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MarketLinx recently launched a new application that allows Mac users to access the MLS directly from their Mac OS system. The traditional alternative is having to install a third party application such as Paralles or VM Fusion software then installing Windows so that you can run Internet Explorer to access the MLS. The MarketLinx application [...]
During a recent conversation with a MarketLinx representative on the subject of MLS access and the limitations impose by Internet Explorer, the MarketLinx representative said and I quote “we are developing a solution that will allow native MLS access from virtually any platform or browser, including Mac OSX, Safari, Firefox, Chrome, etc. The first Beta [...]
Yesterday afternoon at 4:30pm – just after the close of the US Equity markets – the US Federal Reserve (FED) announced a 0.25% interest rate hike in its Discount Rate, now set at 0.75% from the previous mark 0f 0.50%. Although the FED had signaled higher rates for 2010 – expectations were that higher rates [...]
The Wall Street Journal (WSJ) argues that the Miami shadow inventory could reach 24 months of supply as a result of an increase in the number of foreclosures coming to market in the months ahead. In the article titled “Foreclosures Seen Still Hitting Prices” the author concludes that “most efforts to modify loans with easier [...]
A lot has been written about “Shadow Inventory” but a recent Bloomberg news article “Shadow Inventory of U.S. Homes Climbs, Report Says” summarizes it the best. The term “Shadow Inventory” is used in different ways, but it applies to all of the following: Developer Units – These are properties (Condos, Single Family Homes or Townhouses) listed for [...]
Does Ben Bernanke, Chairman of the US Federal Reserve, know something about interest rates that the rest of us do not? Maybe, but the likelihood of higher interest rates in 2010 and beyond is not much of a secret! In a recent TIME Magazine interview, Chairman Bernanke says he refinanced his own mortgage a couple of [...]
According to a recent article published by the Wall Street Journal and a recent study published by Barclays Wealth, 75% of respondents felt residential real estate looks attractive from an investment perspective. And about half of the 2,000 respondents expect an increase in the value of their real estate investments over the next two years. [...]
This article states the U.S. Treasury has finally set the guidelines for their “short sale” plan. Although there is nothing posted on the U.S. Treasury’s website yet, we are expecting the details to be released shortly at www.financialstability.gov. Please reference this website for the full details of the plan. If you have any questions or comments, please send me [...]
On November 4th, 2009, the U.S. Senate voted (98-0) to pass a bill which extended and expanded the federal homebuyer tax credit. On November 5th, 2009, the U.S. House of Representatives did the same (403-12). It’s now on its way to the President for his signature which is expected to happen as early as tomorrow! CLICK HERE [...]
Fannie Mae just released a new policy named “Deed for Lease Program” under which thousands of homeowners that are facing foreclosure will have the opportunity to remain in their homes as tenants. Under the ”Deed for Lease” program, borrowers can transfer ownership to Fannie Mae and sign a one-year lease, with month-to-month extensions after that. If [...]
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