Monday, January 27, 2014
Thinking About Moving or Relocating
Thinking about relocating check out Exit Inland Realty's New Video
Tuesday, January 21, 2014
FORECLOSURE INVENTORY DOWN FROM YEAR AGO
Foreclosure Inventory Down From Year Ago
CoreLogic recently released its November National Foreclosure Report, which said there were 46,000 completed foreclosures nationwide in November 2013, down from 64,000 in November 2012, a year-over-year decrease of 29 percent. On a month-over-month basis, completed foreclosures decreased 8.3 percent, from 50,000 in October 2013.
CoreLogic recently released its November National Foreclosure Report, which said there were 46,000 completed foreclosures nationwide in November 2013, down from 64,000 in November 2012, a year-over-year decrease of 29 percent. On a month-over-month basis, completed foreclosures decreased 8.3 percent, from 50,000 in October 2013.
Completed foreclosures are an indication of the total number of homes actually lost to foreclosure. As a basis of comparison to the 46,000 completed foreclosures reported for November 2013, completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006 before the decline in the housing market in 2007. Since the financial crisis began in September 2008, there have been approximately 4.7 million completed foreclosures across the country.
As of November 2013, approximately 812,000 homes in the United States were in some stage of foreclosure, known as the foreclosure inventory, compared to 1.2 million in November 2012, a year-over-year decrease of 34 percent. Month over month, the foreclosure inventory was down 4.6 percent from October 2013 to November 2013. The foreclosure inventory as of November 2013 represented 2.1 percent of all homes with a mortgage compared to 3 percent in November 2012.
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Thursday, January 16, 2014
Home Sellers Have Confidence To Repurchase
Home sellers have confidence to repurchase
Home sellers are more optimistic about repurchasing a home than in the past few years, thanks to strong growth in home prices, record-low interest rates, and better personal financial situations, according to C.A.R.’s “2013 California Home Sellers Survey.”
More than two-thirds (69 percent) of home sellers purchased a home after selling their previous residence, up from nearly half (47 percent) in 2012, and from only 12 percent in 2011.
Nearly half of sellers (43 percent) believe that home prices will rise in one year, compared to just 9 percent in 2012, and nearly three of five sellers (58 percent) believe home prices will increase in five years, up from 12 percent in 2012.
Additional findings from C.A.R.’s 2013 California Home Sellers Survey include:
Home sellers are more optimistic about repurchasing a home than in the past few years, thanks to strong growth in home prices, record-low interest rates, and better personal financial situations, according to C.A.R.’s “2013 California Home Sellers Survey.”
More than two-thirds (69 percent) of home sellers purchased a home after selling their previous residence, up from nearly half (47 percent) in 2012, and from only 12 percent in 2011.
Nearly half of sellers (43 percent) believe that home prices will rise in one year, compared to just 9 percent in 2012, and nearly three of five sellers (58 percent) believe home prices will increase in five years, up from 12 percent in 2012.
Additional findings from C.A.R.’s 2013 California Home Sellers Survey include:
- The reasons for selling changed significantly in just one year. In 2012, the majority of sellers sold primarily because of financial difficulties, but as home prices surged, a desire to trade up became the top reason for selling in 2013. Others wanted to take advantage of low interest rates to finance their next home, and some sellers believed the price of their home had peaked and wanted to cash out.
- The Internet continued to be the most common resource for sellers to find an agent, with 51 percent of sellers finding their agent online. One-fourth of sellers used the agent with whom they had previously worked, up significantly from just 3 percent in 2012.
- Website listings were an integral part of the selling process, with more than two-thirds of sellers finding Realtor.com as the most important website in the selling process.
Obama Administration Releases December Housing Scorecard
The U.S. Dept. of Housing and Urban Development (HUD) and the U.S. Dept. of the Treasury have released the December edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among many key indicators. Home values continue to rise, contributing to both an increase in homeowners’ equity and a decline in underwater borrowers. While there is much good news in this scorecard, officials caution that the overall recovery remains fragile.
The December Housing Scorecard features other key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including:
The U.S. Dept. of Housing and Urban Development (HUD) and the U.S. Dept. of the Treasury have released the December edition of the Obama Administration's Housing Scorecard – a comprehensive report on the nation’s housing market. The latest data show progress among many key indicators. Home values continue to rise, contributing to both an increase in homeowners’ equity and a decline in underwater borrowers. While there is much good news in this scorecard, officials caution that the overall recovery remains fragile.
