

What Is a Short Sale (Real Estate)?
This term in real estate means a sale that takes place when a financially troubled homeowner sells their property for a lower price than the amount due on the mortgage. The buyer of the property is a third party (not the bank), and all proceeds from the sale go to the lender. The lender has two options available—they can forgive the remaining balance or go after the homeowner through a deficiency judgment, which requires them to pay the lender all or part of the difference. In some states, this difference must legally be forgiven in a short sale.
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According to the Census Bureau, home sales are down almost 18% nationally since January 2022.
According to the Census Bureau, home sales are down almost 18% nationally since January 2022.
In a trading update for the six months to 30 June 2022 Cala reported 1,527 completions to June 2022 – an increase of 3% on the 1,479 units completed last time. Pre-tax profit hit £98m from £77.6m on turnover up to £688m from £600m. Kevin Whitaker, CEO at Cala Group, said: “The first half of 2022 has seen the group deliver a very strong performance, ahead of forecast units, turnover and pre-tax profits. “The strength of the sales market in 2021 has continued into this financial year a...
In a trading update for the six months to 30 June 2022 Cala reported 1,527 completions to June 2022 – an increase of 3% on the 1,479 units completed last time. Pre-tax profit hit £98m from £77.6m on turnover up to £688m from £600m. Kevin Whitaker, CEO at Cala Group, said: “The first half of 2022 has seen the group deliver a very strong performance, ahead of forecast units, turnover and pre-tax profits. “The strength of the sales market in 2021 has continued into this financial year a...
Home to the Liberty Bell, the Declaration of Independence, and Philly cheesesteaks – there’s much to love about the City of Brotherly Love. That said, big city living isn’t for everyone. And if that’s you, we can help you find the right city near Philadelphia to move to instead. Check out these four cities near Philadelphia, each with its own features and charm and within easy commuting distance of Philly. #1: Upper Darby, PA Miles from Philadelphia: 7
Population: 83,000
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Home to the Liberty Bell, the Declaration of Independence, and Philly cheesesteaks – there’s much to love about the City of Brotherly Love. That said, big city living isn’t for everyone. And if that’s you, we can help you find the right city near Philadelphia to move to instead. Check out these four cities near Philadelphia, each with its own features and charm and within easy commuting distance of Philly. #1: Upper Darby, PA Miles from Philadelphia: 7
Population: 83,000
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Why Were Rates Able to Defy Stronger Data? With at least one Fed speaker mentioning Retail Sales as having a bearing on the Fed's debate between a 75bp and 100bp hike at the upcoming July meeting. With a 1.0 vs 0.8 result, the market didn't really get a definitive verdict. Yes, it's stronger, but not by enough as to make the Fed's choice obvious. It was also not enough to push inflation-adjusted sales into positive territory. In short, it provided additional fuel for the notion that rec...
Why Were Rates Able to Defy Stronger Data? With at least one Fed speaker mentioning Retail Sales as having a bearing on the Fed's debate between a 75bp and 100bp hike at the upcoming July meeting. With a 1.0 vs 0.8 result, the market didn't really get a definitive verdict. Yes, it's stronger, but not by enough as to make the Fed's choice obvious. It was also not enough to push inflation-adjusted sales into positive territory. In short, it provided additional fuel for the notion that rec...
Existing home sales continued to fall in August, as homebuyer demand cooled further as a result of the Federal Reserve’s inflation-busting policy. The seasonally adjusted sales rate for existing homes fell 0.4% month over month in August to a rate of 4.80 million, according to a report from the National Association of Realtors (NAR) released Wednesday. This is […]
The post Existing home sales continued their slide in August appeared first on HousingWire.
Existing home sales continued to fall in August, as homebuyer demand cooled further as a result of the Federal Reserve’s inflation-busting policy. The seasonally adjusted sales rate for existing homes fell 0.4% month over month in August to a rate of 4.80 million, according to a report from the National Association of Realtors (NAR) released Wednesday. This is […]
The post Existing home sales continued their slide in August appeared first on HousingWire.
Douglaston Development CEO Jed Resnick on the current challenges facing New York City developers, how New York can repair its housing shortage and what he’s expecting for the rest of 2022.
Douglaston Development CEO Jed Resnick on the current challenges facing New York City developers, how New York can repair its housing shortage and what he’s expecting for the rest of 2022.
Lennar has lowered prices to maintain its home sales volume, but other builders are not doing the same.
Lennar has lowered prices to maintain its home sales volume, but other builders are not doing the same.
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Serena Boardman | Sotheby’s International Realty – East Side Manhattan Brokerage “As a decorator, our townhouse is like my laboratory,” muses Brandolini of her home of nearly 30 years. Interior Designer Muriel Brandolini’s Wonderfully Eclectic Longtime Townhouse – Cottages & Gardens Are beachside homes still a good investment? – South China Morning Post Webber + Studio ...
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Serena Boardman | Sotheby’s International Realty – East Side Manhattan Brokerage “As a decorator, our townhouse is like my laboratory,” muses Brandolini of her home of nearly 30 years. Interior Designer Muriel Brandolini’s Wonderfully Eclectic Longtime Townhouse – Cottages & Gardens Are beachside homes still a good investment? – South China Morning Post Webber + Studio ...
Median family income in the Austin metro area grew by 11.5% from 2021 to 2022, but that hasn’t been enough to keep up with housing affordability, according to researchers.
In their new housing affordability outlook report for the area, researchers at Texas A&M University’s Texas Real Estate Research Center confirmed again the rise in home prices has been outpacing the increase in income.
They said the year-over-year growth in median home sales price was 22%.
According to the center, in 2...
Median family income in the Austin metro area grew by 11.5% from 2021 to 2022, but that hasn’t been enough to keep up with housing affordability, according to researchers.
In their new housing affordability outlook report for the area, researchers at Texas A&M University’s Texas Real Estate Research Center confirmed again the rise in home prices has been outpacing the increase in income.
They said the year-over-year growth in median home sales price was 22%.
According to the center, in 2...
Richmond, VA, one of America’s oldest major cities, is a great destination for those looking to live in the Mid-Atlantic region. With a rich history, countless museums to explore, and plenty of outdoor activities, it’s no wonder Richmond is also home to nearly 235,000 people. As you start your home search, there are three key points to keep in mind – the housing market is very competitive, the median home sale price is $310,000, and the average rent price for a 2-bedroom apartment in Richm...
Richmond, VA, one of America’s oldest major cities, is a great destination for those looking to live in the Mid-Atlantic region. With a rich history, countless museums to explore, and plenty of outdoor activities, it’s no wonder Richmond is also home to nearly 235,000 people. As you start your home search, there are three key points to keep in mind – the housing market is very competitive, the median home sale price is $310,000, and the average rent price for a 2-bedroom apartment in Richm...