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VARbuzz: Builder survey: Renters really want to own

Renters Really Prefer Owning, Builder Survey Says,” says the Wall Street Journal. I grabbed that immediately — looked like a good, positive story.

Unfortunately, the survey the story is based on doesn’t really say that.

Sayeth the Journal:

A survey from PulteGroup — one of the nation’s largest home builders — has found a surprising result: Many renters want to buy homes.

VARbuzz: REO flood a-comin’? Doesn’t look that way

As we told you the other day, all the hubbub about shadow inventory — a flood of foreclosures and distressed sales coming down the pike — looks to have been a tempest in a teapot and much ado about nothing. A mountain out of a molehill, if you will.

VARbuzz: Good foreclosure news from CoreLogic

In its March National Foreclosure Report, CoreLogic found that foreclosures dropped 18.8% from March 2011. Even better, foreclosures in the first quarter were down 14.7% from the first quarter of 2011.

“Compared to a year ago, the number of completed foreclosures has slowed,” said Anand Nallathambi, chief executive officer of CoreLogic. “Since the foreclosure inventory is also coming down, this suggests that loan modifications, short sales, deeds-in-lieu are increasingly being used as an alternative to foreclosures to clear distressed assets in our communities.”

Q1 2012 home sales report is now available

The First Quarter 2012 Virginia Home Sales Report has been released and brings good news for the Commonwealth! Several long-term trends indicate that Virginia’s housing market is continuing to stabilize.

As shown above, the pace of home sales in the first quarter of 2012 marked an improvement over both the first quarter of 2011 and 2010.

VRLTA Update

VRLTA Update with Chip Dicks (Virginia Residential Landlord Tenant Act)

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Wed, 04/25/2012 (All day)
Tue, 05/01/2012 (All day)
Mon, 05/07/2012 (All day)
REALTORS® Association of Prince William®, Virginia Peninsula Association of REALTORS®, Richmond Association of REALTORS®

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