Sun Valley Idaho Real Estate Information & Real Estate Blog | Sun Valley Real Estate – Part 5

Local and Real Estate News

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Washington, DC — Fannie Mae announced today that people purchasing a Fannie Mae-owned HomePath property will receive up to 3.5 percent in closing cost assistance. The initial offer must be submitted on or after April 11, 2011; and the sale must close on or before June 30, 2011 to be eligible for the incentive. Additionally, …

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Foreclosures continue to flood real estate markets across the country, and buyers are looking to cash in on what they view as some of the best real estate deals. But experts say that while some foreclosures are a great purchase, buyers need to be cautious before jumping in to make sure they really are getting …

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FOR RELEASE: Friday April 1, 2011 HUD No. 11-045 HUD APPROVES IDAHO’S $13 MILLION EMERGENCY HOME LOAN PROGRAM Idaho Housing & Finance Association is ready to take applications immediately WASHINGTON – U.S. Department of Housing and Urban Development HUD Secretary Shaun Donovan today approved the State of Idaho’s bid to administer HUD’s Emergency Homeowner Loan …

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Scott Pelley explains a bizarre aftershock of the U.S. financial collapse: An epidemic of forged and missing mortgage documents Do you know who really owns your mortgage? As Scott Pelley reports on “60 Minutes” this week, that question has become a nightmare for many homeowners since the invention of mortgage-backed securities. Yes, those were the …

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ONCE A COMMON home buyer’s dream, new homes have lost some of their appeal. Instead, it’s fixer-uppers and foreclosures that have been capturing buyers’ attention, creating a window of opportunity for those still looking for new construction. While the real estate market has struggled across the board, new homes have been hit harder than ever …

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Data released Tuesday morning by Standard & Poor’s show that home prices are continuing to trend downwards. The 10-city and 20-city composites of the S&P/Case-Shiller home price index fell 0.9 percent and 1.0 percent, respectively, in January 2011 when compared to the previous month. The 10-city composite is down 2.0 percent from its January 2010 …

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What Is a ‘Safe’ Mortgage? Later this month, the Federal Deposit Insurance Corp. will consider new rules that define what a safe or “qualified” residential mortgage is as part of the Dodd-Frank financial overhaul law. Experts say the classification will likely have broad sweeping effects on the mortgage market. The Dodd-Frank financial overhaul law, which …

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Fannie Mae has implemented a new policy that is very important. Since most lenders use FNMA’s guidelines this is an important change to be aware of. As of June 1, lenders are responsible for certifying the borrower’s monthly obligations have not increased from the time of the initial credit report through the closing date. This …

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You know Suze Orman – she delivers hardcore financial gut checks to everyday Americans on a regular basis. In her latest book, The Money Class, she also recently delivered a pretty striking declaration: that the American Dream – which, for many, includes home ownership and upward economic mobility – is as dead as a doornail. …

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Coming on the market within the next couple of days this 4 bedroom, 3 bath home I predict this home will sell within days of hitting the Sun Valley Multiple Listing Service. Over 2800 square feet located on picturesque corner lot in quality Hailey neighborhood this home is another bank owned property that’s priced for …

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Pricing is a critical element in offering a home for sale, and unfortunately it’s often done wrong. Sometimes that’s the agent’s fault, and sometimes it’s the homeowner’s. We’ll start with the agent. The sad truth is that some agents try to “buy listings” by promising homeowners unrealistic prices. They say they can get a higher …

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Fannie Mae, Freddie Mac and HUD all have programs designed to give individuals looking to buy a home as an owner-occupant a chance to purchase prior to allowing real estate investors to buy these REO properties. All programs are similar with links at the bottom of this page too the specifics of the various programs. …

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Mortgage applications for purchases rose to their highest level of the year last week, the Mortgage Bankers Association reports. Purchase applications for mortgages increased 12.5 percent from one week earlier, and on an unadjusted basis, purchase application activity is the highest since last May.“ An improving job market is beginning to pave the way for …

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Selling a home in today’s market is far different from selling a home just a few years ago. When things were booming and buyers were snapping up homes at ever-increasing prices, agents didn’t have to work very hard to bring you a buyer, and sellers didn’t have to work very hard to prepare their property …

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Bank Owned Properties also known as REOs. Listings are updated in “Real Time” as this interactive is directly linked to the Sun Valley Board of Realtors® listing database. Property es included Blaine County, Camas County, Custer County & Beyond Cities include Ketchum, Sun Valley, Elkhorn, Hailey, Bellevue, Carey, Fairfield, Stanley and more. Detailed …

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This interactive graph shows the total number of “Single Family” active listings, new listings, pending listings and sold listing for the past year that have a Hailey Idaho address. See the legend below for color designations. Roll your mouse over the graph to see inventory numbers

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