Employment has been steadily growing over the last year and a half, an important trend for the housing market as employment growth builds confidence as well as the financial means for would-be buyers to make a home purchase. Only 15 of the 164 … [Read more...]
WSJ claims rising prices come from fewer distressed sales
In a Wall Street Journal piece, Nick Timiraos says he thinks rising real estate prices are a result of fewer distressed homes (short sales and foreclosures) on the market. Prices have risen this summer for a simple reason: more buyers have chased … [Read more...]
Case-Shiller reports home prices rise across the board
The June S&P/Case-Shiller home price index shows that home prices have risen nationwide — in every one of the 20 metro areas covered by the index. Nationwide it’s up a half percent. That’s not much, until you consider that this … [Read more...]
NAR: Commercial growth is sorta OK
The latest quarterly commercial real estate forecast from NAR has zero surprises (and that’s just fine). It says that yes, the CRE market is recovering with the rest of the economy, “but a slowdown in job creation and ongoing tight loan … [Read more...]
17 Virginia regions could lose eligibility for no-down-payment USDA loans
The growth of the suburbs might eliminate a government no-down-payment loan option in some areas of Virginia, pricing some buyers out of those markets. With all the hubbub about Fannie Mae, Freddie Mac, and the FHA, one zero-down-payment government … [Read more...]
4 Mistakes Home Owners Often Make With Their House
By Melissa Dittmann Tracey, REALTOR® Magazine When it comes to taking care of a home or remodeling, home owners can make some unwise decisions. ServiceMagic, a Web site that features a network of nationwide service professionals–including in … [Read more...]
