Some Results Indicate Investors are NOT the Dominant Force 2013

A recent trend report from HousingPulse indicates that investors are NOT the driving force in the current housing surge.  Results from the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey actually show first-time homebuyers and current homeowners are leading the market in 2013.

This presence of non-investor homebuyers is strengthening the market for non-distressed properties.  The spring/summer season of 2013 should prove to be remarkably strong says the report.

HousingPulse's data indicates that the current homebuyers carry a 42.2% market share this past March.  This is down from the fall numbers, but overall up in the year-over-year statistics.

The media continues to gives credit to the investors for driving the recent heightened activity; however, their share according to the report indicates only 21.8% market share in March 2013.  While looking at non-distressed property trends, investor shares are even less at 13.3% for the same time frame.  Current homebuyers had 50% market share and first-time homebuyers 36.8%.

Looking at DISTRESSED property trends for the same report, HousingPulse indicates the share of home purchases fell to 35.6% in March but peaked at 36.2% in March.

*The Campbell/Inside Mortgage Finance HousingPulse Tracking Survey is based on a national survey of about 2000 real estate agents each month and provides up-to-date intelligence on home sales and mortgage usage patterns throughout the country.

Much of the country is seeing a lack of inventory in the non-distressed property segment, but with a strong sale market.  Additional factors contributing to the strength of the market, is the average time-on-market for non-distressed properties.  Numbers fell dramatically to 10.9 weeks on average, recorded the lowest since 2009 by HousingPulse.


Source: HousingPulse Update April 2013

Educate Yourself So YOU Don't Become a Victim!

For distressed homeowners in danger of losing their home, there are already a lot of problems. The last thing a homeowner in this situation needs is to fall victim to a scam. Unfortunately, people in this situation are often the most vulnerable to a kind of fraud called “mortgage relief fraud.”

 

Fraudsters will prey on people who are looking for a loan modification, short sale or other foreclosure alternative because these are the most common options for distressed homeowners.

 

There have been legal cases brought against many, but scammers always try to stay a step ahead of law enforcement. Even though many of them have been caught, there are still people who prey on vulnerable homeowners with too-good-to-be-true promises.

 

In fact, in a recent example highlighted in the New York Times, con artists told homeowners that they represented the bank and that the homeowners were already approved for a loan modification. Only after the homeowners paid thousands of dollars up front did the truth come to light.

 

Educate yourself so you don't fall victim!

 

 

Short Sale Incentives

 

 

 

 

Get cash to sell the home you can’t afford

Since the beginning of the housing crisis, millions of homeowners have found themselves pinned in by their financial circumstances and chained to a mortgage on which they owe more than their home is worth. In the past, homeowners enduring these challenges had very few options, and most would be forced to lose their home to foreclosure.

 

Today, however, there are more options. The government and the banks have created a multitude of programs and foreclosure alternatives that can help people in these circumstances find a dignified solution for their problems without crippling their financial future. These options include loan modifications, refinancing, or short sales.

The most amazing development in today’s market, however, is one simple fact: Banks are now willing to give cash to homeowners to sell the home they can’t afford.

 

Please contact me today if you or someone you know could use my help and wants the latest information about current incentives available to distressed homeowners.

Rob Sales

Prudential Southeast Coastal Properties

Associate Broker, CDPE Advance,
DPP, REO Specialist, CIAS
912-655-7674
www.smartshortsales.net

 

Recovery or Blimp in Housing Crisis?

As you can see it appears from the following graphs that things are starting to get better.  The big  question remains!!  Is this the start of the recovery or is just a blimp?  The issue is that the inventory of all price points appears to be diminishing in Coastal Georgia.  Additionally, there remains the “Phantom Inventory” that everyone continues to talk about.  Hopefully, we are at the bottom.  However, I believe we will remain at the current level until late fall of 2012.  Review all of the following graphs and make your own conclusion.  Let the numbers speak for themselves.