Trulia   heat map of Manhatten.
Real estate data geeks and curious consumers will have a lot more information to sort through on real estate search site Trulia.com after the company unveiled a handful of new tools. The San Francisco-based company is using its own search trends as well as county records to show home buyers which [...]
Author Archives: Inman News
Trulia Taps into Home-Search Stats
Dodging Disclosure in NY New York sellers would rather pay than divulge information about their home’s condition
Home sellers in New York are dodging a state mandated property disclosure law by opting to instead pay their sellers $500.
New York’s Property Condition Disclosure Act was enacted last year in an effort to better inform homebuyers about a property’s condition and curtail last minute discoveries that could derail the home sale transaction.
Under the law, [...]
How Dangerous is That Mold?
There has been a lot of coverage in the media recently on the subject of mold in buildings. You may have seen some of the more dramatic stories of horrendous mold growth, severe health problems, and even homes being intentionally burned to the ground, contents and all, as a last-resort solution to mold infestations.
Mold is [...]
Golden State Sets Record Home sales hot, median price tops $300,000
ales of existing homes in California increased 13.1 percent and the median home price rose 18.8 percent in March compared with the same period a year ago, according to the California Association of Realtors.
“Residential real estate is the ’sweet spot’ in California’s economy, and is a manifestation of consumers’ confidence,” said C.A.R. President Robert Bailey. [...]
Home Sales Volume, Median Price Go Up Year-Over-Year in February
Sales of existing single-family homes rose more than 5 percent and the median selling price was up nearly 12 percent in New York in February compared with February last year, according to the New York State Association of Realtors.
A total of 4,790 homes were sold, representing a 5.1 percent increase from the 4,556 homes sold [...]
Sellers Still Rule Hot Housing Markets
Sales of existing single-family homes slipped in February compared with January’s record pace, but remained at the second-highest level since record keeping began in 1968, according to the National Association of Realtors.
Resales of existing homes edged down 2.8 percent in February to a seasonally adjusted annualized rate of 5.88 million units from an upward-revised level [...]
Mixed Signals in Mortgage Stats
Mortgage delinquencies leveled off,
but foreclosures rose slightly in first quarter
From Inman News Features
The share of homeowners paying their mortgages late decreased while the percentage of mortgages in the foreclosure process rose in the first quarter, according to a survey conducted by the Mortgage Bankers Association of America.The delinquency rate for loans on one-to-four-unit properties declined [...]