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...]
Home Buyer Compromises
Recent home buyers are often willing to make sacrifices when purchasing a home. The most common sacrifices are compromising on the price, size and condition of the home they purchased. Those who have children under the 18 in their home are the least … [Read more...]
Foot Traffic: Jefferson City Area Board of REALTORS® (MO)
Foot traffic provides a strong indication of future home sales. SentriLock, LLC. provides NAR Research with monthly data on the number of showings. Foot traffic in the area covered by the Jefferson City Area Board of REALTORS® (MO) eased sharply … [Read more...]
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