General Posts

June 21, 2016

Could Brexit Be Bad News for U.S. Home Buyers?

As reported byhttp://www.realtor.com on 6/20/16

Home buyers on American soil have enough to worry about without losing sleep over whether Britons, our neighbors across the pond, will vote to leave the European Union on Thursday.

But a Brexit could spell trouble for U.S. buyers as more wealthy …

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June 21, 2016

Credit Card Debt Affecting Homeownership on Atlantic Coast

As reported by Inman News on 6/16/16

Although sparsely populated compared to the rest of the nation, Alaska was recently rated as the state with the highest credit card debt per capita by personal finance website Credio. However, two more densely populated states also made the list: Maryland and …

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June 21, 2016

What the Latest Fair Housing Guidance on Criminal Background Checks Means for Real Estate

As reported by the National Association of Realtors (http://www.realtor.org) on 5/13/16

The Department of Housing and Urban Development (http://www.hud.gov) published Fair Housing Act guidance on April 4 that has raised concerns for housing providers who use criminal history screening processes to make decisions about sales, …

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June 21, 2016

What Is Fannie Mae? And Freddie Mac for That Matter?

As reported byhttp://www.realtor.com on 6/15/16 by Margaret Heidenry

Whether you are shopping for a mortgage or just occasionally read financial news stories, you’ve probably heard of Fannie Mae (http://www.fanniemae.com). But what is Fannie Mae, anyway? And for that matter, what about her buddy Freddie Mac (

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June 21, 2016

Flood Insurance Legislation Promises Flexibility for Consumers

As reported by the National Association of Realtors (http://www.realtor.org) on 4/28/16

Property owners who opt to purchase flood insurance in the private market rather than through the National Flood Insurance Program may do so under current rules, but they risk paying higher rates if they return to …

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June 21, 2016

National Foreclosure Rates Keep Pushing Down

As reported by Inman News 6/17/16

More good news for the U.S. housing market rebound: national foreclosure rates continued a downward trend in April. Completed foreclosures, delinquency rates and homes facing foreclosures all softened at national, state and local levels.

Compared to April 2015, when there were 43,000 …

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June 21, 2016

Lack of New Home Construction Is Bad Omen for Buyers

As reported by http://www.realtor.com on 6/17/16 by Clare Trapassol 

Trouble in paradise? By most standards, the national real estate market is booming. But not for everybody: Aspiring buyers frustrated by the lack of available properties and soaring price of homeownership shouldn’t expect to catch a break anytime soon.

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June 21, 2016

Lagging Demand for Luxury Homes May Mean Deals for Buyers

As reported by http://www.realtor.com on 6/15/16 by Anya Martin

A surplus of high-end homes for sale is giving more bargaining power to buyers.

In the U.S., the inventory of homes priced from $500,000 to $750,000 rose 15.9% in March compared with the same period last year, according to …

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June 21, 2016

Top Purchase Markets for Millennial Homebuyers, According to NAR

As reported by the National Association of Realtors (http://www.realtor.org) on 6/2/16

A flurry of financial obstacles and lifestyle choices are stalling the journey to homeownership for many young adults, but becoming a homeowner is currently more feasible in some less expensive metro areas with steady job growth …

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June 21, 2016

Metro Home Prices Maintain Steadfast Growth in First Quarter

As reported by the National Association of Realtors (http://www.realtor.org) on 5/9/16

An uptick in sales activity amidst meager supply levels upheld the trend of unwavering price gains in an overwhelming majority of metro areas during the first quarter of the year, according to the latest quarterly report …

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