Office: 704.770.6825
Fax: (888) 216-0292
Email: dawnhrodgers@gmail.com
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Dawn Hall Rodgers
Owner/Broker In Charge
Phone: 704.770.6825
Fax: 888.216.0292
Licensed Broker in NC, SC & FL
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Trey Rodgers
Sales Associate
Phone: 803.804.0985
Fax: 888.216.0292
Land, Farms & Investments, Licensed in SC, NC & FL
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RECENT HEADLINES
Beware of Internet Vacation Rental Scams and House Renting Scam
SCR has recently received reports of internet criminals seeking to operate various vacation rental and housing scams. Internet criminals post bogus real estate rental ads on various rental sites and try to masquerade as the property owner. The crooks may even adopt the name of the real owners as part of the con in an attempt to get renters into filling out rental application
What’s Ahead for Home Prices in 2012?
The bad news is that the median home price nationally has plunged nearly 40 percent in the past five years. The good news is that the worst is over, and a chief economist at Moody’s Analytics says that this year’s decline will be limited to 3 to 5 percent, setting the stage for gains in 2013.
Big Banks Face Probe Over Home Insurance
A New York state financial services agency is investigating several large banks, including Bank of America and Wells Fargo, to see whether they fraudulently steered homeowners into overpriced insurance policies. The investigation centers on so-called “forced-place” insurance.
Pilot Program Would Turn Foreclosures into Rentals
Federal officials hope to launch a pilot program early this year that will convert government-owned foreclosures into rental properties. The program would sell foreclosed homes now owned by Fannie Mae and Freddie Mac to investors in bulk; the properties then would be converted into rentals.
Unemployed May Receive Additional Mortgage Relief
Unemployed home owners who have mortgages backed by Fannie Mae or Freddie Mac may be eligible for up to a 12-month reprieve from paying their mortgage or paying reduced payments for that time period. Currently, the mortgage giants’ program allows six months of relief to the unemployed.
N.C. Economic Outlook: Gray
Economists are predicting a sluggish economic recovery for North Carolina and the nation in 2012, toning down their forecasts after several years of overly optimistic predictions that widely missed their mark.
N.C. Remains a Top Destination
N.C. ranked the fifth most popular state for inbound moves as more households are moving to East Coast states while leaving Rust Belt states, according to the latest Atlas Lines Migration Patterns study.
Foreclosures May Delay Housing Rebound to 2013
According to a recently released survey of economists, U.S. home prices are predicted to fall further under the weight of foreclosures and not rebound until 2013. When values do rise, the gains probably won’t match those seen in the years prior to the bursting of the bubble in 2006.
Foreclosure Backlogs Could Take Decades to Clear Out
According to LPS Applied Analytics, it would take lenders in North Carolina approximately seven years at their current pace to clear pipelines of homes that are seriously delinquent or already in the foreclosure process. If that seems like a lot, consider that some states face a 50-year backlog.
Don’t Believe the Rumor about First-Time Homebuyers
After a rash of first-time homebuyer activity a few years ago, many have suggested that these first-timers have disappeared. Quite the contrary, first-time homebuyer activity has been steady this year, ranging from 32 to 36 percent of existing home sales through the spring and summer months.
Home-Ownership Rate Climbs in Third Quarter
Suggesting that the three-year decline in homeownership may be starting to improve, the nation’s homeownership rate ticked up in the third quarter.
Fed Focuses on Lifting Ailing Housing Market
A fresh emphasis on healing the housing sector by officials at the Federal Reserve, in the Obama administration and in state capitals reflects the view that many in the real estate industry have had all along – a healthier real estate market would go a long way in strengthening the economy.
Fannie Mae Faces Tough Scrutiny
Fannie Mae’s finances have grabbed the attention of Congress recently with one lawmaker requesting a detailed breakdown of administrative expenses while another prepares to convene a hearing to investigate the compensation of Fannie Mae’s senior executives.
Congress Extends Flood Insurance Until Nov. 18
Congress has extended National Flood Insurance Program (NFIP) authority as part of a broader stopgap government funding measure, the Continuing Appropriations Act (H.R. 2608). This latest extension will run through Nov. 18, 2011. NAR is urging Congress to use the additional time to complete work on a 5-year NFIP re-authorization bill (H.R. 1309) to provide certainty and avoid further disruption to real
Bernanke: More needs to be done to help housing
Federal Reserve Chairman Ben Bernanke urged lawmakers to form "strong housing policies to help the housing market recovery" and advance the economy. Bernanke made teh comments during a Q&A session following a speech in Cleveland on Tuesday about emerging market economies.
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