The NAHB just reported that the recent increase in prices may be adding inventory to the housing market because sellers that previously couldn’t sell now can. The Federal Housing Finance Agency reported national home prices were up 6.5% from January 2012 to January 2013. Total inventory currently represents a national supply of 4.7 months versus […]
The National Association of REALTORS® has just released their 2013 Profile of Buyers’ Home Feature Preferences which evaluates the home features buyers are looking for, paid for, and what they would spend more money on. This report also evaluates regional, gender, and age differences.
Baby Boomers are individuals born between 1946 and 1964 – and they are a very important part of the new home industry due to their strong buying power. Not only have they worked for many years and have equity in their existing homes, but they also have inherited the largest passing down of wealth from […]
Denise’s recent Zebra Report article about “Pricing in the Land of “No Comps” was just picked up by the Georgia Association of REALTORS® and is featured in their March/April issue of their Georgia REALTOR® magazine. To view the article as featured in the magazine, please Click Here! Once there, see pages 8 – 10 for […]
The Commercial Sector Is Improving! According to Lawrence Yun, NAR chief economist, the commercial real estate market is continuing to improve due to an improved economy and an increase in jobs. Good news! To visit the National Association of Realtors® website and read the original article “Commercial Real Estate Sectors Steadily Improve” please, Click Here!
The real estate market is alive and well! The multiple offers we are seeing on so many listings is proof of that. With resurgence in our market comes a rapid decline in inventory. One of my clients recently reported that they had over 50 groups in their open house and that they expected over 10 […]
Mortgage rates for a 30 year mortgage hit a four-month high yesterday at 3.53% according to Bloomberg Businessweek. Just how high will mortgage rates creep this year according to the Mortgage Bankers Association? To read the full article, Click Here. If you have buyers on the fence or wanting to wait out short inventories, this […]
Median Home Prices Hit Seven Year High: The National Association of Realtors (NAR) recently reported in their quarterly findings that the median home prices in the fourth quarter of 2012 showed its highest year-over-year increase in seven years. The median existing single family home prices rose in 133 of the 152 metropolitan statistical areas (MSA’s). […]
In his “State of the Union” address this week, President Obama indicated that although the housing market is “healing”, tight mortgage lending conditions are holding the economy back and this needs to be fixed. Furthermore, the president asked Congress to send him the bill which would give “every responsible homeowner in America the chance to […]
A number of articles of late have alluded to changes that may be happening in the mortgage industry. These possible changes include mortgage products becoming more available and more creating programs being available. Changes to the lending requirements could include lower FICO scores as well as creative programs for individuals who lost their home to […]
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