Alan Barker's Public Library

25 Nov 09

Cache Valley Utah Real Estate

Good information with Cache Valley Real Estate Listings

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cache valley

23 Nov 09

Alan Barker - Logan - Real Estate Agent - Biznik

My Profile on Biznik

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networking

Underwater Borrowers with Good Credit are Likely to walk out from Underwater Mortgage

Borrowers with Good Credit are more likely to walk of a home that is underwater, even though it will wreck their credit.

www.dsnews.com/...-strategic-defaults-2009-09-29 - Preview

mortgage foreclosures underwater

The Experian report looked at 24 million U.S. credit records and found that borrowers with the highest credit ratings are 50 percent likelier to strategically default than lower-rated homeowners. The defaultees often have no adverse credit history, going from a record of perfect payments to no mortgage payments at all.

One in 7 U.S. mortgages foreclosing or delinquent | Reuters

Nationwide Foreclosures are at their highest rate EVER, and this isn't expected to peak until the middle of next year. The bulk of new homes in default is of conservative conventional loans, and is primarily a result of the high rates of unemployment.

www.reuters.com/...idUSN1937065020091119 - Preview

foreclosures mortgage delinquincies

A record one in seven U.S.
mortgages were in foreclosure or at least one payment past due
in the third quarter
U.S. mortgage delinquency rates and the percentage of loans
that entered the foreclosure process also jumped to records
from July to September, the Mortgage Bankers Association said
on Thursday.
7 more annotations...
- Rising job losses were behind the increasingly bleak
  portrait of the housing market in a trend that will continue
  into next year, the group said in data that adds to recent
  evidence of a still-struggling housing market.
- record foreclosures will add to the growing supply of
  unsold homes, sapping the housing market as it attempts to
  recover from the worst slump since the Great Depression.
- The MBA said the percentage of loans in foreclosure rose to
  1.42 percent
- "Foreclosures remain the biggest hurdle to the housing
  recovery," said Michelle Meyer, economist at Barclays Capital
  in New York.
- "Foreclosures will be worse in the first part of 2010 and
  we do not see a peak in foreclosures until the middle of next
  year."
- conservative, prime fixed-rate loans often sold to
  homebuyers with the highest credit ratings continued to
  represent the largest share of foreclosures started and were
  the biggest driver of the increase in foreclosures
- In fact, 33 percent of foreclosures started in the third
  quarter were on prime fixed-rate loans and those loans were 44
  percent of the quarterly increase in foreclosures, Brinkmann
  said.

US Q3 foreclosures, delinquencies hit new records - Foreclosure community blog resource powered by RealtyTrac

www.foreclosurepulse.com/...nquencies-hit-new-records.aspx - Preview

U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter, with both reaching record highs, the Mortgage Bankers Association said on Thursday.
percentage of loans on which foreclosure actions were started rose to 1.42 percent in the third quarter,

15-Year Rate Hits Record Low

15 Year Mortgages at Lowest Rate, EVER

www.realtor.org/...News2009112003 - Preview

mortgage rates

The average rate for 15-year mortgages reached a new bottom this week, dipping from 4.40 percent to 4.32 percent—the lowest level since Freddie Mac began tracking rates in 1991.

Rates for 30-year mortgages approached the all-time low of 4.78 percent again last week, falling to 4.83 percent from an average of 4.91 percent a week ago.

19 Nov 09

Homes for Sale Huntsville Utah

Current Homes for Sale in Huntsville Utah. It's a good list.

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homes huntsville

Hyrum Utah Real Esate - Find Real Estate for Sale in Hyrum UT

Looking for Real Estate information for Hyrum Utah? This is the place

www.hyrumutrealestate.com - Preview

hyrum real estate utah

Fannie: 'Recovery is here' | Real Estate and Technology News Inman News

Good news for those in the Real Estate. Fannie Mae predicts that the housing recession is over and we will see National improvement next year.

www.inman.com/...fannie-recovery-here - Preview

fannie recovery real estate

The deepest and longest recession since the Great Depression appears to be over, Fannie Mae economists say, projecting sales of new and existing homes will jump 11 percent next year and that national home prices will stabilize, remaining essentially flat.
"It appears that the economic recovery is here," Fannie Mae economists Doug Duncan and Orawin Velz said in a report summarizing their economic and mortgage forecasts, although they expect it will be weak compared to previous recoveries from deep recessions.
Real gross domestic product (GDP) grew at a 3.5 percent annualized pace in the third quarter, following five declines in the prior six quarters, they noted, but growth is likely to moderate in the final three months of the year before strengthening in late 2010.
1 more annotations...
- Their housing forecast projects that housing starts will surge by 35 percent next year, from a recent historic low of 462,000 projected starts in 2009 to 624,000 next year.
  Fannie Mae expects national home prices will stabilize next year, with the median resale home price remaining essentially unchanged at $170,800. That's a 0.2 percent decline from 2009 and a 22 percent decline from 2007

18 Nov 09

6,500 Reasons to Upgrade Before Spring

External factors make this winter one of the best times to buy Utah Real Estate, whether you're a first time buyer, or a homeowner looking to upgrade.

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buyers home owners 6 500 tax credit

The Internet Buyer - What today's buyers expect of Real Estate Agents : Utah Real Estate and Home Sales Numbers

What today's internet buyers expect from real estate agents.

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internet buyers

Utah ranked as the nations second healthiest state

Another Reason Utah is a Great Place to Live - Second Healthiest State in the Nation

www.deseretnews.com/...ked-No-2-healthiest-state.html - Preview

health utah

New data released in the United Health Foundation's 20th annual America's Health Rankings rate the Beehive State second only to Vermont in a broad measure of health and overall physical well-being.
The yearly report credited Utah with the lowest rates in the nation for smoking, cancer deaths, infant mortality and binge drinking
2 more annotations...
- Utah's spending was $60 per person for public health last year, compared with a national average of $94 per person and $150 per person in Vermont.
- Utah's rate of obesity continues to increase at about the same rate as the rest of the nation, "we have a lower rate overall and a much lower rate than some parts of the nation, especially in the Southeast," Joy said.
  
  Sundwall said he takes no comfort in the fact that Utahns were fifth best in the nation in the percentage of obese residents, noting 23 percent of Utahns still fall into that category.

17 Nov 09

NAR OKs indexing of listings | Real Estate and Technology News for Agents, Brokers and Investors | Inman News

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MLS IDX

NAR's board of directors approved several changes to the association's Internet Data Exchange (IDX) policy as it wrapped up the group's annual meeting in San Diego.
The changes included the deletion of language that previously obligated real estate brokers participating in a multiple listing service (MLS) to employ "reasonable efforts" to protect listings from "scraping," or unauthorized duplication by third-party Web sites
New language prohibits MLS participants from using listing data for any purpose other than display on their Web sites, but clarifies that they don't have to protect listings from legitimate search engines like Google, which collect information from Web sites and store it in internal databases to make searches faster and more relevant.

13 Nov 09

REALTOR® Magazine-Daily News-Yun: 2010 Sales to Rise 15 Percent

www.realtor.org/...News2009111301 - Preview

Home sales will increase 15 percent
Yun credited the home buyer tax credit with unleashing sales on the lower-end of the housing market this year, bringing up to 400,000 first-time buyers into the market who wouldn't have bought otherwise. That influx tightened inventories of starter homes, shored up prices, and helped reduce households' fear over continuing price drops.
2 more annotations...
- This virtuous cycle will continue now that the federal government has extended the credit to mid-2010 and expanded it to make a smaller credit available to repeat buyers and to households with higher incomes.
- The key is stabilizing prices and preserving household wealth