Foreclosed property in January was reported as selling at a 20 percent discount, while short sale properties sold at a 12 percent average discount according to the January REALTORS® Confidence Index. Approximately 24 percent of sales were distressed … [Read more...]
This Telephone Has Too Many Shortcomings
Today, we are reposting a blog by our friend Matthew Ferrara. – The KCM Crew Don’t make the same mistake about new technology Western Union once did. Some readers might remember a “boxing match” we did a couple of years ago in Las Vegas. It was part … [Read more...]
VAR’s work pays off — transportation bill passes
We asked and you responded. Realtors from across the state put pressure on their representatives in the Virginia General Assembly, which — after much debate, arguing, and compromise — passed a bipartisan transportation bill that Governor Bob … [Read more...]
Commercial Rentals and Sales
Approximately three to four percent of REALTORS® report a commercial rental every month. On an annual basis, this would be in the neighborhood of 175,000 rental transactions per year. In addition, approximately three percent of REALTORS® report a … [Read more...]
Are Lending Standards Loosening?
Celia Chen, an economist for Moody’s Analytics, recently reported on her projections regarding mortgage standards throughout 2013. “The housing recovery began in earnest in 2012, despite constraints placed by a still-tight mortgage lending … [Read more...]
FHFA, Case-Shiller Home Prices
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 second update discusses FHFA and Case-Shiller home prices. Home prices rose … [Read more...]
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