Several government agencies are reviewing data to determine what will be the minimum down payment required under the new Qualified Residential Mortgage (QRM) guidelines scheduled to be revealed in the next few months. In the original Mortgage Market … [Read more...]
Foot Traffic: Minot Board of REALTORS® (ND)
Foot traffic can give a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Despite the oil-driven economic boom in North Dakota, sales and foot traffic fell off sharply in … [Read more...]
Senator Mark Warner will talk with Virginia Realtors at GetActive
(Updated 1/22 to clarify that Warner will be speaking via private videoconference; his schedule precluded him from appearing in the flesh.) What does 2013 have in store for Realtors® and real estate on Capitol Hill? Virginia senator and former … [Read more...]
Foreclosure Trends VERY Different in Different Markets
Last week, RealtyTrac released their Year-End 2012 U.S. Foreclosure Market Report™. The report revealed foreclosure trends over the past few years. Here are a few of the key findings: A total of 2,304,941 foreclosure filings — default notices, … [Read more...]
VREB launches new forms
The Virginia Department of Professional and Occupational Regulation — that’s DPOR — has released new versions of all its real estate forms applications (and other such forms). You need to begin using them immediately. And when we … [Read more...]
There Are Still Some Bears Out There!
Most real estate analysts are rather bullish on the housing market right now. Sales, pending contracts, prices and new construction starts are all up. The Home Price Expectation Survey released last month revealed a sense of optimism among the … [Read more...]
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