When it comes to real estate, we know agents influence everything from the locations a buyer considers to the type, size, and style of home they purchase. But that's only the beginning. Not surprisingly, REALTORS®are also sought out for real estate-related services. <!----> A survey from Campbell Communications and Inside Mortgage Finance Publications "revealed that … Continue reading The Other Sphere of Influence: The Power of REALTOR Recommendations Written by Jaymi Naciri on Tuesday, 23 August 2016 3:12 pm
Month: August 2016
The Number of Underwater Homes Dives Downward by Kendall Baer for DS News
As home prices continue to rise, the number of underwater borrowers has fallen over the years significantly to the point where 92 percent of all mortgaged properties are in positive equity territory, according to a recent report from Fannie Mae. Fannie Mae reports that in the first quarter of this year, 46.7 million properties had … Continue reading The Number of Underwater Homes Dives Downward by Kendall Baer for DS News
Five Legal Reasons Why Investors Need A Real Estate Attorney by Erica Hackmyer Realty Trac
The legal side of real estate can be quite complicated to understand for someone who isn’t an attorney with experience in this area of the law. As an investor, you’ve spent so much time honing your ability to find and successfully fix and flip or buy and hold profitable investments, but when it comes to … Continue reading Five Legal Reasons Why Investors Need A Real Estate Attorney by Erica Hackmyer Realty Trac
HARP Extended; FHFA Offers High LTV Refi Option by Brian Honea
The Federal Housing Finance Agency (FHFA) announced on Thursday it will be extending its Home Affordable Refinance Program (HARP) until September 30, 2017. HARP was scheduled to expire at the end of this year. In its Q2 Refinance Report released in mid-August, FHFA reported there are still a few hundred thousand borrowers eligible to refinance … Continue reading HARP Extended; FHFA Offers High LTV Refi Option by Brian Honea
Home Online interior design service Havenly heads to Chicago by Sam Dewey
The sisters behind Havenly, an online interior design service to help you design and shop for your space virtually, have a keen eye for design. But when the duo put their sights on finding a solution to the lack of online interior design opportunities, their vision got even, well, keener. Meet co-founders Emily Motayed and … Continue reading Home Online interior design service Havenly heads to Chicago by Sam Dewey
Overall Delinquencies Decrease in Q2 by Kendall Baer DS News
The Federal Reserve Bank of New York recently released its Quarterly Report on Household Debt and Credit which reported that overall delinquency rates improved and continued the trend that has taken place since 2010, according to an announcement from the New York Fed. "Today's report highlights a positive ongoing trend in household debt," said Donghoon Lee, … Continue reading Overall Delinquencies Decrease in Q2 by Kendall Baer DS News
Why houses in America are getting smaller Diana Olick
Size matters, especially in housing, but preferences can change quickly, and that is the case today. Small is happening in a big way. For the first time since the recession, home size is shrinking. Median single-family square floor area fell from the first to the second quarter of this year by 73 feet, according to … Continue reading Why houses in America are getting smaller Diana Olick
First-Time Home Buyer’s Checklist
Buying your firs home can be an exciting yet quite stressful endeavor. There are so many questions to ask and so many different aspects to buying a home that it can be a bit intimidating at times. Fortunately, with a home buyer checklist, you can be better prepared and know what to expect when you … Continue reading First-Time Home Buyer’s Checklist
Black Knight: Fewer homeowners refinancing But foreclosure starts down August 22, 2016 Kelsey Ramírez
Rates are near all-time lows, but despite this, homeowners are not refinancing their homes, a new report from Black Knight Financial Services shows. The population of borrowers eligible to refinance rose to 8.7 million at the end of June, yet prepayment speeds actually fell by 12% in July, the report states. Prepayment speeds are usually a good … Continue reading Black Knight: Fewer homeowners refinancing But foreclosure starts down August 22, 2016 Kelsey Ramírez
September interest rate hike could happen, Fed minutes show Central bank notes “strong” CRE lending market August 17, 2016 04:50PM By Konrad Putzier
The Federal Reserve appeared to keep an interest rate hike on the table for September amid “fairly accommodative” commercial real estate financing markets, according to its July meeting minutes published on Wednesday. “Participants generally agreed that the prompt recovery of financial markets following the Brexit vote and the pickup in job gains in June had alleviated … Continue reading September interest rate hike could happen, Fed minutes show Central bank notes “strong” CRE lending market August 17, 2016 04:50PM By Konrad Putzier
The Law Office of Beth Mann, P.C. 