Team Thayer Property Servicing

Foreclosure Filings in US Hit Six-Year Low The number of foreclosure filing in the United States were down 23 percent in April from a year, according to new data from RealtyTrac. Foreclosure filings, including default notices, auctions and repossessions were 5 percent below the previous month’s levels. The activity was the lowest since February, 2007, the firm said

Economic Focus Okay, this week has really defined the trend for mortgage rates, or at least for the short term.  The rates shown below look just like last Friday's; but that's because the pricing hasn't really changed drastically, but next week could easily show rates higher.  Most of the movement came from a fair amount of optimism in the markets.  This optimism, real or imagined, was due primarily to a better than expected report on new claims for unemployment, and the fact that there were very few reports issued this week. There are several important releases due out next week, so depending on how they are received we will likely see more volatility in the markets.  Again, mortgage rates will not prevent buyers from buying, but the perception of increasing rates could stir them into action.  I hope you are working on listings!! Just a reminder that in three weeks ( 6/3/13 ) the new FHA guideline goes into effect, which will require your buyers to keep...

This is so very important. I can't stress this point enough. I am in the process of buying 2 single family rental homes right now. These guys do not miss an opportunity to control  our communities assets and wealth.  If they buy the houses it will severely limit local investors and home owners.  Read the proof I have compiled below! Justin Thayer Investor / Broker / Team Thayer Real Estat / LJT Inc. /   Key Reality group LLc / 541-543-7287 "The Next Big Thing on Wall Street" "The business of buying foreclosed homes, renovating and renting them out is morphing from a largely mom-and-pop business into the next big thing on Wall Street. Blackstone Group LP has become the biggest U.S. investor in single-family rental homes by spending more than $1 billion since the start of 2012 to acquire more than 6,500 foreclosed homes ... fresh evidence that the purchase of foreclosed homes, which began as a mom-and-pop pursuit, is ...

Wall Street investment firms are feverishly grabbing single-family homes, the Washington Post reports. Wall Street's been buzzing about this trade for a while. Institutional investors are taking advantage of cheap inventory, combined with our low interest rate environment, to make double digit returns from renting or re-selling homes. As a result, markets in some places are recovering rapidly — Phoenix, for example, has seen single-family home prices rise 23% in the past year. There are questions as to whether this situation is good for the average consumer. If prices rise while jobless rates remain high, it could take longer for the "end-user" of a property to raise the cash to afford a home. From WaPo: “Clearly the investors are moving markets in some places,” said Dean Baker, co-director of the Center for Economic and Policy Research and author of a popular housing blog. “In some markets at the bottom end, you are looking at 30 or 40 percent gains ...

The obscene greed-and-arrogance stories emanating from Wall Street are piling up so fast, it's getting hard to keep up. This one is from last week, but I missed it – it's about the foreclosure/robo-signing settlement that was concluded earlier this year. The upshot of this story is that in advance of that notorious settlement, the government ordered banks to hire "independent" consultants to examine their loan files to see just exactly how corrupt they were. Now it comes out that not only were these consultants not so independent, not only did they very likely skew the numbers seriously in favor of the banks, and not only were these few consultants paid over $2 billion (over 20 percent of the entire settlement amount) while the average homeowner only received $300 in the deal – in addition to all of that, it appears that federal regulators will not turn over the evidence of impropriety they discovered during these reviews to homeowners who may want to sue th...

Watch "Navy SEAL Training - Team Life - Froglogic Motivational Training.m4v" on YouTube

USA TODAY The National Association of Realtors says its seasonally adjusted index for pending home sales rose 1.5% to 105.7. That's the highest since April 2010, when a homebuyer's tax credit boosted sales. It's also above February's reading of 104.1. Signed contracts are 7% higher than a year earlier. There is generally a one- to two-month lag between a signed contract and a completed sale. Still, sales are being held back by limited supply. Sales of previously occupied homes dipped in March to a seasonally adjusted annual rate of 4.92 million, from 4.95 million in February. Total existing-home sales are projected to increase 6.5% to 7% over 2012 to nearly 5 million sales this year, the Realtors said, while the median existing-home price is forecast to rise about 7.5%. An index of 100 equals the average level of contract activity during 2001, when home sales were in the range of 5 million to 5.5 million. The NAR says the index for the Northeast was unchange...