Posts From November 2007
Foreclosures and Trulia
Sunday, November 25th 2007
We have seen recently ( having dabbled in foreclosures ourselves) that many foreclosed homes are being marketed by agents. That being said you can of course, view them on our site. However, there are still some foreclosed homes and pre-foreclosure homes that are not listed. www.realtytrac.com is a great tool to view these properties. Now, www.trulia.com has partnered with realtytrac and they list them as well. We have seen an upswing in foreclosures locally, but our area has a relatively low forclosure rate. below is the article from www.inman.com on Trulia's new partnership. Happy hunting.
Partners with RealtyTrac for basic property information
Friday, November 23, 2007
Inman News
Real estate search site Trulia.com is adding foreclosure properties to its index of more than 2 million homes for sale.
The San Francisco-based company has partnered with RealtyTrac to add more than 400,000 foreclosure properties to its index.
Foreclosures have become a hot topic as the number of properties going through the process has ballooned in recent months due to a slowing real estate market and resetting interest rates that are putting some borrowers in distress.
Consumers visiting Trulia will be able to search foreclosure properties at the state, city and neighborhood level, and compare property prices against average listing price, average sales price where available, and average price per square foot for properties in a specific region.
Trulia will provide basic foreclosure information for free, but consumers looking to access RealtyTrac's national database that includes full information for each foreclosure property will need to register with RealtyTrac for a monthly subscription.
Mortgage rates
Sunday, November 4th 2007
Mortgage Rates Drop to Five-Month Lows Mortgage rates have fallen to lows not seen in five months, according to the latest weekly report from Freddie Mac. The average interest for 30-year fixed loans was 6.26 percent, compared to 6.33 percent a week ago; and this was the lowest level since rates averaged 6.21 percent during the week of May 17.
"Continued market concerns about weaker economic growth and further declines in the housing market have kept mortgage rates low over the last few weeks," according to Frank Nothaft, chief economist at the mortgage finance giant.
Also, rates on 15-year fixed products fell to 5.91 percent from 5.99 percent last week; rates on five-year adjustable rate mortgages declined to 5.98 percent from 6.03 percent; and rates on one-year ARMs slipped to 5.57 percent from 5.66 percent a week ago.
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