Dec 23
Cash Sales Near 50% in These Cities The number of buyers paying all-cash in real estate transactions is falling nationwide, but some places are still seeing a big bulk of their sales from all-cash buyers. Cash sales nationwide accounted for 32.5 percent of total home sales in September, down from 35.9 percent a year …
Dec 22
The 20 Hottest Home Features Right Now Must-have home features are constantly evolving. After all, just a half century ago, shag carpeting in all hues – gold, orange, and purple – were all “in.” But what’s hot with home owners and buyers now? Home staging and design tips: Visit Styled, Staged & Sold Realtor.com® …
Dec 21
Freddie: 2016 Rates to Stay Near Record Lows Mortgage rates edged slightly higher for the second consecutive week and following the Federal Reserve’s decision Wednesday to raise its short-term interest rates for the first time since 2006. “As was almost-universally expected, the Federal Open Market Committee of the Federal Reserve elected this week …
Dec 18
Highest, Lowest of Vacant Homes by ZIP Vacancies in homes are at the lowest level since 2005, according to Census Bureau data. The rental vacancy rate is 7.3 percent while the home owner housing vacancy rate was 1.9 percent for the third quarter of this year. But in some pockets across the country, vacancy …
Dec 17
Swear Off These Bad Habits on Social Media If you’re using social media to expand your connections with customers, make sure you don’t fall for one of these bad habits. Forbes.com highlights a few: Auto-Posting from Facebook to Twitter Your audiences for each social network likely differ slightly, so your messaging should change slightly, …
Dec 16
Do Neighborhood Watch Signs Hurt Sales? Neighborhood watch signs may be intended to show home owners’ that neighbors have one another’s backs but that may not be the message to home buyers. The signs plastered on telephone poles and parks may be a deterrent to home buyers. In Longboat Key, Fla., a debate …
Dec 15
Ally Financial Offers Mortgages Again After two years out of the mortgage business completely, Ally Financial Inc. has decided to re-enter the business and offer new home loans to customers. Ally’s GMAC Mortgage unit was one of the largest lenders of subprime mortgages prior to the 2008 housing crisis. It now plans to offers home …
Dec 14
Fannie, Freddie Halt Foreclosures for the Holidays Mortgage financing giants Fannie Mae and Freddie Mac announced they will suspend foreclosure evictions during the holiday season. The holiday moratorium, which the government-sponsored enterprises have done for the last few years, will begin Dec. 18 and run until Jan. 3, 2016. During that time, Fannie Mae …
Dec 11
Why You Should Avoid Using Periods in Texts English teachers will cringe, but a new study suggests that using a period in your text messages can make the message appear “less sincere” than if no punctuation is used to end a statement. Researchers at Binghamton University’s Department of Psychology studied the communication behavior of …
Dec 10
NAR Teams with Boys & Girls Clubs of America The National Association of REALTORS® has announced that it is partnering with the Boys & Girls Clubs of America to show support for the nation’s youth. Starting in 2016, NAR and BGCA will collaborate to find positive ways to impact communities across the country as …
Dec 09
Repeat Buyers Plunge: Fannie Offers Help The percentage of repeat home buyers has fallen 40 percent between 2002 and 2014, according to mortgage financing giant Fannie Mae’s research. Why the drastic drop? Jude Landis, vice president of single-family credit policy at Fannie Mae, speculates that for home owners who are credit eligible to buy …
Dec 07
Mortgage Rates Still Below 4%, For Now!! For the third consecutive week, the 30-year fixed-rate mortgage dropped, offering home buyers a chance to lock in lower mortgage rates ahead of the Federal Reserve’s largely predicted move to raise federal funds rate later this month. Freddie Mac reports the following averages with national rates for …
