Remove Days on market Remove Loans Remove Short sale
article thumbnail

Xactus targets lenders through active listing data

Housing Wire

Verification solutions provider Xactus wants to court more lenders through its active listing data in a tight housing market. Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood.

article thumbnail

How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Helali advises consulting your loan servicer, as requirements vary amongst lenders. The process. The timeline.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Why home-price growth is still up 18% year over year

Housing Wire

From Realtor.com : Even with demand weakness in recent months, days on market are still low. Because total inventory data is still low historically, the days on the market are not growing, year over year, per the last two existing home sales reports. From Redfin. However, not to the degree we saw from 2005-2008.

article thumbnail

I Need to Sell My House Fast, What Are My Options?

HomeLight

In a hot market, homes naturally sell fast. Recent statistics from NAR show homes sat on the market an average of just 16 days in May 2021. But in a regular year, your typical days on market could be more like 35-40 days. For that, you can look at days on market data and their transaction history.

article thumbnail

Can I Sell a Home After Owning It 2 Years? Here Are 8 Things to Consider

HomeLight

Forgiven debt can include a short sale, foreclosure, deed in lieu of foreclosure, or loan modification. Here’s a breakdown of some of the costs you may incur: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. of the loan amount.

article thumbnail

Can I Sell a Home After Owning It 1 Year?

HomeLight

Like any investment, you don’t get profit if you hold it a short time.”. Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. of the loan amount. Expect them to run 1% to 1.5% It’s worth the cost.”.

article thumbnail

Do I Accept the First Offer on My House, or Wait and See?

HomeLight

Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. That’s because recent sale prices of comparable homes impact the amount of money you’ll get for yours. The offer is way below market value.