The Scott Lyle Fyle
Multiple Escalation Clauses Push Buyer Competition
Daily Real Estate News | Tuesday, May 13, 2014 With inventory low and multiple offers becoming more common, more real estate agents are employing escalation clauses to help their clients win bidding wars. However, what once was considered a...
Most Popular Features of Green Remodels
Daily Real Estate News | Thursday, May 01, 2014 Over the next five years, the number of remodelers who tackle more than 60 percent of their projects with “green” products is expected to double, according to a green building study conducte...
Foreclosures Drop 37% From a Year Ago
Daily Real Estate News | Thursday, May 01, 2014 In March, about 720,000 homes were in some stage of foreclosure, a 37 percent year-over-year decrease, according to CoreLogic’s March 2014 National Foreclosure Report. “The inventory of ho...
Mortgage Rates Rise Across the Board
Daily Real Estate News | Friday, April 25, 2014 Fixed-rate mortgages rose this week across the board, increasing borrowing costs for home buyers, Freddie Mac reports in its weekly mortgage market survey. The mortgage giant reports the follo...
2 Things Luxury Buyers Want Most
Daily Real Estate News | Friday, April 25, 2014 The two amenities luxury home shoppers want the most are a chef’s kitchen and a sprawling views, particularly of oceans, mountains, or cityscapes, according to a new survey by realtor.com®. ...
Mortgage Rates Fall Back to 6-Week Lows
Daily Real Estate News | Friday, April 18, 2014 For the second consecutive week, fixed-mortgage rates eased, offering home buyers a slight bump in affordability in the midst of the spring home-buying season, Freddie Mac announced in its weekl...
A Third of Home Owners in Foreclosure Have Equity
More home owners in the foreclosure process are finding that their home may no longer be underwater, according to a new report by RealtyTrac. “Because of rising home prices, many of the home owners in the foreclosure process — more than a...
Shiller: Housing Seeing More Momentum Than Stocks
Economist Robert Shiller, a Yale University professor, told CNBC on Tuesday that even though the housing market is showing some signs of slowing, the recovery still remains strong. “There is a certain, substantial amount of momentum in the ...
International Buyers View U.S. as ‘Safe’ Investment
Daily Real Estate News | Tuesday, April 08, 2014 Foreign buyers are showing a preference for purchasing properties in the U.S. over other countries, viewing real estate here as a safe place to put their money, according to the California Asso...
Survey: Consumer Confidence in Housing Hot This Spring
Daily Real Estate News | Tuesday, April 08, 2014 Consumer attitudes are reflecting greater optimism in the housing market heading into real estate's traditionally strong spring selling season, according to Fannie Mae's March 2014 National Hou...
Vacation Home Sales Surge in 2013; Investment Property Declines
Vacation home sales rose strongly in 2013, while investment purchases fell below the elevated levels seen in the previous two years, according to the National Association of REALTORS®. NAR’s 2014 Investment and Vacation Home Buyers Survey, c...
Distressed Home Sales Continue To Tumble
Foreclosures and short sales are making up less of a share of the for-sale market. According to the National Association of REALTORS®’ February existing-home sales report, distressed home sales accounted for 16 percent of the month's sales, ...
Lower Down Payments For Fewer First Time Homebuyers!
Fewer first-time home buyers are obtaining mortgages with down payments of 6 percent or less, according to the National Association of REALTORS®’ latest Confidence Index Survey. In February, 61 percent of REALTORS® reported that their fir...