Monthly Archives: December 2014

Resolutions For Home Buyers 2015

Potential home buyers who have put getting into the housing market at the top of their to-do list next year may not realize how many steps it takes to make it to the finish line. As a real estate pro, … Continue reading

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Loan Demand Picked Up Before the Holidays

Loan demand picked up before the holidays. Mortgage applications were on the rise last week after posting several weeks of declines. Applications for home purchases, viewed as a leading gauge of future home buying activity, increased by 1.3 percent in … Continue reading

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Will the Housing Market be Steadier in 2015?

Will the housing market be steadier in 2015 ? After all, the housing market this year has been on a roller coaster. According to the National Association of REALTORS®, existing-home sales are expected to fall short of 2013’s total, and … Continue reading

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Rents Jump to Highest Point in 6 Years

Warn your renting prospects: Landlords are quickly raising their rents as the national vacancy rate dips to the lowest level in two decades. Rents are rising at the fastest pace in six years, according to newly released data from the … Continue reading

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Mortgage Debt Forgiveness Approved By Senate

The Senate approved an extension of the Mortgage Debt Forgiveness Act by a wide margin this week, bringing home owners who did a short sale this year one step closer to tax relief. The bill, which passed the House of … Continue reading

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Ways To Reduce Closing Costs

Closing costs can add a lot to home buyers’ final price, particularly depending on which lender a buyer uses, what state they live in, the price of the home, and sometimes even the day of the month the closing occurs, … Continue reading

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Americans Are Net Worth 40% Poorer Today

The net worth of American families has plunged 40 percent since 2007, right before the financial crisis struck, dipping to an average of $81,400 per household, according to a new report from the Pew Research Center. That’s down from $135,700 … Continue reading

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Best Time To Sell: Winter

Best time to sell: The housing market doesn’t hibernate in the winter. Sellers who list and buyers who buy often find the winter season the most advantageous time to make a move in real estate, according to a new study … Continue reading

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Median Home Prices Remain 4.9% Below Peak

Since the housing crisis national median home prices have been on the rebound, but still haven’t caught up to the peak reached in the third quarter of 2005. At that point, national median home prices reached $227,633. Flash forward nine … Continue reading

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Fannie, Freddie Gift a Foreclosure Free Holiday

Fannie Mae and Freddie Mac announced they plan to suspend evictions with foreclosure on single-family properties nationwide during the holidays, from Dec. 17, 2014 through Jan. 2, 2015. Legal and administrative proceedings for evictions may continue, as well as pre-foreclosure … Continue reading

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