June 2014

Found 14 blog entries for June 2014.

Looking Up

                   

According to Reuters foreclosure activity across the United States dropped to an eight-year low in May as banks reclaimed fewer homes and foreclosure starts saw their lowest levels in years, RealtyTrac said in a report on June 10.

RealtyTrac, which tracks and maintains housing market data, said 109,824 properties across the country were at some stage of the foreclosure process in May. That marked a 5% decline from April and left foreclosure activity—foreclosure notices, scheduled auctions and bank repossessions—26% below the level one year-ago.

May was the 44th consecutive month foreclosure activity was down on an annual basis, a sign of the housing market's steady progress toward recovery.


1,155 Views, 2 Comments

Make Sure Your Front Yard is Well Maintained

Your front yard is one of the first thing that buyers notice. If it's rugged, messy and unkempt, buyers will take one look and then keep on driving to the next property on their list. Don't let that happen by making your front yard luscious and as amazing as the inside of your home.

To help you create and maintain an attractive front yard, here are the steps you should consider:

1. Cut the grass.

Buyers don't want to plod through high grass. Make sure to mow your lawn at least once a week, keeping it trimmed and maintained. It also needs to be green so it looks alive and lush. Water it  plentiful so the sun doesn't dry out the lawn and turn it yellow or brown.A professional landscaper can help

1,634 Views, 5 Comments

Take the Risk?

The Mortgage Bankers Association reports that only about 1 of every 10 home mortgages being written today have an adjustable interest rate. A combination of negative press on adjustable-rate mortgages and a common belief that interest rates are bound to start rising in the near future has borrowers being extremely cautious.

But risks are worth taking when the benefits are large and the downside is known and manageable. This is the case for hybrid ARMs that have a fixed-rate period of some years at the beginning, before annual rate adjustments kick in. It seems too many borrowers are taking fixed-rate mortgages as the easier path without considering whether an ARM might serve them better. Prospective borrowers should consider

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Homeowners Armed with Knowledge Program

First-time home buyers willing to spend a few hours attending a class to learn the ropes of home-ownership, from applying for a mortgage to choosing a contractor for a kitchen remodel will be offered a discount on their home loan.

The Homeowners Armed with Knowledge program, or HAWK, was announced by the Federal Housing Administration last month as a way for homebuyers to cut their mortgage insurance premium costs by attending housing counseling classes. The idea is that the more borrowers understand about home-ownership, the less likely they are to default on their loans, reducing the risk for FHA.

After two years with no delinquent payments, the homeowner qualifies for another discount. Borrowers who take the

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Family is Growing

Kourtney Kardashian and Scott Disick, have sold their designer house in Calabasas, CA. Kourtney Kardashian and Scott Disick quietly listed the chic property for $3.499 million back in January, but made a lot of noise the following month when news broke that they had purchased the sprawling mansion-estate of retired NFL player Keyshawn Johnson.

According to the Los Angeles Times, Kardashian and Disick have now parted ways with their “boldly decorated home,” selling the property for more than $500,000 below their original asking price of $2.975 million. Records show they originally paid $1.7 million for the house in 2010.

Built in 2004, the East Coast Traditional offers a comfortable four bedrooms and four full bathrooms.

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A Sad Reality of the Wealthy

The rich are different from you and me. Old money is inherited money. New money, the New Rich, is self-made money. It includes company founders with equity fortunes, and top CEOs with mega salaries, bonuses and stock options. Together, Old Money and New Money people make up the richest 1% in the U.S., The Ultra-Rich. The wealth of the New Rich is growing faster than the Old Money. The inherited money, the Old Money, makes up only 9% of the net worth of the Ultra-Rich and, as a percentage of their money from their businesses and stocks. And the new rich area growing richer. In 1985 there were only 13 billionaires in the world.  Now, there are more than 400.  

Many people dream of someday making enough money to be able

810 Views, 3 Comments

How Did it Come to This?

Ford, General Motors and Chrysler will donate a combined $26 million as part of a so-called grand bargain that would keep the Detroit Institute of Arts off the auction block, the Institute said Monday. Ford and General Motors each have committed to $10 million and Chrysler $6 million to help the DIA raise its $100-million share of the grand bargain fund, according to several sources familiar with the deal. Blue Cross Blue Shield of Michigan also is considering a contribution, along with several national foundations, including Los Angeles-based Getty Foundation, the source said.

It's not really a secret that the city of Detroit is in lots of money trouble. Even with an emergency manager working to guide it

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Great Deal on Single Family Home

  • Single-Family Home
  • 3 bd
  • 2.5 ba
  • 1,795 sqft

This recently constructed 3 bedroom colonial is a must see. This house has an oversized great room, recessed lighting and 9 foot ceilings that opens to the dining room and kitchen area, this home is perfect for entertaining. Kitchen island with sink, pristine hardwood floors and fresh paint are just a few small touches that add to the charm of this home. First floor master suite offers convenient walk in closet and oversized stand up shower with bench seating. Oversized fenced lot around a beautiful back yard with a covered patio connected to the house, perfect for entertaining. This house is also, within close proximity to expressways, family

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 Kutcher's New Chapter

Ashton Kutcher, is reportedly selling his Hollywood Hills pad quietly for $12 million. The Two and a Half Men actor only owned the Jeffrey-and-Rochelle-Mills-designed house for two years, according  to "RealtyToday.com" : he initially thought about buying the hilltop estate, butended up renting it back in late 2011 for the insane price of $50,000 a month. When a then-house-hunting Justin Bieber started looking around the property, Kutcher got territorial and bought the place for around $8.5 million

But, now Kutcher and fiancé, and fellow actress, Mila Kunis are expecting their first child together later this year and decided to put his bachelor pad up for sale.  The incredible three-story 9,385 square foot house is

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Not Financially Stable

Just 36% of Americans under the age of 35 own a home, according to the Census Bureau. That's down from 42% in 2007 and the lowest level since 1982, when the agency began tracking homeownership by age.The recent rhetoric is all the same: Millennials just aren’t cutting it financially. They aren’t saving enough to buy a home -- and yet they think they're entitled to. Making it even more difficult are the heavy student loan many college grads owe.

"Our problem is an obvious one -- debt," said Mike Kennedy, a 32-year-old marketing director who lives in Northboro, Mass. "My wife just graduated with her master's and I'm still paying off mine." Even without the $50,000 in student loan debt they owe, affording a home in their town

749 Views, 2 Comments