Each month, the National Association of REALTORS® obtains up-to-date and on-the-ground incisive comments from REALTORS® who participate in the REALTORS® Confidence Index (RCI) survey. The RCI survey tracks expectations about overall market … [Read more...]
Barbara Corcoran to Move-Up Buyers: DO IT NOW!
Barbara Corcoran on the TV Show Fast Money: “Right now, if you are upgrading to a bigger house, even if you’re selling at 10% off, you buy your new house at 10% off. Price appreciation is going to go much higher than people … [Read more...]
Neighborhood Choice
For the past several years, the top factor influencing where a buyer purchased a home was the quality of the neighborhood. Convenience to work was the second most significant factor with just under half of buyers citing its importance. Affordability … [Read more...]
Foot Traffic: Flagler County MLS (FL)
Foot traffic and future home sales have a strong correlation. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Flagler County MLS (FL) experienced strong growth starting last … [Read more...]
Mortgage Availability: Excessively Tight Credit Conditions
Recently released government data for 2011 from the Home Mortgage Disclosure Act (HMDA) shows just how tight mortgage credit has been. Incomes of prospective purchasers have increased since 2004, but the loan to income ratio has declined. The median … [Read more...]
Will the Mortgage Forgiveness Act Be Extended?
The Mortgage Forgiveness Debt Relief Act of 2007 is set to expire at the end of the year. The act allows taxpayers to be excluded from paying taxes on forgiven debt in certain situations. As their website explains: “The Mortgage Debt Relief Act of … [Read more...]
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