Why Buyers May Lose If They Don’t Act Now Rising mortgage rates could have a big impact on the direction your buyers choose when shopping for real estate, economists warn. “Every time the interest rates go up, you eliminate a group of people who can no longer afford to buy a house,” Don Frommeyer, a mortgage …
Category: Real Estate Tips
Mar 12
Is the Market Suddenly Softening?
Is the Market Suddenly Softening? The housing market may not be as robust this spring as some originally predicted, and real estate professionals are pointing to the main culprits as rising mortgage rates, a new tax law, and growing affordability problems among first-time buyers. The spring market will be the true judge of whether the housing …
Mar 07
4 Activities That Waste Your Time
4 Activities That Waste Your Time You may attempt to optimize your work time by hiring assistants or support staff, upgrading tools and equipment, and improving your systems. Even so, you may not be taking advantage of every minute in the day. What activities are wasting your time at work? Business news website SmallBusinessTrends.com flags …
Mar 06
Manufactured Homes to Ease Housing Shortages?
Manufactured Homes to Ease Housing Shortages? The federal government may increasingly be eyeing manufactured housing as one potential solution to ease shortages of affordable homes across the country. Mortgage financing giants Fannie Mae and Freddie Mac announced plans in January to purchase more manufactured housing loans over the next three years. Further, the U.S. Department …
Mar 05
Robots Suit Up for Bigger Roles in Real Estate
Robots Suit Up for Bigger Roles in Real Estate Several new companies are introducing robots that could reshape how property is rented and sold. Robots are showing properties, creating floor plans, and shooting videos of homes and freeing the time of agents to focus on other tasks in a transaction. The Wall Street Journal recently …
Feb 27
8 Hot Markets for Millennials, Gen X, Boomers
8 Hot Markets for Millennials, Gen X, Boomers Because millennials, Generation X members, and baby boomers are in different stages of their lives, they are seeking different types of real estate markets that meet their specific needs. Realtor.com® found the hottest locations for each age cohort based on migration data for each of the major …
Feb 26
The Power of Flowers in Your Listings
The Power of Flowers in Your Listings Forty-eight percent of the country has recently been covered in snow, according to the National Weather Service. If the cloudy skies and muted winter landscape have your listing looking ho-hum, try some greenery to get potential buyers thinking about spring. According to a Harvard University study, seeing flowers first …
Feb 23
Spring May Not Be Pretty for First-Time Buyers
Spring May Not Be Pretty for First-Time Buyers A shortage of homes and surging prices are hitting first-time buyers particularly hard heading into the spring season. The share of first-time homeowners dropped to 29 percent of all existing-home sales in January, down from 33 percent a year ago, according to the latest housing report from …
Feb 22
Home Sales Off to Sluggish Start
Home Sales Off to Sluggish Start Blame it on the housing shortage: Existing-home sales posted their largest declines on an annual basis in more than three years, the National Association of REALTORS® reported Wednesday. All major regions of the U.S. saw monthly and annual sales decline in January. “The utter lack of sufficient housing supply …
Feb 20
Climbing Mortgage Rates Reach 4-Year High
Climbing Mortgage Rates Reach 4-Year High Mortgage rates continued to inch higher this week, marking the sixth consecutive week for borrowing cost increases for home shoppers. “Wednesday’s Consumer Price Index report showed higher-than-expected inflation; headline consumer price inflation was 2.1 percent year-over-year in January, two-tenths of a percentage point higher than the consensus forecast,” explains …
