#FREDDIE MAC FANNIE MAE FORECLOSURES UPDATE#
#FREDDIE MAC FANNIE MAE FORECLOSURES FULL#

Last year, the gloves came off, and now, they’ve drawn swords and appear to want blood. and operates ListHub,, TopProducer, and other brands) have been competing for a decade now, and the race has appeared to be an aggressive yet polite boxing match. (REALUOSO.COM) – Corporate warfare demands headlines in every industry, but in the real estate tech sector, a storm has been brewing for years, which in the last year has come to a head. Why Realtors are vulnerable to these rapid changes Click here to continue reading this story… This is due to rising construction costs, scarcity of lots, and a low inventory of new homes that doesn’t meet the demand.

The price differential between new homes and older homes has increased from 10 percent traditionally to around 37 percent in 2014. Even homeowners who aren’t selling will need to consider remodeling for structural and aesthetic reasons.

#FREDDIE MAC FANNIE MAE FORECLOSURES UPDATE#

With more houses around 40 years old, the National Association of Realtors asserts that homeowners will have to undertake remodeling and renovation projects before selling unless the home is sold as-is, in which case the buyer will be responsible to update their new residence. In 1985, the median age of a home was only 23 years. The northeast has the oldest homes, with the median age between 50 – 61 years. In Texas, homes are a bit younger with the median age between 19 – 29 years. (REALUOSO.COM) – In a survey from the Department of Housing and Urban Development American Housing Survey (AHS), the median age of homes in the United States was 35 years old. Today, home prices are stabilizing and increasing in most areas of the U.S.” Click here to continue reading the list of the 12 best places to buy a home…

#FREDDIE MAC FANNIE MAE FORECLOSURES FULL#

home prices have risen in the long term, the last decade has shown that path is sometimes full of twists, turns, dizzying heights and steep, abrupt falls. “Buying a house is a big decision and a big commitment,” the company notes. They examined the nerdiest of numbers from the compound annual growth rate in inflation-adjusted GDP to cost premium, affordability, taxes, job growth, and housing availability. That said, dug into the data and determined that the top 12 places to buy a home are currently Texas and North Carolina (and Portland, I guess you’re okay too or whatever). There’s a running joke in Austin that if there is a list of “best places to ,” we’re on it, and the joke causes eye rolls instead of humility (we’re sore winners and sore losers in this town). (REALUOSO.COM) – Let us first express that although we are completely biased about Texas (we’re headquartered here, I personally grew up here), the data is not – Texas is the best. Homeowners continue to struggle, and as has been offered during the holidays in recent years, Fannie Mae, Freddie Mac, and major lenders are hitting the pause button on evictions so homeowners can relax for a moment, but struggling homeowners must remember that evictions resume in January, and after a foreclosure freeze, lenders may not be as forgiving. The takeawayĪlthough housing is showing signs of improvement, foreclosures continue to remain elevated, at nearly three times their pre-recession levels.

The Federal Housing Administration also announced a foreclosure freeze on federally insured homes in areas of Connecticut, New Jersey, New York, and Rhode Island that were hit by the storm.

Superstorm Sandy victims see reliefĪfter Superstorm Sandy hit, Fannie and Freddie announced a suspension in evictions for 90 days for borrowers with loans backed by either government-sponsored entity. Edwards urges struggling homeowners to call Fannie as soon as possible.Īlthough evictions will be halted, freezing foreclosures does not stop the filing of foreclosure documents, and evictions will continue immediately after the freeze is lifted. “The holidays are a chance to be with loved ones and we want to relieve some stress at this time of year,” said Terry Edwards, an Executive Vice President in Fannie Mae’s credit management division, in a statement. The freeze applies to homeowners in a single-family property and in apartments with up to four units that are financed by a mortgage from Fannie Mae or Freddie Mac.įannie and Freddie will freeze foreclosures from December 19th through January 2nd, 2013, and Chase will suspend all evictions from December 19th through January 1st, 2013. Freezing foreclosures for the holiday seasonĪccording to Fannie Mae, they will be freezing foreclosures by halting evictions during the holidays, along with Freddie Mac, Citigroup, and JPMorgan Chase, as has been true in recent years.

Freddie mac fannie mae foreclosures