The December Housing Scorecard features other key data on the health of the housing market and the impact of the Administration’s foreclosure prevention programs, including:
- As of October 2013, the Federal Housing Finance Agency (FHFA) purchase-only index rose 8.2 percent from last year and ticked up 0.5 percent (seasonally adjusted) from September, showing that home values are now on par with prices in early 2005. The S&P/Case-Shiller 20-City Home Price Index for October posted returns of 13.6 percent over the past 12 months and was up 0.2 percent (not seasonally adjusted) over September, indicating that home values are at the same level as in mid-2004.
- Over 1.9 million homeowner assistance actions have taken place through the Making Home Affordable Program, including more than 1.2 million permanent modifications through the Home Affordable Modification Program (HAMP), while the Federal Housing Administration (FHA) has offered more than 2.1 million loss mitigation and early delinquency interventions through November. The Administration’s programs continue to encourage improved standards and processes in the industry, with HOPE Now lenders offering families and individuals more than 3.9 million proprietary modifications through October.
Fast Facts
Calif. median home price:November 2013:
- California: $422,210
- Calif. highest median home price by region/county November 2013: Marin, $942,070
- Calif. lowest median home price by region/county November 2013: Del Norte, $135,000
Calif. Pending Home Sales Index:
November 2013: Decreased 13.6 percent from 108.6 in October to 93.8 in November.
Calif. Traditional Housing Affordability Index: Third Quarter 2013: 32 percent (Source: C.A.R.)
Mortgage rates: Week ending 1/9/2014 (Source: Freddie Mac)
November 2013: Decreased 13.6 percent from 108.6 in October to 93.8 in November.
Calif. Traditional Housing Affordability Index: Third Quarter 2013: 32 percent (Source: C.A.R.)
Mortgage rates: Week ending 1/9/2014 (Source: Freddie Mac)
- 30-yr. fixed: 4.51% fees/points: 0.7%
- 15-yr. fixed: 3.56% fees/points: 0.6%
- 1-yr. adjustable: 2.56% Fees/points: 0.5%
Randy E. Guth
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com
1450 University Ave. Suite F2 Riverside, CA 92507 Ph 951-300-1010 Fax 951-300-1021 Cell 951-347-9773 Rguth@exitgmw.com
For a short video on the EXIT story please go towww.ExitRealty.com <http://www.exitrealty.com/> and click 'Up Close and Personal with EXIT'
Thursday, January 2, 2014
Thinking About a Short Sale?
Thinking about Short Sale? (Exit Realty Riverside, CA)
0BR house
Dear Home Owner
We're contacting you because we have a new program that could be right for you. Don't lose hope -- you have options that may help you avoid foreclosure and make a fresh start.
You may be able to owe nothing more on your mortgage and get $20,000 after you sell your home!
We would like to talk with you about the possibility of selling your home for less than the amount you owe. If we agree on a lower sale price and a few other terms and you sell your house for that amount before foreclosure, you will get $20,000.
After your home is sold through this program you will not owe any future payments for this mortgage. This program also may allow you to stay in your home while it is for sale. Plus, after you sell your house, you can use the $20,000 to pay expenses, including moving to a new home.
Avoiding foreclosure is possible.
Call us today at 1-951-300-1010 Ask for Randy E. Guth
Randy Guth, Owner / President
Randy Guth, Owner / President of EXIT Inland Realty, has been in the real estate business for over 12 years. A short sale and investment expert, Randy specializes in the purchase and sale of distressed properties. His expertise is of great benefit to his clients and his agents. He is passionate about helping his agents develop their skill sand master every aspect of the real estate business ensuring all of his firm's clients receive the level of service he would provide himself.
As a Franchisee, Randy is committed to providing his agents with efficient systems, leadership, training, and fostering a high-energy motivational atmosphere. The success of his agents is his success, and nothing makes him happier than to see his team succeed. He takes his responsibility as a leader seriously and has become one of the best trained in the business. He has completed training in every aspect of the business with some of the industry's leading REALTORS®, Brokers, and best known Trainers. He is equipped with the expert knowledge to guide and coach his agents in any specialty they wish to develop, and to assist his clients in all of their real estate endeavors.
RIVERSIDE CA -- EXIT INLAND REALTY
Because buying and selling a home is a big decision, Exit Inland Realty in Riverside, CA is your real estate source for Riverside, Canyon Crest, the Wood Streets and the University of California (UCR) area. You will have step-by-step guidance to make the buying/selling process as smooth as possible. Call us today at: 951-300-1010. You are our #1 priority. Please give us the opportunity to prove it!
http://youtu.be/QG3m1fEtPRk
Post URL: http://webhosts.ihouseelite.com/Web/AR432688/Blog/post/?post_id=35721
Tags: Riverside California real estate, Riverside California foreclosures, Riverisdee California repos
- Location: Exit Realty Riverside, CA
- do NOT contact me with unsolicited services or offers
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