- U.S. negative equity rate falls to 19.4 percent of all homeowners with a mortgage in Q4 2013.
- 3.9 million U.S. homeowners freed in 2013, 9.8 million homeowners remain underwater.
- Las Vegas, Atlanta & Orlando have highest negative equity rates; San Jose, Austin & Houston have lowest rates.
- Slowing home value appreciation, diminished foreclosure activity among factors that could contribute to a slowdown in negative equity improvement.
SEATTLE, Feb. 28, 2014 /PRNewswire/ -- The national negative equity rate ended 2013 below 20 percent for the first time in yearsi, dipping to 19.4 percent of all homeowners with a mortgage, according to the fourth quarter Zillow® Negative Equity Reportii. Nationally, more than 9.8 million homeowners
Shopping for a mortgage? Before going the ordinary route, take some time to consider an FHA loan, which comes with a benefit that can be especially appealing at a time of rising interest rates: assumability.
In other words, when it comes time to sell your home, a potential buyer may qualify to simply take over your mortgage at today's relatively low interest rate rather than resorting to a new loan, minimizing your buyer's monthly payment. That could be a strong selling point if, at that time, new mortgages charged more. Assumability could make it easier to find a buyer, and perhaps to get a higher sales price.
Unfortunately, FHA loans carry some heavy upfront costs, which need to be weighed against the uncertain value of the assumability
Special Olympics Washington is hosting a “Dream House Raffle,” but it’s not clear the winner will actually get the house being offered.
The home being raffled by Special Olympics of Washington sits on Lake Sammamish and has a private dock and five bedrooms.
Raffle to benefit Special Olympians
In a high-profile raffle to benefit Washington’s Special Olympics athletes, some lucky person is going to win a $5 million waterfront mansion.
Make no mistake, the mansion is very real. It sits on 160 feet of Lake Sammamish shoreline with a private dock, five bedrooms, eight bathrooms and a home theater with eight overstuffed recliners that could be the ideal place to watch the Seahawks defend their NFL
The 5 Worst Things You Can Do Before Buying a Home
Cynics may scoff, but getting under contract on the right home can turn even the most stoic shopper into a bit of a dreamer. From paint colors to planting a garden, picturing yourself in that property is critical for many buyers.
But leave a little room for pragmatism. Remember that getting pre-approved for a mortgage and even under contract isn’t a guarantee. That prefix is there for a reason. Loan pre-approval is not loan approval.
You’ll have more hurdles to clear before a lender legally commits to funding your home loan. Buyers who don’t know any better can inadvertently add obstacles to that path — or even kill the entire deal —between contract and closing day.
Let’s check in again on the cheapest homes around Seattle proper. Here’s our methodology: I search the listings for the cheapest homes currently on the market, excluding short sales, in the city of Seattle proper. Any properties that are in obvious states of extreme disrepair based on listing photos and descriptions will be excluded. This includes any listing that uses the phrases “fixer,” “rehab loan,” or “value in land.” I post the top (bottom) three, along with some overall stats on the low end of the market.
Please note: These posts should not be construed to be an advertisement or endorsement of any specific home for sale. We are merely taking a brief snapshot of the market at a given time. Also, just because a home makes it onto the “cheapest”
Sixty-nine percent of consumers recently admitting to having a “home crush”—a property they liked so much they were drawn back to looking at it more than once online or in person, according to a new realtor.com® survey of 1,000 consumers. But men and women respond quite differently to these crushes, according to the survey.
For example, the survey found that women are more likely than men to have a crush on a home that was out of their financial league. Forty-one percent of women revealed their home crush is out of their price range, compared to only 30 percent of men who said the same.
Men were more likely than women to move from one home crush to another. Thirty-six percent of men surveyed say they find a new house crush weekly, compared to 29