Author: Franz Redl
Albuquerque NM FHA Loan Limits will change January 1, 2014: HUD announced Friday that the higher loan limits that were on a temporary extension will expire on December 31, 2013. The new loan limits will apply for case numbers assigned on and after January 1, 2014 through December 31, 2014. Read More
Albuquerque Mortgage Rates Climb Mortgage Rates Climb on Strengthening Economy Fixed-rate mortgages were on the rise this week, following a 25% monthly jump in new home sales and an improving job outlook report, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national averages for... Read More
Albuquerque NM Foreclosures and National Trends: U.S. Foreclosure Activity Increases 2 Percent in October Driven by Continued Rise in Judicial Foreclosure Auctions Foreclosure filings were reported on 133,919 U.S. properties in October, a 2 percent increase from the previous month but a 28 percent decrease from a year ago... Read More
Negative Home Equity Falls At Fastest Pace Ever In Third Quarter The number of underwater homeowners, those owing more on their home than it is worth, fell at its fastest pace ever in the third quarter, dropping to 21 percent of all homeowners with a mortgage, according... Read More
The new “Know Before You Owe” mortgage forms will replace existing federal disclosures The Consumer Financial Protection Bureau (CFPB) is issuing a rule Wednesday requiring lenders to use its disclosure templates to lay out mortgage terms for borrowers. The new Know Before You Owe mortgage forms will replace existing federal... Read More
Albuquerque NM Home Foreclosure Rates States Where Foreclosure Rates Remain High The foreclosure rate nationwide is dropping, but in certain pockets of the country, it’s still high. The areas experiencing the highest foreclosure rates tend to be judicial states, which are prone to delays in the foreclosure process... Read More
People who don’t believe in the housing recovery will no doubt ignore the latest proof of its strength. The National Association of Realtors (NAR) reported that most metro areas saw solid year-over-year price gains in the third quarter. The national median price posted its strongest annual growth in almost eight... Read More
Albuquerque NM Home Sales Report for October 2013 The Average Sales Price of detached single-family homes increased 2.6% from the previous year Sales of Albuquerque NM detached single-family homes rose 7.4% from the previous year Albuquerque NM Home Sales and Sales Prices are still climbing despite the National Trend of... Read More
Distressed Home Sales At Lowest Level Since 2008 Distressed homes – foreclosures and short sales – accounted for 14% of sales last month, up from 12% the month previous, which was the lowest share since monthly tracking began in October 2008. Distressed were down 41.67% year-over-year when distressed sale were... Read More
Albuquerque Foreclosure Market Trends and National Foreclosure Statistics FULL REPORT... Read More