WASHINGTON – Oct. 31, 2012 – The home vacancy rate – based on the number of unoccupied properties and those for sale – shrank to 1.9 percent in the third quarter from 2.1 percent in the prior three-month period.
The Commerce Department cited increased demand for housing and some economic improvements for driving the rate to the lowest point in seven years.
WASHINGTON – Aug. 22, 2012 – The Federal Housing Finance Agency (FHFA) announced that short sales on homes under Fannie Mae and Freddie Mac would get easier after Nov. 1, 2012. It issued new guidelines that help homeowners hit by a financial hardship, moved by the military or held back by a home’s second mortgage.
LOS ANGELES — Real estate website Zillow has a provocative data point for every renter thinking about buying these days: That move pays off after just three years on average nationwide.
The company, which lists for-sale and for-rent information on its site, has released a new analysis of what it calls the “break-even horizon,” comparing what it would cost to buy or rent the same home in a number of U.S. markets over time.
SARASOTA – For the third straight month, distressed property filings in Southwest Florida in June were dominated by early stage foreclosures, suggesting that the pipeline of full-scale court proceedings by lenders will increase in the months ahead.