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...]
Oh noes — more social media for real estate (Pinterest, in this case)
The “social media” bandwagon continues its relentless roll. The latest car on that train being recommended for Realtors®? Pinterest. If you know what it is, feel free to skip ahead. If not… It’s yet another way, they say, … [Read more...]
Expected Tenure in Home
Forty-three percent of recent buyers were unsure of how long they expected to own their home. The typical buyer estimated they would live in their home for 15 years, a large increase from the estimated 10 years recorded in the 2010 report. First-time … [Read more...]
NAR’s InfoGraphic on Home Buyers and Sellers 2012
Originally published by the National Association of Realtors (NAR). Click on the InfoGraphic to get original. FROM NAR: More than they have in the past decade, two-income married couples are fueling today’s home buying and selling market, and … [Read more...]
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