now pay more than a third of their income to their landlords.
Rising rates, in addition to tighter underwriting and fast-rising home prices, have pushed borrowers to smaller lenders.
After delays due to the government shutdown and a large downward revision for August sales, gains aren't what they seem.