Jan 13
5M Buyers Could Save Big Mortgage rates have been near record lows for years, but still more than 5 million borrowers who could qualify and benefit from refinancing have not taken advantage, shows a new report from Black Knight Financial Services. Mortgage rates have recently fallen back below 4 percent. That means about 2.4 million …
Jan 12
Foreign Investors See Big Opportunity in U.S. Foreign investors are expected to pour more money into U.S. real estate this year than they did last year, according to a newly released survey by the Association of Foreign Investors in Real Estate of about half of the group’s 200 members. The survey showed that …
Jan 11
Apartment Rents Are Still Skyrocketing Apartment rents surged 4.6 percent in 2015, posting the largest gain since before the Great Recession. It’s a good time to be a landlord, but not a renter, according to the latest report out by Reis, a real estate research firm. Apartment rents nationwide now average nearly $1,180, which is …
Jan 08
When Selling a Smart Home, Don’t Look Stupid In more home showings today, you may need to show off a home’s high-tech features, including the ability to control lights, thermostats, and a home’s appliances from a smartphone, tablet, or central hub in the home. Smart home technology has grown drastically in recent years as …
Jan 07
Character Limit on Tweets to Expand Twitter users are accustomed to the 140-character limit. But it looks likely that they won’t have to boil down their thoughts to pithy phrases much longer. Yes, the social media platform is considering expanding their character limit. A lot. Twitter says they plan to release a new feature that …
Jan 06
The ‘Missing Link’ in Housing For years, first-time home buyers have made up around 40 percent of all buyers. However, since the recession, this percentage has been shrinking. In 2015, they made up just under 30 percent of the market share, according to the National Association of REALTORS®. The decrease of first-time home buyers …
Jan 05
CFPB Moves to Calm Fears Over Minor Closing Errors Just before the close of 2015, the Consumer Financial Protection Bureau told bankers that they won’t be held liable for most minor errors in loan processing and paperwork under new mortgage disclosure rules, known as the “Know Before You Owe” rule or TRID. The …
Jan 04
REALTORS®’ Top Concerns Heading into 2016 An improving job market, still-low interest rates, and recent measures to make credit more accessible are all offering help to the housing market’s recovery, but several challenges prompting closing delays remain. The latest REALTORS® Confidence Index conducted in November reveals some of the top concerns on real …
Dec 31
Wishing all my blog follower, friends, family and clients past present and future a very Happy New Years.
Dec 30
More Homes Come With ‘Pet Suites’ More spaces are being carved out for pets today, and the trend is even inspiring new home designs. More than half of U.S. households now own a pet, according to a survey of more than 20,000 home shoppers by John Burns Real Estate Consulting. Forty-five percent of those surveyed …
Dec 29
Biggest Winter Home Risks The winter season is a prime time for house fires. Half of all destructive fires tend to occur in December, January, and February, according to the National Fire Protection Association. But most home fires are preventable. Here are some leading culprits to watch for: Space heaters. These devices are the leading …
Dec 24
Common Building Blunders Building inspectors and energy raters shared with BUILDER online the top complaints about common “construction sins,” from improperly installed ductwork to leaky windows. Here are a few blunders that made its list. 1. Attic ductwork: Inspectors – particularly those in hot, humid southern states – say they’re always taken aback when …
