The Krain Blog

June 2010 - Posts

• Jobs Key to Housing Recovery

  A new Harvard study says low mortgage rates coupled with employment growth will improve the housing market. Read more > Read More... Posted Monday, June 21, 2010 3:08 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Is a Housing Shortage Coming?

  Economists are concerned that when the job market rebounds, the demand for housing will be greater than the supply. Read more > Read More... Posted Monday, June 21, 2010 3:06 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Senate OKs new tax credit closing deadline

  Backers of amendment cite backlog of 180K homebuyers By Inman News, Wednesday, June 16, 2010. Inman News The Senate has amended a bill to give homebuyers who were under contract on a home purchase by April 30 an additional three months to close the deal Read More... Posted Thursday, June 17, 2010 2:29 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• A Real Estate Recovery in 2013

  Economists say it will be another three years before the housing market sees a full recovery. Read more > Read More... Posted Monday, June 14, 2010 4:04 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• FHA Delinquencies Decline for Third Month

  Delinquent Federal Housing Administration home mortgages have dropped from a rate of 9.4 percent in January to 8.5 percent in April. Read more > Read More... Posted Monday, June 14, 2010 4:00 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Fed Beige Book Sees Growth in All 12 Regions

  D.C. has its lowest inventory in 18 months, among other findings from the Federal Reserve's closely scrutinized analysis. Read more > Read More... Posted Monday, June 14, 2010 4:00 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Default Analytics Show Increased Home Prices

  A modest increase was reported in home prices in April, according to a default management firm. Read more > Read More... Posted Monday, June 14, 2010 4:00 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Mortgage Fraud Rises: Who's at Risk?

  A recent report that analyzes mortgage fraud risk reveals the states most at risk and the types of mortgage fraud you need to watch out for. Read more > Read More... Posted Monday, June 14, 2010 3:59 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Lenders Warn Foreclosure May End in Lawsuit

  Experts predict a wave of lawsuits in the coming months due to more lenders looking to recoup losses on home sales, particularly from owners who damaged houses in foreclosure or walked away from underwater mortgages. Read more > Read More... Posted Monday, June 14, 2010 3:58 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Surge in Pending Home Sales Continues

  The tax credit, low mortgage rates, and increased consumer confidence spurred pending sales in February, March, and April. Read more > Read More... Posted Friday, June 04, 2010 1:07 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Chinese Housing Bubble Called Huge

  Prices have risen so much that few households can afford to own, potentially stoking anger against the disparity. Read more > Read More... Posted Friday, June 04, 2010 1:05 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• 15-Year Mortgage Hits a Record Low

  While 30-year mortgage rates ticked up slightly, the 15-year rate hit a record low of 4.2 percent this week. Read more > Read More... Posted Friday, June 04, 2010 1:04 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• 7 Cities Hit Hard by the Recession

  Industrial areas have been most affected by the economic downturn, according to Moody's Investor Services and Standard & Poor. Read more > Read More... Posted Friday, June 04, 2010 1:02 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Owners in Default Stay in Homes Anyway

  The average borrower in foreclosure won't be evicted for 438 days after receiving a default notice so many opt to stay put as long as possible. Read more > Read More... Posted Friday, June 04, 2010 12:59 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Mortgage Rates Close in on Record Lows

  Consumers shopping for homes right now are finding extremely favorable mortgage rates. Read more > Read More... Posted Tuesday, June 01, 2010 12:58 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Post-Tax Credit Buyers May Save Money

  Interest rates have fallen so dramatically since April 30th that delaying a purchase could save buyers a bundle over the long haul. Read more > Read More... Posted Tuesday, June 01, 2010 12:58 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Strategic Defaulters May Not Buy Again Soon

  Home owners who abandon their mortgage because of reasons that don't involve some sort of personal hardship probably won't be able to borrow for a house purchase for several years. Read more > Read More... Posted Tuesday, June 01, 2010 12:57 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• When Should You Use a Short-Sale Negotiator?

  Specialists can free up your time for business-building but the relationship has to be well-thought out. Read more > Read More... Posted Tuesday, June 01, 2010 12:57 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• European Crisis Drives Down Mortgage Rates

  The massive debt loads of some European Union member states, most notably Greece, has spurred a flight of capital to U.S. government securities, causing mortgage rates to go down. Read more > Read More... Posted Tuesday, June 01, 2010 12:49 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments

• Auctioneers Pick Up Business in Tough Market

  According to the National Auctioneers Association, auctions are up by 14 percent compared to 2009. Read more > Read More... Posted Tuesday, June 01, 2010 12:48 PM by KRAIN - Residential and Commercial Real Estate | 0 Comments