Real Estate News Today Issue #4


Florida Has 2nd Highest Rate of Underwater Properties;  Top Ten Must Know Things About HUD Reverse Mortgages; Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages;  Invest In The Disruptors Of The Real Estate Industry; and Housing Market Booms for Boomer Retirees      

Florida Has 2nd Highest Rate of Underwater Properties 
A new report says Florida has the nation's second-highest rates of residential properties that were deeply underwater last month. The research firm RealtyTrac said Thursday that just over a third of Florida's residential properties were deeply underwater. Only Nevada had a higher rate. Read more...


Top Ten Must Know Things About HUD Reverse Mortgages  

The Home Equity Conversion Mortgage (HECM) is FHA's reverse mortgage program, which enables you to withdraw some of the equity in your home.  The HECM is a safe plan that can give older Americans greater financial security. Many seniors use it to supplement Social Security, meet unexpected medical expenses, make home improvements and more.  You can receive additional free information about reverse mortgages in general by...Read more...

Study Finds 6.4 Million U.S. Homeowners Still Have Underwater Mortgages 
Overall the housing news has been good as of late: prices are on the rise, fueled by tight inventory plus lower mortgage rates the first half of the year. Despite those developments, 6.4 million homes remained weighted down by underwater mortgages in Q3 2013, according to a report released today by CoreLogic CLGX +1.73%. That’s 13 percent of all residential properties that... Read more...

Invest In The Disruptors Of The Real Estate Industry     
Despite the prospect of rising interest rates, years of oversupply and falling prices, the real estate market has sprung to life in most of the country over the last year. Even in some of the areas that were hardest hit during the financial crisis – such as metro Las Vegas and parts of Southern California – home prices have rebounded to near pre-2008 levels, while housing starts are beginning to ramp up again. Read more...

Housing Market Booms for Boomer Retirees    
Once their grown children had moved away from the family home, John Goodman, 65, and his wife, Donna, realized they were ready to move on as well. "We had an old 1940s, beautiful home, but we just didn't need it anymore, and we didn't need the taxes and the maintenance that went with it," says Goodman, a PR rep. Read more...

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