McMechen Real Estate News
Real Estate news for McMechen, WV continually updated from thousands of sources.
Aug 24, 2015 | via Mortgage News Daily
Black Knight Financial Services said on Monday that as of the end of June home prices nationally had returned to within 5.8 percent of their peak exactly nine years earlier. The company's Home Price Index Report said that the HPI in June was $252,000 compared to $268,000 at the June 2006 peak and has regained 26 percent in value since the market bottom of $200,000 in January 2012. Comment?
Jul 28, 2015 | via The Inter-Mountain
Editor's note: The Elkins-Randolph Board of Realtors, comprised of 67 agents in Tucker, Randolph and Barbour counties, offers the following report. Comment?
Jul 22, 2015 | via Martinsburg Journal
West Virginians have achieved part of the American dream, home ownership, at a substantially higher rate than people elsewhere in the country. But generally, we believe in buying only the homes we can afford, and bankers tend to hold us to that, as the comparatively low rate of mortgage foreclosures here demonstrates. Comment?
Jul 21, 2015 | via Marietta Times
The West Virginia Housing Development Fund's home mortgage interest rate has dropped below 2.81 percent, the lowest level in the fund's history. Gov. Earl Ray Tomblin and the fund announced the rate for a 30-year fixed rate loan on Tuesday in a news release. Comment?
May 29, 2015 | via Bangor Daily News
Asset forfeiture or asset seizure is a form of confiscation of assets by the state. It typically applies to the alleged proceeds or instruments of crime. Comment?
2 min ago | via Business Wire
The timeline extension was not applied in the analysis of this transaction. Fitch felt comfortable with the transaction's proposed credit enhancement levels without the additional timeline extension due to the high levels of loss protection relative to Fitch's base-case loss estimate, the significant percentage of the pool with more than two years clean payment history and the high percentage of the mortgage pool with clean due diligence results. Comment?
5 min ago | via Brandon Sun
Average long-term U.S. mortgage rates slipped this week after they climbed recently expectations that the Federal Reserve may soon raise its key short-term interest rate. Mortgage buyer Freddie Mac said Wednesday the average rate on a 30-year fixed-rate mortgage slipped to 3.95 per cent from 3.97 per cent a week earlier. Comment?
5 min ago | via The Real Deal
The latest batch of reports found that nearly half of Brooklyn's new development inventory has been sold and multifamily dollar volume reached $1.7 billion in September. Manhattan's absorption rate fell slightly to 4.1 months in November. Comment?
6 min ago | via Sunday Herald
The Government plans to sell off a further A 25 billion of Royal Bank of Scotland shares as it accelerates its programme to dispose of taxpayer stakes in high street banks. It intends to sell this chunk of shares over the course of this Parliament, which ends in 2020, and plans to sell a further A 5.8 billion of RBS shares in 2020-21, according to the details of Chancellor George Osborne's Autumn Statement. Comment?
54 min ago | via Sydney Morning Herald
As many first time buyers turn to the bank of mum and dad to top up their deposits, a new report "Parental guidance not recommended" warns Australians are being caught up in a classic "Ponzi scheme". The report by economic consultancy LF Economics - which has previously sensationally warned of a "bloodbath" when Sydney's property bubble bursts - estimates it will now take the average first time buyer in Sydney nine years to save a deposit, up from three years in 1975. Comment?
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