By Melissa Dittmann Tracey, REALTOR® Magazine Both real estate agents and home sellers see the value in simple home improvement projects, saying they believe small renovations can go a long way in helping a home sell faster and for more money, … [Read more...]
CoreLogic Price Data, Construction Spending, ISM Index
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 CoreLogic price data, construction spending, and the ISM … [Read more...]
Thinking Too Fast on Foreclosure Properties
Thinking, Fast and Slow is a book written by a psychologist who won a Nobel Prize in Economics several years back. Daniel Kahneman, the author, pokes at the basic economists’ assumption that people make rational calculations before deciding. His idea … [Read more...]
Credit Unions Do More Lending
Commercial real estate loans are very difficult to obtain. The lack of government backing (outside of multifamily mortgages) and a higher capital charge on office, retail, industrial, and other commercial real estate-related mortgages have severely … [Read more...]
GSEs to raise mortgage fees later this year
Fannie Mae and Freddie Mac will raise their single-family-mortgage guarantee fees by an average of 10 basis points — aka, 1/10 of a percent — by the end of the year. So called g-fees are essentially insurance against borrower defaults. … [Read more...]
CoreLogic: Home prices rose 3.8% nationally in July
CoreLogic is reporting that its July home price index was up 3.8 percent from July 2011 — that’s the biggest increase since 2006, and July is the fifth consecutive month with an increase. So good news there. This is interesting: When you … [Read more...]
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