Portsmouth Real Estate News
Real Estate news for Portsmouth, OH continually updated from thousands of sources.
Saturday Nov 22 | via Hudson Hub-Times
Dallas, Texas-based Supreme Lending has expanded its reach into Ohio by opening a regional office in Stow where its Ohio-based staff can assist clients in securing mortgage loans with in-depth knowledge of the Ohio real estate market. Supreme is a Fannie Mae and Freddie Mac seller/servicer offering a full range of mortgage programs including conforming and non-conforming loans; FHA, VA and USDA loans; investment loans and renovation loans; condo and Jumbo loans. Comment?
Thursday Nov 20 | via Cleveland.com
Home sales rose in the Buckeye State and across the nation last month, topping September's performance and beating last year's levels. The Ohio Association of Realtors said Thursday that sales of new and previously owned homes jumped 5.5 percent from September to October, based on seasonally adjusted figures. Comment?
Thursday Nov 20 | via Business Journal
RealtyTrac reports that while the 69 home flips in the third quarter in Dayton represented an 11 percent decline from the second quarter, the region had a 1 percent increase for the year. Home flipping has declined in Ohio and across the nation, but the year-over-year data shows the practice had a slight increase in Dayton. Comment?
Sunday Nov 16 | via The Columbus Dispatch
New borrowers are signing up for home-equity lines of credit just as older borrowers are learning an important lesson about the loans. The number of Americans getting home-equity lines jumped 21 percent this year to a six-year high, according to the credit service Equifax. Comment?
Thursday Nov 13 | via Business Journal
Coldwell Banker Real Estate has created a side-by-side comparison of four-bedroom, two-bathroom home prices in 2,000 markets across the country. Comment?
1 hr ago | via CEPR
The LA Times ran a nice story on Friday about the Coronel family of Azusa, California, and how they were able to buy back their foreclosed home "for $280,000, far less than the $400,000-plus debt that had gone into default." They had been able to stay in their home after their foreclosure because "Fannie Mae gave permission in 2010 for the Coronels to stay on in the Azusa house as renters." Comment?
9 min ago | via Seeking Alpha
Two Harbors Investment Corp. announced today that there will be changes to the key management position of Chief Risk Officer, effective January 1, 2015. While I did not predict that this management change would occur, I am very pleased with the choice of this still-relative newcomer to Two Harbors. Comment?
10 min ago | via Seeking Alpha
The fear that interest rates would rise too high, too quickly has shown itself to be unfounded. With the official end of QE there remains two pieces to the Fed influence on both interest rates and Treasury rates: ZIRP, or zero interest rate policy , and the eventual increasing of rates by the Fed, said to be sometime in late 2015. Comment?
10 min ago | via Reuters
Canada's housing market is overvalued by as much as 20 percent but is likely to achieve a soft landing, the International Monetary Fund said on Wednesday. IMF official Hamid Faruqee said national home prices in Canada were between 5 percent and 20 percent higher than fundamentals suggest they should be. Comment?
13 min ago | via Financial News & Daily Record
First Coast No More Homeless Pets bought Westside property last week to develop a clinic, warehouse and offices to serve as a second location to its North Jacksonville headquarters. To recognize major donors, the Westside project will be The First Coast No More Homeless Pets Mary Lou Russell Animal Welfare Complex and one of the three buildings there will become the Joseph A. Strasser Veterinary Hospital. Comment?
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