Based on prices, mortgage rates and soaring rents, there may have never been a better time in real estate history to purchase a home than right now. Here are five major reasons purchasers should consider buying: Supply Is Shrinking With inventory … [Read more...]
Case Shiller and FHFA Housing Data
In each Economic Update, the Research staff analyzes recently released economic indicators and addresses what these indicators mean for REALTORS® and their clients. Today’s update discusses housing data released by Case Shiller and the … [Read more...]
Immigrants Are Future Home Buyers: Countries of Origin (2011)
The United States attracts about 1 million immigrants (permanent residents) coming annually for family, work, and security or political reasons. In 2011, the top countries of origination were Mexico (143,446), People’s Republic of China (87,016), … [Read more...]
Luxury Housing Market Beginning to Surge
The National Association of Realtors (NAR) in their last Existing Home Sales Report revealed that sales of homes over $1 million dollars in the country increased 44.1% over the same period last year. One of the reasons for this increase is that … [Read more...]
The Fiscal Cliff and Deficits
The fiscal cliff cannot be allowed to occur or the economy will go into a recession. A fresh round of job cuts is the last thing the real estate market needs just as it is emerging out of a prolonged slump. A likely outcome would see small tweaks … [Read more...]
FHA to require PMI for life of loan
If you have clients thinking about an FHA loan, you should tell them to act quickly. Not only is FHA going to be raising the cost of its required mortgage insurance, it’s also going to require that the insurance be kept for the life of the … [Read more...]
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