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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31% Of Foreclosures In March Strategic Defaults….Strategic Short Sale Defaults on the Rise
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Home Buyer Tax Incentive Lost To Many Due To Lengthy Short Sales And Lenders Timelines!
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Home Owners Choosing Their Own "Loan Modification" Strategic Default Short Sale…?
An article just hit the press today about a family that stopped paying their mortgage last summer when they could not get a loan modification. I'm still trying to grasp what's really going on here in our Wonderful Land of The FREE.... Ironic that our weekend put us...
Sex and the City 2: Get the Look at Home
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Cyclist Christian Vande Velde Pays $775K For Home In Lemont IL….
Check out Bob’s story that ran in Sunday’s Chicago Tribune in which Bob broke the story of cyclist Christian Vande Velde paying $775,000 for a five-bedroom house on 4.75 acres in Lemont, Ill., a southwest suburb of Chicago. Bob also notes that a town home owned by...
Approximately 6 Million Mortgages Currently Delinquent-Mortgage Mediation A Possible Solution?
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REO’s sold during April plunged
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Bank Of America, Citigroup Incorrectly Hid Billions In Repo Debt
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Active Army, Navy, Marines, Air Force, Cost Gaurd & Reserves…Soldiers & Sailors Act Protects against Foreclosure
God Bless America! The Soldiers’ and Sailors’ Civil Relief Act of 1940 (SSCRA) was updated and amended in 2003 by President Bush. This Act was created to protect our Fellows in Arms during their "Active Service". Many of our soldiers we're non-active in the National...