Excluding Distressed Sales, Home Prices Are Going Up

When excluding distressed sales, such as short sales and REO transactions, prices actually increased on a month-over-month basis in February, according to the February 2012 Home Price Index released by CoreLogic Wednesday. Though, when including distressed sales, prices decreased compared to the month before. Month-over-month home prices increased by 0.7 percent in February when not [...]

Average 30-year mortgage rate a record 3.91 pct.

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage fell to a record 3.91 percent this week, the third time this year that rates have hit new lows. Freddie Mac said Thursday that the average on the 30-year home loan fell from 3.94 percent the previous week. The 3.91 percent rate is the [...]

Westchester’s Real Estate Inventory Update

Currently on the market there are: 4157 single family homes 957 condominiums 1174 Co-ops 24 Hour Market Watch: In the past 24 hours 64 new properties came on the market, 61 properties were reduced in price, and 32 homes were sold. If you would like information on statistics for your area, please call or send [...]