By Inman News Editor’s note: Realtor.com’s “Top Turnaround Towns” list is compiled using an algorithm that considers year-over-year median price appreciation, drop in year-over-year age of inventory, reduction of inventory levels compared to a year ago and year-over-year changes in unemployment rate. All data, unless otherwise indicated, reflect analysis on a quarterly basis.
May 9th, 2012 | tmarchiol | 0 comments | ContinuedFeature Article #1
Home buying at most affordable level in decades
By Les Christie NEW YORK (CNNMoney) — Buying a home has reached its most affordable level in more than two decades. Nearly 78% of homes sold during the first quarter were affordable to those earning the national median income of $65,000, according to a report released Thursday by the National Association of Home Builders and [...]
Feature Article #2
Top 20 metros with biggest jumps in affordability
BY INMAN NEWS A U.S. housing affordability index compiled by the National Association of Realtors reached a record high in the first quarter. NAR’s affordability index gauges whether a median-income family could qualify for a conventional mortgage loan on a median-priced, existing single-family home. The index takes into account mortgage interest rates and assumes a [...]
Feature Article #3
Research Firm Says Real Estate Stabilizing
By Mike Colpitts Almost six years after the U.S. housing market began its collapse, one of the nation’s largest real estate research firms says the housing market is making strides towards stabilizing and may be close to a bottom of the market. CoreLogic analysts say the U.S. housing market “is transitioning to more stability in [...]
Feature Article #4
Arizona’s mortgage improvement fastest in U.S.
By Russ Wiles Delayed mortgage payments are decreasing faster in Arizona than in any other state, indicates a new report. Arizona delinquencies on past-due home loans fell by one-fourth over the 12 months ending in March, reports credit-researcher TransUnion. That gave Arizona the nation’s best delinquency-improvement rate, though the percentage of past-due home loans here [...]
Feature Article #5
Late payments on mortgages fall in first quarter of 2012
By Alex Veiga LOS ANGELES — The percentage of U.S. homeowners behind on their mortgage payments dropped in the first three months of this year to the lowest level since 2009, according to a new report. Some 5.78 percent of the nation’s mortgage holders were behind on their payments by 60 days or more in [...]
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TEAM Investments is the best client-focused, full-service Independent Real Estate firm in Arizona. We are dedicated to enhancing our client’s overall real estate investments and experience. As an Independent Real Estate Investment Firm, we strive to serve you in every aspect we can. Our services include a single family home division, a multi-family home division, a [...]
