January 2014

There are 5 blog entries for January 2014.

Published in The Wall Street Journal on January 15, 2014, 11:59AM

By Nick Timiraos

'"A new report provides some evidence that it may have become a little easier for some Americans to get a mortgage as the housing market improves and lenders grapple with a pullback in refinancing amid higher mortgage rates.

The average credit score for approved mortgages fell to 727 in December, down from 748 one year earlier, according to a report released Wednesday by Ellie Mae, a mortgage technology firm. (Under a system devised by Fair Isaac Corp. FICO -2.19%, credit scores run on a scale from 300 to 850.)

The report said that some 46% of mortgages that closed in December had credit scores above 750, compared with nearly 57% one year earlier. Meanwhile,

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Published in The Steamboat Pilot & Today

Friday, January 17, 2014 By Michael Schrantz

"Steamboat Springs — On Thursday, the city of Steamboat Springs’ Planning Commission will consider a development plan for a 10-unit multifamily building and two duplexes that would be the most significant addition to Steamboat’s multifamily inventory in years.

The project is being proposed by Garrett Simon, of Meriwether Management Co., for parcels along Eagle Glen Drive near the base of Steamboat Ski Area.

The land originally was part of the 2007 Chadwick Estates Villas development that failed partway through the project, and Meriwether purchased the unbuilt lots from Bank Midwest in March 2012 for $900,000.

The new units proposed by Meriwether and two

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STEAMBOAT SPRINGS, CO— Martin Dragnev, a member of the Steamboat Springs Board of Realtors and National Association of Realtors, is the latest professional Realtor® to become an owner at Colorado Group Realty, the largest independent real estate firm in Steamboat Springs.

Dragnev began his career in real estate in 2008 at broker-owned Colorado Group Realty. What attracted Dragnev to Colorado Group was the company’s shared vision and ownership philosophy, allowing him to foster in an environment that grounded him in the business during a challenging economic period when new real estate graduates would have thought twice.

A graduate of the University of Economics in Varna, Bulgaria, the internationally-born Dragnev rolled up his sleeves and began to

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"Some housing experts are trumpeting changes that allow foreclosure sufferers to buy back into the American Dream sooner than they probably imagined, calling 2014 the year of the “boomerang buyer.”

Revisions made over the summer to Federal Housing Administration guidelines and technical updates in November to Fannie Mae loan approval systems have opened the door for some former homeowners to buy again just one year after foreclosure.

Founders of the San Diego-based company AfterForeclosure.com said last month that millions of banned borrowers nationwide will be eligible for a mortgage this year, while Jupiter, Fla., mortgage broker Skip McDonough said his firm is already doing

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 Published in The Washington Post on January 7 at 5:30am

By Ilyce R. Glink and Samuel J. Tamkin

 

"A year ago, we saw far fewer “For Sale” signs. And this year, there are even fewer.

The surprising thing about the real estate market is its resiliency. It never fails to surprise how decisively a market turns. When it’s time, it’s time. And it’s clear to us that 2014 is looking very good for real estate.

There are a few troubled spots on the horizon: Mortgage interest rates are at least one percentage point higher than they were a year ago. And home prices are higher. That means homes are less affordable than they were, particularly since incomes haven’t risen, in real terms, in years.

That’s good news, and not so good news for

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