2015 Pennsylvania Housing Market Predictions

Since 2013 onwards, the Pennsylvania real estate market has been on an upward trend, allowing the housing market to gain not only stability, but also a certain degree of evolution. These steadily increasing housing prices serve as a mark of improvement and allow us a mild optimism regarding the Pennsylvania Housing Market. We predict a steady improvement over the duration of the year. … [Read more...]

The Best Real Estate Markets 2013

When considering which real estate markets are the best, it is wise to look at home sales among other aspects as this number often reveals a thriving real estate market. Below is a list of the top 25 real estate markets in America today from the least to the greatest: Oklahoma City, Oklahoma: According to trulia.com, the median sales price for homes in Oklahoma City from April 13th to June 13th was $126,000. This represents an increase of … [Read more...]

2013 Pennsylvania Housing Market

According to the February residential real estate report from the West Penn Multi-List, Inc., the Southwestern Pennsylvania market strengthened for those selling their homes. "It's a spring for selling in our region. Compared to last year at this time, we now are seeing fewer homes listed for sale, coupled with a significant increase in the number of homes being sold, which is depleting our housing inventory faster than it's being … [Read more...]

Top 10 Real Estate College Towns

Investors and parents shopping for rentals for college students might realize a sharp increase in rents when students go off to college this fall. Rents on homes and apartments rose an average of 4% in the U.S. in the last year, and higher rents are expected. Realtor.com released its second annual round-up of the top 10 college towns to consider investing in real estate. Topping the list are Boston, Massachusetts and Washington D.C., which … [Read more...]

Foreclosures Jump Resumes After Robo-Signing Slowdown

By Mike Colpitts Foreclosure starts rose for the first time in more than two years in May, signaling a resumption of formal bank repossessions of homes with mortgages in default after months of slower foreclosures. Initial filings were lodged against 205,990 U.S. residential properties, according to RealtyTrac. The increase accounted for a 9% hike in bank filings for the month after lenders resumed preparations to take back properties … [Read more...]

Recovery Pushes Foreclosures Lower 3 Months

By Mike Colpitts In a sign the U.S. housing market is on the road to recovery, foreclosures dropped for the third month in a row in April, despite a traceable increase in repossessions along the eastern U.S. coast. Initial notices of default were filed against 188,780 residential properties, the lowest since July 2007. Final bank repossessions (REOs) dropped for the third straight month in April, down 7% from March. Lenders completed … [Read more...]

Florida Capital Named Baby Boomers Favorite

The capital of Florida has been named the favorite U.S. city for baby boomers to retire by a Washington based economics research group.  Tallahassee, Florida won out over 20 other cities considered for the prestigious award as the ideal place to retire. The southern city was selected after researchers considered a combination of factors, including climate, cost of living, available health care and other priorities. The Washington Economics … [Read more...]

Pennsylvania Lender to Pay $3.9 Million Fine

A Pennsylvania mortgage lender has agreed to pay a fine of $3.9 million to settle a lawsuit for lying to federal mortgage officials. The suit was filed in the Central District of California, alleging that officials of Capmark Finance LLC of Horsham, Pennsylvania made a series of false statements in connection with two nursing home mortgages that were insured by the U.S. Department of Housing and Urban Development. Federal prosecutors said … [Read more...]

2012 Pennsylvania Housing Market

Strong home sales and lower average home prices are driving the Pennsylvania housing market out of its modest downturn, with appreciation forecast to develop in most of the state by the end of the year. The Pennsylvania housing market has seen little change in many regions of the state compared to other areas of the nation, and a modest number of foreclosures. Pennsylvania has been a major exception in the U.S. real estate collapse. An older … [Read more...]

Three Mortgage Officers Sentenced to Federal Prison

By Mike Colpitts Three mortgage officers and a title agent have been sentenced to federal prison for their parts in a nationwide reverse mortgage fraud scheme that lasted nearly a year, and took advantage of dozens of senior citizens, taking in more than $2.5-million. Louis Gendason, 42, was sentenced to 70 months in federal prison and ordered to re-pay over $2-million in restitution. The Delray Beach, Florida mortgage officer was the … [Read more...]