How’s The Real Estate Market? Read What The Experts Are Saying
How’s The Real Estate Market? Read What The Experts Are Saying: As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying:
Doug Duncan, Fannie Mae Chief Economist
“Positive demographic factors should continue to reshape the housing market, as rising employment and incomes appear to be positively influencing millennial homeownership rates.”Diana Olick, CNBC
“Even as more homes come on the market for this traditionally popular sales season, they’re flying off fast, with bidding wars par for the course. Home prices have now surpassed their last peak, and at the entry level, where demand is highest, sellers are firmly in the driver’s seat.”Daren Blomquist, Senior VP at Attom
“I am guessing we will see it get even better… If you are considering moving, it could be a really good time to sell.”Lawrence Yun, NAR Chief Economist
How’s The Real Estate Market? Read What The Experts Are Saying
“The early returns so far this spring buying season look very promising as a rising number of households dipped their toes into the market and were successfully able to close on a home last month. Although finding available properties to buy continues to be a strenuous task for many buyers, there was enough of a monthly increase in listings…for sales to muster a strong gain. Sales will go up as long as inventory does.”Mark Fleming, First American Chief Economist
“Despite higher mortgage rates, the potential for home sales increased on an annual basis driven by steady income and job growth, along with a surge in building permits. While it may be a little late for this spring, the increase in building permits is a welcome sign that some relief may be in sight for the inventory shortages that are holding back many markets from realizing their full potential this spring.”
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More State Atty. Generals are Requesting Stay on Foreclosures
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Some of the nation's largest mortgage companies used a single document processor who said he signed off on foreclosures without having read the paperwork - an admission that may open the door for homeowners across the country to challenge foreclosure proceedings. The...
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Our Most Frequently Asked Question: "What is a Short Sale?"
What is a short sale: A Real Estate short sale occurs when the homeowner sells the house for less money than is owed on the mortgage. In order to conduct a short sale, the seller needs the permission of their lender. The shortfall between the sale price and the value...
Chelsea Clinton Wedding and Astor Court = Dropped Asking Price
"Ex-President Clinton's daughter got married here" just doesn't have the cachet of "Washington slept here." A real estate broker who upped the price of historic Astor Courts in Rhinebeck by $1 million after Chelsea Clinton held her wedding there has now cut the price...
H.R. 6133 – Prompt Decision for Qualification of Short Sale Act of 2010
This is breaking news from REO Insider...and great news at that...It appears that we will see some greater support in the form of actual Short Sale Laws from our government...Limiting the time a bank can respond to a short sale request from it's borrowers... Rep....
Notice Of Defaults Delayed As Banks Deal With Foreclosures
I'm sure you've all seen the headlines from RealtyTrac today that show a new record for bank repossessions. In some of the news reports today, I've also heard TV anchors make mention of some bright news in the report, that Notices of Defaults (NOD's) are down 30...
NAR Report and CoreLogics Index Show Home Price Declines are Just Beginning; More Short Sales!
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Bank Foreclosures Set New Record In August…
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