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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Congress Considering Extending Home Buyer Tax Credit Closing Deadline
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Bank of America's Matt Vernon Pushing Cooperative Short Sales
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Sheryl Crow Bailing Out of Tennessee…$7,500,000 for 154 Acres and a Sweet Pad
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Bank Of America…Equator Platform equals 200,000 Short Sales Completed
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Unemployed, Tips For Job Search..Uplifting Article, Good Source
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Real Housewife of NJ’s in Foreclosure…More Gossip!
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Bank Of America Starts Principal Reduction.. Forbearance In The Mix….
In a recent article, Bank of America "Circles the Wagon" on principal reduction....Lot's of "May" and "If"....nothing about how much principal "May" be written down...Until we get more information....here you go! Bank of America said it has initiated its new earned...
California Assembly Bill 1639 Requires a Foreclosure Mediation Mortgage Workout Program or "MMW"
You know...the more we read about CA the less I am concerned that we are the litigious state that we have the esteemed label of being. Lot's of new laws hitting the Halls of Sacramento for consideraton...laws that have already been in place in many other states...
California Senate Bill (SB) 1275 Passed This Week More Protections for Homeowners
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Shadow Inventory Up 9.1% in 1st Quarter 2010 from Last Quarter 2009
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Bank of America's Principal Reduction Program Underway
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Bank Of America Negotiating With Sellers Who Opt For Strategic Short Sale
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Ontario, CA Council to Add 'In God We Trust' to the city seal at City Hall
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What's Your Opinion on Strategic Short Sales?
First an explanation of what a Strategic Short Sale really is..... You own a home that is upside down in equity. You can afford to make the monthly payments. You have made a decision to Short Sale the property and cut your losses-thinking non emotional about an...