Home Prices what’s really driving them? The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year-over-year gains. The big price drives are: 1. The rise in housing affordability – which is drawing more buyers out into the market who are looking to cash in …
Tag: News
Nov 19
Real Estate Agent Bonuses Offered on Freddie Mac REO Sales
Real Estate Agent Bonuses Offered on Freddie Mac REO Sales. Freddie Mac announced that it is offering $1,000 bonuses to real estate agents representing buyers of one of its HomeSteps REO properties. Listing agents may be eligible for $500. The agent bonus program applies to 20 states. To receive the bonus, offers must be received …
Nov 19
Mortgage Rates Fall into Record-Breaking Territory
Mortgage Rates Fall into Record-Breaking Territory Mortgage Rates Fall to new all-time lows this week, pushing homebuyer affordability even higher for those who can qualify. “The Fixed Mortgage Rates Fall to record lows on indicators of higher consumer confidence and wholesale prices,” Frank Nothaft, Freddie Mac’s chief economist says. The following are the national averages of the Mortgage …
Nov 16
Federal Housing Administration may require bailout money.
Federal Housing Administration may require bailout money. Will the Federal Housing Administration Need a Bailout? The Federal Housing Administration may require bailout money from the federal government to stay afloat, media outlets are reporting. The FHA insures mortgage lenders against losses. A high number of mortgage delinquencies is at blame, according to sources. “The Federal Housing Administration …
Nov 16
Where Do Home Buyers Look the Most on the Web?
Where Do Home Buyers Look the Most on the Web? Today’s Home Buyers are no stranger to using the Internet when home shopping. In fact, most Home Buyers find the house they eventually buy first by searching on the Internet, according to buyer surveys. So where do they turn most frequently for their information? Home …
Nov 14
Fannie and Freddie what’s in store for them?
Fannie and Freddie what’s in store for them? There were more questions raised than answers provided about the future of government-sponsored enterprises (GSEs) Fannie and Freddie and their continued role in the secondary mortgage market at the Regulatory Issues Forum Friday during the 2012 REALTORS® Conference & Expo in Orlando. Today, the GSEs have too much market …
Nov 14
Succeed in Commercial Real Estate as a Residential Broker
Succeed in Commercial Real Estate as a Residential Broker Looking at residential agents breaking into commercial real estate, David J. Murphy, senior vice president of CBRE Inc., sought to dispel the myth that to Succeed in Commercial Real Estate was an intimidating venture. Instead, Murphy insisted that residential agents’ strong sales skills provide enough of a …
Nov 12
Mortgage Delinquencies Reverse Course, Inch Up
Mortgage Delinquencies Reverse Course, Inch Up More Americans were late on their mortgage payments in September, as the national mortgage delinquency rate rose to its largest increase in four years, according to Lender Processing Services’ September Mortgage Monitor report. The national mortgage delinquency rate increased 7.7 percent in September from August. Despite the uptick, mortgage …
Nov 12
Mortgage Rates Stay Low, Keep Buying Power High
Mortgage Rates Stay Low, Keep Buying Power High A year ago at this time, 30-year fixed-rate mortgages dropped below 4 percent for the first time since Freddie Mac started reporting national average mortgage rates in 1971. Thirty-year rates have fairly much stayed below 4 percent since then too, continuing to hover near all-time record lows …
Nov 09
Americans Get More Confident About Home Buying
Americans Get More Confident About Home Buying The percentage of Americans who have been waiting to buy a home over concerns about the economy has dropped by more than half since 2010, a new survey by FindLaw.com says. Sixty-three percent of Americans surveyed said in 2010 that they were putting off home buying decisions because of …
Nov 09
Superstorm Sandy’s Damage Extends to Office Sector Values
Superstorm Sandy’s Damage Extends to Office Sector Values Superstorm Sandy not only damaged residences across the East Coast but also destroyed several office buildings — which is particularly being hard-felt across Manhattan, real estate executives said at the New York University Schack Institute of Real Estate Capital Markets in Real Estate conference. Thousands of downtown …
Nov 08
Mortgage Demand Falls After Sandy
Mortgage Demand Falls After Sandy Applications for home loans purchases and refinancing dropped 5 percent last week as tropical storm Sandy ravaged the East Coast and disrupted normal business activity, the Mortgage Bankers Association reported Wednesday. Due to the severe storms, mortgage application demand posted the big falls in New Jersey, where applications fell 60 …
