Real Estate Data and Trends

Active Listings: 35,204; Short Sales, 26.5%, REO, 15.5%;

AWC/Pending: 18,311, an increase of 1,100 over last week; Short Sales, 54%; REO, 22.5%;

Sold: 1/8-2/8/2010; 6,297, a 23% increase over same period 2009; Short Sales, 22%; REO, 43%, Cash, 43.5%; Conventional, 24.5%, FHA 27%

New Listing: 1/1-2/8/2010, 15,953, a 63% increase over same period 2009; Short Sales, an increase of 1.55% over same period 2009 (4,528 vs 1,778); REO a 14% decrease over 2009 (4,253 vs 4,956).

 

Current Mortgage loan rates at approximately 5%, 30 year fixed.

  • Mortgage loan rates expected to increase in late Spring. 

 

30 year fixed rate amortization, Principal and Interest

Loan Amt   5%          6%        P/Mo     7%       P/Mo       +2%P/Yr

$50,000     $268       $300     +$32    $333     +$65       $780

$100,000   $537       $600     +$63    $665     +$128     $1536

$150,000   $805       $900     +$95    $998     +$193     $2316

$200,000   $1,073    $1200   +$127  $1331   +$258     $3096

$250,000   $1,342    $1500   +$158  $1663   +321       $3852

 

  • Less than 80 days to contract for tax credits