Rents continue to inch up, soaring more than 5 percent nationwide in the 12 months ending April 31. In some places, rents have increased by more than 15 percent in that time period. The following five metro areas have seen some of the biggest increases in rental prices — more than 10 percent — in the 12 months ending April 31, according to recently released data by Trulia: 1. Edison-New Brunswick, N.J. Change in rent in 12 month period:...

As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. I constantly research the market and property values so your home is priced effectively from day one & you...

Many housing experts for months have been warning a foreclosure wave would soon flood several markets throughout the country. But was it all a false alarm? Recent surveys have shown that foreclosure sales have dropped to their lowest point in more than two years. And while according to March data, 8 percent more homes did enter the foreclosure process from the previous month, that number is down more than 30 percent from a year ago,...

Mortgage workouts at Freddie Mac dropped to 14,000 in the first quarter from 35,000 a year ago and 50,000 in mid-2010. The change is attributed to a decrease in seriously delinquent loans to $72.8 billion in the first quarter from $82.1 billion a year earlier and to the transition of borrowers ineligible for HAMP to the new Standard Modification program. Freddie Mac also reported a jump in the number of modified loans that were current and...

Despite bad news on the jobs front Friday, more Americans believe home prices and opportunities for buyers and sellers will increase over the next 12 months, Fannie Mae said Monday. Americans on average expect home prices to jump 1.3% over the next year, according to Fannie’s April 2012 National Housing Survey. The GSE surveys 1,000 random Americans to come up with the latest results each month. The percentage of Americans who believe...

A look at stories across HousingWire’s weekend desk, with more coverage to come on bigger issues: As they witness a steady flow of new and existing households in and out of the ownership market, housing analysts at Bank of America ($7.73 -0.06%) say the nation’s homeownership rate will decline further. The rate will eventually fall to about 63% and remain there, they say, pulled down by the continued flow of foreclosures. Some 34.6%...