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Author Archives: Realty Check with Diana Olick
Empty Houses: Ownership Society Is Over
“The increase in the vacancy rates in principal cities continues to illustrate the hangover from the ‘ownership society’ supported by the Clinton and Bush administrations,” notes one analyst. Continue reading
Posted in Real Estate News
Tagged Bush Administrations, Empty Houses, Hangover, Ownership Society, Principal Cities, Vacancy Rates
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Nearly 11 Percent of US Houses Empty
Homeownership is falling at an alarming pace, despite the fact that home prices have fallen, affordability is much improved and inventories of new and existing homes are still running quite high. Continue reading
Posted in Real Estate News
Tagged Affordability, Alarming Pace, Homeownership, Houses, Inventories
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What’s Behind New Home Sales Surge?
From the last week in November, into December, the rate on the 30 year fixed mortgage surged more than half a percentage point, briefly touching 5 percent. That clearly had the effect of pushing some fence-sitters to the buy side, worried that rates mi… Continue reading
Posted in Real Estate News
Tagged 30 Year Fixed Mortgage, Briefly, Fence Sitters, Percentage Point, Year Fixed Mortgage
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The Next Robo-Signing Crisis?
It’s the next big shoe to drop in the robo-signing foreclosure scandal. Call it part two. Continue reading
How ‘Distressed’ Home Sales Are Fuzzing the Numbers
A new report today shows distressed sales, that is bank-owned properties and short sales, where the home is sold for less than the value of the mortgage, made up 47 percent of all home sales in December. That’s up from 44.5 percent in November. Continue reading
Beware the Shadow Office Space
Now that the office market appears to be taking a turn for the better, that shadow space will start to fill up, and in most places it will have to fill well before the company looks to take on additional space. Continue reading
Home Sales Rally Amid Mortgage Questions
Existing home sales took a huge and unexpected jump up in December. Not only was the seasonally adjusted monthly increase up over 12 percent, but the unadjusted number was even higher. The question of course now is, given that inventories always rise t… Continue reading
Posted in Real Estate News
Tagged Existing Home Sales, Inventories, Mortgage Questions, Rally, Time Of Year
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The Mortgage Industry’s Reputation Challenge
There is a “trust deficit” in the housing market today, according to FHA Commissioner Dave Stevens, speaking at a Mortgage Bankers Association conference on loan servicing in Washington DC today. Continue reading
Posted in Real Estate News
Tagged Fha, Housing Market, Loan Servicing, Mortgage Bankers Association, Mortgage Conference, Mortgage Industry, Reputation, Trust Deficit, Washington Dc
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