Nenita Dasalla- Single Family Residence Real Estate Sales Consultant » United States

New home sales rise year-over-year in March

Nenita Dasalla — Tue, 15 May 2012 04:10:57 +0000

Los Angeles Times

The pace of new home sales in March was up 7.5 percent from a year earlier, the Census Bureau and the Dept. of Housing and Urban Development reported this week.
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http://www.latimes.com/business/money/la-fi-mo-new-home-sales-20120424,0,1201517.story?track=rss

Housing downturn spurs a boom in foreclosure-to-rental conversions

Nenita Dasalla — Wed, 09 May 2012 02:07:30 +0000

The Washington Post

With home prices at historic lows and rental rates on the rise, a growing number of investors with cash to spare are seeking lucrative returns by gobbling up foreclosures in distressed markets across the country and turning them into rentals.

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http://www.washingtonpost.com/business/economy/housing-downturn-spurs-a-boom-in-foreclosure-to-rental-conversions/2012/04/24/gIQAFWUZeT_story.html?hpid=z2

Low-ball offers decline in some housing markets

Nenita Dasalla — Tue, 01 May 2012 00:04:56 +0000

Los Angeles Times
A year ago, 1 out of 10 REALTORS® surveyed said houses were receiving low-ball offers. In the latest survey, there were hardly any. Instead, the focus ha shifted to declining inventory levels.

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http://www.latimes.com/business/realestate/la-fi-harney-20120422,0,7259627.story

U.S. may require banks to provide more information on mortgages

Nenita Dasalla — Mon, 16 Apr 2012 23:55:25 +0000

The Los Angeles Times
The Consumer Financial Protection Bureau is considering tough rules for home loan servicers, including more easily understood statements and warnings before interest rate changes.

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http://www.latimes.com/business/la-fi-bank-rules-20120410,0,7307695.story

Consumer attitudes toward home buying shift

Nenita Dasalla — Fri, 13 Apr 2012 02:55:04 +0000

More consumers may be looking to purchase homes with a shift in several key housing market indicators, according to Fannie Mae’s March 2012 consumer attitudinal National Housing Survey. More Americans now expect both home rental and home purchase prices to increase over the next year. Nearly half of consumers expect higher rental prices, the highest number recorded since monthly tracking began in June 2010. These trends may be providing Americans with an increased sense of urgency to buy a home as 73 percent of Americans now believe it is a good time to buy a home, up from 70 percent in February.

Highlights of the survey include:
Thirty-three percent of respondents expect home prices to increase over the next 12 months, a five percentage point increase from last month, the highest level over the past 12 months.
On average, Americans expect home prices to increase by 0.9 percent over the next 12 months (up slightly since last month).
Thirty-nine percent of Americans say that mortgage rates will go up in the next 12 months, a five percentage point increase from last month.
On average, respondents expect home rental prices to increase by 4.1 percent over the next 12 months, a significant increase since February, and the highest number recorded to date.
Forty-eight percent of respondents think that home rental prices will go up, a three percentage point increase from last month and the highest number recorded to date.
Sixty-six percent of respondents say they would buy their next home if they were going to move, up one point since last month, while 30 percent say they would rent, up one point versus last month.

http://www.fanniemae.com/portal/about-us/media/corporate-news/2012/5690.html