The price recovery continued to gain momentum in the 1st quarter of 2013. The strongest gains relative to the same time period in 2012 were concentrated in the sand states as well as the industrial Midwest, both of which were hit hard during the … [Read more...]
When To Buy a House? RIGHT NOW!
After witnessing the housing bubble ‘pop’ just a few years ago, many would be buyers may be hesitant to pull the trigger. Today, we want to explain that the greatest risk a buyer can take right now is actually waiting to buy a home. We realize that … [Read more...]
You Can Afford a Higher Priced House if You Buy New, Study Claims
By Melissa Dittmann Tracey, REALTOR(R) Magazine Americans may be able to buy a higher-priced home if they buy new, according to a study by the National Association of Home Builders. The NAHB study — using data from the Census Bureau and … [Read more...]
Foot Traffic: IRES Regional MLS (Boulder, CO)
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 fell roughly 18% over the 12-month period ending in April in the area covered by the IRES … [Read more...]
Personal Income and Consumption in April
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 personal income and consumption. People spent less in the … [Read more...]
CFPB loosens rules for smaller lenders
Good news for small local banks and credit unions. After a several months of accepting comments from industry groups and the public, the Consumer Financial Protection Bureau made several changes to its ability-to-repay rules — changes that are … [Read more...]
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