By: Cory Hopkins - zillow.com The housing market is improving every day, and as a result, homes nationwide spent far fewer days listed for sale on Zillow in September than a year ago — one month less, to be exact. Homes sold in the U.S. in September spent a median of 86 days on Zillow, down 30 days from 116 days in September 2012. Zillow calculated the median number of days listings spent ... [Read more]
By: Daren Blomquist - forbes.com Contributor RealtyTrac this week analyzed nearly 600,000 purchases made by investors between January 2011 and September 2013 and found that the vast majority of large institutional buyers are sticking to their original buy-to-rent game plan and not cashing out despite substantial gains in the value of properties in their portfolios. The 600,000 purchases were those made by individuals or institutions that purchased at least th ... [Read more]
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The shutdown is delaying home sales and approval of loans because lenders rely on government data, such as verification of borrowers' income, that aren't available. Jay Joerger was set to close a long-planned sale of his Palm Springs condominium this week until he was blindsided by an unexpected problem: the shutdown of the federal government. The condo sits on land owned by an Indian tribe, so the sale must be approved by the U.S. Bureau of Indian Affairs. But ... [Read more]
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Obama talks housing in Los Angeles with Zillow.com By Alejandro Lazo President Obama paused on his trip through Los Angeles on Wednesday to conduct a novel interview on housing policy with the chief executive of the real estate website Zillow.com. The president reiterated his call for the passage this year of a broad housing agenda, which included expanding refinancing to more borrowers and overhauling the nation’s ... [Read more]
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