Don’t Let Sellers Get Overconfident A severe inventory shortage may be allowing your clients to believe selling their homes will be quick and easy. That can lead to sellers who believe that they can do less to prep their homes for the market and that buyers will still be willing to pay top dollar. But …
Category: Real Estate Tips
Sep 12
A Sign That More Housing Inventory Is Coming
A Sign That More Housing Inventory Is Coming Homeowners who have decided to stay put in their current properties may soon be ready for a move, helping to relieve stubbornly tight housing inventory. The evidence is in Fannie Mae’s latest Home Purchase Sentiment Index, in which the number of consumers who say now is a …
Sep 11
Zero-Down Mortgage Offered for Doctors
Zero-Down Mortgage Offered for Doctors Medical professionals may be eligible for a mortgage up to $750,000 without a down payment or private mortgage insurance needed. PhysicianLoans, an Ohio-based mortgage lender, says its “Doctor Loan” is available to medical doctors, dentists, and veterinarians. The company lends in 18 states, including Georgia, Michigan, Minnesota, Pennsylvania, Ohio, Texas, …
Sep 08
Myths Sellers Believe About Pricing Their Home
Myths Sellers Believe About Pricing Their Home Many home sellers succumb to myths about home pricing that don’t match the reality of the housing market. Realtor.com® recently highlighted several of those common pricing myths, including: You won’t always make money on the sale of a home. Home sellers shouldn’t always assume they’ll walk away …
Sep 07
Hispanic Home ownership Surges
Hispanic Home ownership Surges Hispanics are increasingly making up what’s considered the typical American home buyer, Curbed.com reports. Latinos are expected to make up 52 percent of new home buyers between 2010 and 2030, largely driven by the country’s 14.6 million Latino millennials. Since 2000, the number of Hispanic households has jumped by 6.7 million, …
Sep 06
Homeowners ‘Stuck’ In Starter Homes
Homeowners ‘Stuck’ In Starter Homes Prior to the housing crisis, many consumers were in the mindset of buying a “starter home” to stay in for five or six years and then move on to a larger space as their family grew. But the idea of the starter home has become a fading memory. Homeowners don’t …
Sep 01
Short Supplies Pummel Home Sales
Short Supplies Pummel Home Sales Contract signing mostly stalled last month as housing shortages across the country continued to hamper home sales, the National Association of REALTORS® reported Thursday. The West was the only major region of the U.S. to see an uptick in pending July home sales. Overall, NAR’s Pending Home Sales Index—a …
Aug 31
Flooded Homes Can Be Fixed
Flooded Homes Can Be Fixed As Hurricane Harvey moves off the coastline of Texas, it’s leaving massive flooding in its wake that has destroyed homes and businesses. Until the floodwaters recede, cleanup efforts are mostly on hold. But remediation companies say they’re ready to jump into action as soon as they’re able. In preparation …
Aug 30
REALTORS® Promise to Send Help to Texas
REALTORS® Promise to Send Help to Texas As the rains slowly subside in Texas and the full scale of Hurricane Harvey’s destruction comes into focus, the National Association of REALTORS® is calling on members nationwide to donate funds to the REALTOR® Relief Foundation to support storm victims. The RRF, whose goal is to help …
Aug 29
Fannie Loosens ARM Down Payment Rules
Fannie Loosens ARM Down Payment Rules Fannie Mae is changing the requirement that borrowers pay a higher down payment to qualify for an adjustable-rate mortgage, announcing that it is bringing this type of financing more in line with that of fixed-rate mortgages. Now, borrowers can make as little as a 5 percent down payment on …
Aug 28
Inventory Relief for Desperate Buyers
Inventory Relief for Desperate Buyers If your buyers have been frantically searching for a home as the inventory crunch grows tighter, some relief may be on the way. It’s a challenging environment, with homes in July selling at the fastest pace this year, prompting “desperate buyers to bid up prices and move quickly to close,” …
Aug 25
20 Markets Dominating in August
20 Markets Dominating in August Half of the 20 hottest housing markets in August were located in California. Vallejo, Calif., held on to its top spot in realtor.com®’s “hot list” this month. Realtor.com® ranks the top 20 medium-to-large metro markets where homes are selling the fastest and where buyers are searching the most on …
