Q: In many markets, the inventory of listed homes is very low and dropping. Yet the number of home sales is rising. What’s the answer to that puzzle? A: A rising number of off-market (nonlisted) home sales are occurring. ...Read More »
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The demand for apartment units continues to grow while rents remain flat in most markets. Apartment vacancies fell by 1 percent in the third quarter to 4.2 percent, according to a preliminary look of the ReisReports third-quarter market report for ...Read More »
Some people view the housing market as being soft, due to certain negative reports. However, Moody's Analytics predicted the housing market will remain strong through 2014 and 2015.Read More »
Many homeowners who currently have an FHA or VA mortgage don't realize what a good marketing tool they have. These loans can be quickly and easily assumed by a new buyer.Read More »
One of the most overpriced closing costs when buying or selling a home is now getting more expensive. Homebuyers and sellers have long complained about the exorbitant cost of title insurance coverage when computer technology has substantially simplified and sped up the property searching process.
Tagged with: American Land Title Association another housing bubble cost of title insurance factors affect mortgage rates Fannie Mae and Freddie Mac Jim Woodard rising home prices underwater mortgagesRead More »
When I started writing this real estate column in June 1971, the average mortgage rate was 7.53 percent, according to Freddie Mac. The median home price was $26,100. Today, the trend is definitely upward, with occasional short-term dips to remind us of the market's volatility.Read More »