Friday, May 20, 2011

6 real estate headlines: 20-May

A daily dose of headlines for real estate agents, mortgage lenders, homebuyers and home sellers.

10 tips for surviving the housing market
: How do homeowners, who have most of their equity in depressed real estate, slog through until it becomes a seller's market?
Foreclosure rate retreats from record highs
Inman News
: The combined percentage of loans in foreclosure or behind by at least one payment was 12.31 percent, down from 13.6 percent during the fourth quarter. That equates to about 6.1 million loans.
'Move up' homebuyers moving in
Wall Street Journal
: First-time buyers had dominated the market in the last few years since they weren't saddled with an existing home to sell in a down market.
Too few first-time homebuyers to absorb inventory
Housing Wire
: The number of first-time homebuyers coming to market this spring is not enough to absorb the amount of housing inventory on the market.
How to get over the house that got away
Washington Post
: How to get over the house that got away is a common problem, real estate agents say. It's particularly difficult for first-time buyers.
Mortgage approval: Does your home pass the test?
: Before your mortgage application can be approved, your mortgage lenders will require that a professional appraisal be done on the property proving that it is worth as much or more than you are attempting to borrow.

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