Setting your Selling Price too High, Think twice!

  Meeting other Realtors You decide to sell your home and believe you know what it is worth. Being a conscious home seller, you schedule appointments with a few or more local Realtors. Each Realtor comes prepared with a Competitive Market Analysis (CMA) on decorative paper and they each … [Read more...]

Existing-Home Sales Ease Following Four Monthly Gains

Existing-home sales in August gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®. Existing-home sales , including single-family, townhomes, condominiums and co-ops, declined 2.7 percent to a seasonally adjusted annual … [Read more...]

Existing-Home Sales Ease Following Four Monthly Gains

Existing-home sales in August gave back some of their strong gain in July but remain above year-ago levels, according to the National Association of Realtors®. Existing-home sales - including single-family, townhomes, condominiums and co-ops, declined 2.7 percent to a seasonally adjusted annual … [Read more...]

FHA Taking Steps to Ensure Taxpayer Money during Housing Crisis

The following is a statement by National Association of Realtors® President Charles McMillan: "The Federal Housing Administration is playing a crucial role in providing mortgage financing to the housing market, as mortgage and banking systems have faced collapse. While FHA's capital reserve … [Read more...]

Home prices rise 0.30 % in July

American home prices rose somewhat in July from the previous month according to government indexes, showing further evidence the housing market is stabilizing. The Federal Housing Finance Agency said Tuesday prices rose 0.30 percent in July from the previous month. It is based on loans owned or … [Read more...]

Agency relationships

Make Offer to the Listing Agent? For example, suppose you see a property that you really like and you do not yet have an agent yet? Should you make an offer with the listing agent? Traditionally, most deals have two real estate agents involved. The listing agent typically markets the house and … [Read more...]

Credit Crunch Constrains International Home Buyers in U.S. Market

Interest in U.S. real estate by international buyers declined due to the worldwide recession and severe credit crunch, according to the 2009 National Association of Realtors® Profile of International Home Buying Activity. The share of Realtor® clientele who are foreign buyers is smaller than in … [Read more...]

Which way will Interest rates go?

Numerous forecasters are very cautious in their predictions for the coming month's interest rates. One potentially determining factor in September may be that the Federal Reserve has said it will stop buying up U.S. Treasury bonds. The most expected outcome is that mortgage interest rates will … [Read more...]

Why Buying a Home is still a good investment

A Great Investment Typically homes appreciate about 4 or 5 percent per year. Some years will be more, some will be less. And this figure varies from neighborhood to neighborhood, State to state and region to region. 5 percent appreciation may not seem like that much at first look. Stocks (at … [Read more...]

Interest Rates and Fed

Interest rates on 30 year mortgages are starting to rise.  If we look at recent history, we find that when rates bounce off the floor, they rise quickly and dramatically.  Since October 2008, rates had fallen a full two points on both conventional and FHA loan products.  It is not unreasonable to … [Read more...]