Sun Valley Idaho Real Estate Information & Real Estate Blog | Sun Valley Real Estate – Part 4

Local and Real Estate News

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MCLEAN, Va., May 26, 2011 /PRNewswire/ — Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows slower economic activity pushing fixed-rate mortgages slightly lower for the sixth consecutive week. The 30-year averaged 4.60 percent; the 15-year averaged 3.78 percent, marking new lows for 2011. News Facts 30-year …

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WASHINGTON -(Dow Jones)- Republicans in the U.S. House of Representatives are circulating legislation to raise the minimum down payment for loans backed by the Federal Housing Administration, the main source of mortgage money for first- time homebuyers. Currently, homeowners are able to take out FHA-backed loans with a minimum down payment of 3.5%. A draft …

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Your buyers have found the home of their dreams, started packing their stuff and have mentally moved in when suddenly a challenge arises that could put a serious wrench in the home buying process. In today’s market, finding the home is only the start of a transaction that can have many stumbling blocks along the …

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According to the “2010 Home Buyer and Seller Profile” visuals of properties for sale are increasingly useful to buyers as more buyers use the Internet in their process. Eighty-five percent of home buyers found photos very useful on websites. In addition, eighty-three percent of buyers found detailed information about the property very useful when …

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This past month I have been involved in 2 sales that involved “Bank Owned REOs” that had been winterized prior to my involvement. When scheduling a professional inspection I requested the water service be activated so the plumbing portion of the home could be inspected and discovered both homes had busted water pipes. Home inspections …

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Real estate mogul Donald Trump created Trump University promising students they’d learn the “insider” secrets of real estate and become his “next apprentice.” But a few former students are saying Trump’s courses fell short and were filled with “infomercials” disguised as educational classes that took advantage of people in “troubled economic times,” according to a …

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Stung by the crash of the housing market, some struggling homeowners are using a little known but increasingly popular provision of the bankruptcy code to eliminate second mortgages and avoid foreclosure. Statistics are hard to come by, but bankruptcy lawyers say the provision has been used effectively on hundreds, if not thousands, of cases in …

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Pick a price, any price for your home. Now wait. Eventually, someday, someone will probably be willing to pay you that price. The question is – Do you have the time or the desire to wait for that to happen or would you rather sell your home now for a reduced amount of money? Welcome …

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Celebrities often have slightly different priorities when shopping for a home than the average home buyer. Here are a few top items often found on their priority list when home-shopping, according to the Zillow Blog. Privacy. Most often a top priority, celebrities usually want a gated, secured home. “It’s a huge issue,” says Jade Mills, …

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Friday, May 6th, 2011, 9:56 am tandard & Poor’s expects about 320,000 new home sales and 470,000 housing starts this year — about half the historical average. James Fielding, a senior housing director at S&P, made that assessment in a video posted on the ratings agency website. This performance is running at half the historical …

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May 3 Reuters – A bill to create a new market for financing mortgages that would help wean the $10.6 trillion U.S. mortgage market off government support advanced in the House of Representatives on Tuesday. The House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises approved the legislation on a voice vote. The …

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To rent or to buy: what used to be a given – that you would buy a home as soon as you could afford to – has become an agonizing conundrum for many a would-be homebuyer, in the face of the housing market’s big bust and super-slow recovery. Low prices seem to create a wide-open …

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New York, April 26, 2011 – Data through February 2011, released today by S&P Indices for its S&P/Case-Shiller1 Home Price Indices, the leading measure of U.S. home prices, show prices for the 10- and 20-city composites are lower than a year ago but still slightly above their April 2009 bottom. The 10- City Composite fell …

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If you want to see how quickly you can ruin a great credit score, just skip a mortgage payment. Lenders use credit scores to measure how you handle debt. The number you’ll see most often is your FICO score. It runs from 300 to 850. The major credit reporting bureaus developed a rival, VantageScore, with …

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Foreclosures are still big news in real estate across the country. Most homeowners are looking forward to a day when foreclosures make up a much smaller share of the market. For now, however, 1 in 119 homes are in foreclosure. One in every 577 housing units received a foreclosure filing in the month of February. …

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