Timothy Shamblin of Coldwell Banker Premier Proper in Winchester is the second winner of a $100 Amex gift card — all for taking our online survey about Commonwealth magazine. Congrats, Timothy! Artist’s conception. … [Read more...]
Cash Sales: 30 Percent of Residential Sales
Approximately 30 percent of REALTORS® reporting on their last sale had a cash sale (32 percent in February). Investors and international buyers typically pay cash. About 9 percent of REALTORS® reporting a sale to a first-time homebuyer also … [Read more...]
How Housing Is Leading Us Out of the Great Recession
We are often asked if the housing market can truly rebound if the all-round economy remains sluggish. We answer by explaining the housing market is not dependent on the economy but rather the economy is reliant on the housing market. Mark Zandi, … [Read more...]
Bill would remove roadblock for mobile-home loans
A bill being introduced in Congress by Reps. Joe Donnelly (D-IN), Stephen Fincher (R-TN), and Gary Miller (R-CA) is trying to fix what the legislators feel is an unintended consequence of new rules from the Consumer Financial Protection Bureau that … [Read more...]
New Realtor.com app adds local school info, boundaries
Move, the company that runs Realtor.com, has added some interesting features to its Realtor.com Android app. It now gives information about school districts. If you zoom into an area far enough, icons of local schools will appear. You can click one … [Read more...]
Mortgage Rates are near record lows. How do they affect buyers qualified to buy a home?
In a previous post, we examined the impact of mortgage rates and house prices on the number of renters qualified to buy to show that lower mortgage rates, rising incomes and changes in house prices have affected the number of renters who could … [Read more...]
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