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Housing Trends to Watch in 2017

Daily Real Estate News | Monday, November 28, 2016 Recent spikes in mortgage rates may potentially price some first-time home buyers out of the market. The higher rates mixed with rising home prices will likely cause the housing market to slow in 2017 and see only moderate growth, according to a new report released by Read More

2017 Housing Forecasts: Predictions Roll In

Daily Real Estate News | Monday, October 03, 2016 We can expect a hot year for home sales in 2017, according to recent forecasts from the National Association of REALTORS®, the Mortgage Bankers’ Association, Freddie Mac and Fannie Mae, and more. Read more: Housing Markets Move More Into Buy Zone NAR is predicting existing-home sales Read More

FHA Holding Back Owner-Occupancy Limit

Daily Real Estate News | Wednesday, September 28, 2016 Yesterday, HUD released its proposed rules on H.R. 3700, or the “Housing Opportunity Through Modernization Act.” But the rules punt, at least temporarily, on a provision in the law that lowers the allowable owner-occupancy ratio for FHA-approved projects to 35 percent from the current 50 percent. Read More

A Lesson for Sellers on Disclosures

Daily Real Estate News | Wednesday, September 21, 2016 Sellers may feel hesitant to reveal any minor problems with their home, afraid they’ll scare off buyers. But here’s a warning for sellers: They may land in legal trouble if they fail to disclose. Avoid Unapproved Renovation Problems 4 Problems Sellers May Try to Hide “Most Read More

Consumer Attitudes: The Middle Class Life

A middle-class life has become 30% more expensive in the past 20 years, according to analysis of prices from the Bureau of Labor and Statistics. Trying to afford the staples of a middle-class life amidst stagnant median incomes may explain feelings among consumers that today’s economy is challenging. California Associate of Realtor’s Center for California Read More

Low-Flow Toilets To Become Law In California: Some “Shi$!y” News…

On January 1, 2017 homeowners of single family homes across California will be required to install water-conserving plumbing fixtures if the property was built before 1994. This is NOT a point-of-sale requirement. It is required by virtue of owning a home built before 1994. (California Civil Code 1101.1 through 1101.9) What fixtures must be installed/replaced? Read More

Buyers Stuck on Down Payment Confusion

Daily Real Estate News | Wednesday, September 14, 2016 Consumers across all ages, income brackets, and education levels lack awareness about low-down-payment mortgage options, according to the National Association of REALTORS®’ latest Housing Opportunities and Market Experience (HOME) survey of more than 2,700 Americans. Many are hesitant about buying a home right now, particularly young Read More

Paint Colors That Make a Room Look Bigger

Daily Real Estate News | Tuesday, September 13, 2016 A room’s size is sometimes a matter of perception, and the paint color on the walls has a lot to with that perception. Some colors can actually make a room appear smaller, while other colors can make the walls expand and feel larger.® recently highlighted Read More

4 Colors That Turn Off Buyers

Daily Real Estate News | Wednesday, September 07, 2016 Could the wrong shade of paint dampen interest in a home? As a real estate pro, you can point sellers in the right direction when they’re considering color updates. Read more: 3 Surprising Paint Colors Home Owners Hate First, take note of palettes consumers tell researchers Read More

5 Fixes That Can Raise a Home’s Value

Daily Real Estate News | Thursday, September 01, 2016 For home owners looking to spruce up their home before listing it, there’s plenty they can do to attract more buyers and potentially boost the value of their home too. Veteran real estate professionals recently weighed in at This Old House on some of the best Read More

Home Sales Contracts Surge to Highest Rate in 10 Years

Daily Real Estate News | Wednesday, August 31, 2016 Pending home sales were up in most areas of the country in July, reaching the second highest reading in more than a decade, according to the National Association of REALTORS®’ Pending Home Sales Index. Last month the Midwest was the only region of the U.S. to Read More

TRID: The Cost of a Better Experience

Posted in Economist Commentaries, by Ken Fears, Director, Regional Economics and Housing Finance on August 18, 2016 The implementation of the new Know Before You Owe or TRID rules were market my initial delays that have given way to relative calm. However, half of lenders surveyed in the 2nd quarter Survey of Mortgage Originators indicated Read More

Home Owners Tackle Garage Messes

Daily Real Estate News | Friday, August 26, 2016 The garage is hardly a showpiece of the home. Instead, it can be a sore spot of mounting clutter, storing the lawn mower, sports equipment, storage bins, old paint cans, and more. Read more: Get a Professional Organizer For Your Sellers For many owners, the clutter Read More

Can’t Afford A Tesla? Take A $39 Ride!

Source: Desert Sun/Skip Descant/August 18, 2016 For travelers always on the look for a new transportation option to get to Los Angeles, consider Tesloop, a car service, perhaps for the carbon conscious, or anyone not wanting to sit behind the wheel on the freeways. Tesloop is a brand new service that uses Tesla electric vehicles, Read More

Buyers Prove Sensitive to Mortgage Rates

Daily Real Estate News | Wednesday, August 24, 2016 Even the slightest fluctuations in mortgage rates are having a big impact on application volume. Total mortgage applications, including for refinancings and home purchases, dropped 2.1 percent on a seasonally adjusted basis last week as rates rose slightly, the Mortgage Bankers Association reported Wednesday. Nevertheless, mortgage Read More

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