RealtyTrac recently reported that a total of 14% of residential sales in the last year derived from people or institutions buying 10 or more residential properties. This is the highest level since RealtyTrac began tracking home purchases two years ago. Forty-nine percent of last month’s home sales were all-cash, up from 40% in August and […]
Multiple Listing Service of Long Island (MLSLI) reported today that, in Suffolk County, 698 residential properties were sold last month, up from 632 in February. Pending home sales, meanwhile, soared from 896 in February to 1,101 in March. Last month’s pending sales were 12.6% higher than they were 12 months ago, when there were 978 […]
A recent report from CoreLogic announced that 100,000 more borrowers attained positive equity during the third quarter of 2012 while fewer mortgage holders were in negative equity at the same time. In Q3 2012, there were 1.4 million borrowers that moved into positive equity, compared to roughly more than 1.3 million the previous quarter, according […]