Feb 28
Contract Signings Would Be Higher If… Pending home sales weakened in January as insufficient supply levels of homes for sale continues to press on many markets, particularly in the Midwest and West, the National Association of REALTORS® reported Monday. NAR’s Pending Home Sales Index, a forward-looking indicator based on contract signings, dropped 2.8 percent …
Feb 27
What Threatens Your Closings the Most The majority of contracts settle on time, but more than a quarter of practitioners are citing delays due to common culprits. In the latest REALTORS® Confidence Index report, 29 percent of real estate professionals say they faced a delay to settlement and 5 percent reported a contract that was …
Feb 24
Where FHA Loans Are the Most Popular In 2016, 15.5 percent of home purchases were completed using Federal Housing Administration loans, according to ATTOM Data Solutions. For many borrowers, the FHA requires a down payment of just 3.5 percent of the purchase price of a home. The following are the eight metros with populations …
Feb 23
Existing-Home Sales Reach Decade High Existing-home sales in January reached their fastest pace in nearly a decade, with all major regions except the Midwest posting gains last month, the National Association of REALTORS® reports. Sales By Region Here’s how existing-home sales fared across the country in January: Northeast: Rose 5.3 percent to an annual …
Feb 22
Blogging – The Top Way to Nab More Search Traffic The best way to get more search traffic to your website: Blogging. That said, it takes a lot of blogging to see results. HubSpot, an inbound marketing and sales software company, reviewed the blogging frequency and website traffic of 13,500-plus of its customers. They …
Feb 21
Mortgage Rates: Is It a ‘Year Full of Surprises’? Mortgage rates fell slightly for the second consecutive week, taking a path that many economists haven’t expected. “For the last 46 years, the 30-year mortgage rate has been almost perfectly correlated with the yield on the 10-year Treasury, but not this year,” says Sean Becketti, Freddie …
Feb 20
from brjr61 449 E Woodland Ave, Springfield, PA 19064 (02/18/2017) “I actually, listed 2 properties with Anthony beginning in May 2016. The first property was a vacant commercial lot that sold within Days. The second was a rental property that sold within 6 months. Anthony was Friendly, honest and professional throughout the whole process and helped provide …
Feb 17
Modified Loans Re-defaulting at Faster Rates Loans that have been modified since 2014 are re-defaulting at faster rates than those that were modified in prior years, according to a new report. Seventy-five percent of the loans that re-defaulted did so within the first two years after receiving a loan modification, according to analysis of Fannie …
Feb 16
Gap Grows Between Owners and Appraisers The disconnect between homeowner estimates and appraiser opinions when it comes to home values grew for the second consecutive month, according to Quicken Loans’ National Home Price Perception Index. The average appraisal value was 1.47 percent below what owners expected in January. The shift comes after a six-month stretch where …
Feb 15
Luxury Owners Rethink How They Use Space Some luxury owners are scaling back the number of bedrooms in a home to leave more space for hobby rooms and other amenities that can raise the property’s value, The Wall Street Journal reports. But some real estate experts warn that fewer bedrooms could turn into …
Feb 14
Don’t Underestimate Power of Pets Pets are having more of an influence in home buying and selling as well as renovation, a new study by the National Association of REALTORS® shows. Eighty-one percent of Americans say that animal-related considerations play a role when deciding on their next living situation, according to the 2017 Animal House: Remodeling …
Feb 13
Here Come 59 Million Buyers! One in four U.S. adults say they are considering buying a home this year, which extrapolates to a whopping 59 million people, according to a recent survey by Bankrate.com. Minorities are expected to be big buyers this year. More than two in five black survey respondents said they were considering …
