Itâ€™s Tuesday News Day and these are this weeks hot topics concerning the real estate market, the financial market, general market conditions, and interest rates.
Low inventory and rising home prices are frustrating to many buyers, but unfortunately would-be buyers may have to wait a few more years for relief, according to experts.
In other newsâ€¦
Default Servicing NewsÂ â€“Â Incorrect, outdated information most common issue on credit reports
While 22 percent of American admitted they have never checked their credit report, nearly a quarter also said they have encountered issues with their credit report, with incorrect or outdated negative marks leading as the main type of problem, according to a recent FindLaw.com survey.
Los Angeles TimesÂ â€“Â Latest data show housing prices are rising nationwide
According to data supplied by Pro Teck Valuation Services, the average median price of the 100 mostactive core-based statistical areas was up almost 12 percent from the same period a year earlier.
CNNMoneyÂ â€“Â Will the housing rebound crush the job market?
A new study points to higher homeownership as the reason the unemployed arenâ€™t finding work.
Los Angeles TimesÂ â€“Â U.S. home prices post 12.1 percent gain in April
Led by gains in the Western states, national home prices were 12.1 percent higher in April than the year prior, according to CoreLogicâ€™s home price index.
The Wall Street JournalÂ â€“Â Study: How using homes as ATMs fueled foreclosures
Why did so many people who bought their homes before the housing bubble fully inflated end up losing their homes? These homeowners aggressively used their homes as ATMs, extracting cash by refinancing into larger loans or using home-equity loans, according to a paper published by Steven Laufer of the Federal Reserve Board.
San Diego Union TribuneÂ â€“Â Tiny housing bubble may be forming amid buying pressure
In the housing market blowing another bubble? Quite possibly, but itâ€™s still a great time to buy a home. IN a market that I unusually prone to boom and bust, we are very early in the process, judging by the market fundamentals.
What you should knowâ€¦
If you have any questions about the current real estate market give me a call atÂ (408) 840-3852Â or shoot me an email atÂ Thomas.Feng@gmail.comÂ to discuss your situation and how to get the most out of the current real estate housing market.
Because of the many legal and tax situations that can arise through the sale and purchase of real estateALWAYSÂ consult with yourÂ ATTORNEYÂ orÂ ACCOUNTANTÂ before makingÂ ANYÂ decisions inÂ ANYÂ transaction
Copyright 2010-2013 by Thomas Feng, All Rights Reserved. You may reblog or republish.
* THIS ARTICLE WAS POSTED ATÂ Thomas Fengâ€™s Bay Area ConnectÂ *