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Are You Making These 4 Common Home Pricing Mistakes?
sale. Pricing isn’t always a simple, straightforward process, and can often waste time and money and lead to frustration for both you and the seller. In this article, top real estate agents and brokers share the most common home pricing mistakes they see and how to fix them. Mistake No. 1: Ending a Price in […]
Pending Home Sales Climb 7.5% in October 2021
The pending home sales pace in October 2021 increased 7.5% last month but fell 1.4% from a year ago. www.nar.realtor – Research
More Analysis on Existing Home Sales
Today, in the Real Estate Newsletter: Existing-Home Sales Increased to 6.34 million in October Excerpt: Sales in October (6.34 million SAAR) were up 0.8% from last month, and were 5.8% below the October 2020 sales rate. Some of the increase in sales since the beginning of the pandemic was probably related to record low mortgage […]
Pending Home Sales Dip 2.3% in September
Pending Home Sales Dip 2.3% in September Pending home sales dipped in September, retreating from a previous month of growth. Media Contact: Quintin Simmons 202-383-1178
Inside Real Estate Launches Innovative Homeownership Solution, CORE Home
Inside Real Estate has announced its first product release from its new homeownership technology, CORE Home. CORE Home is a consumer destination, branded completely to the brokerage and agent. It anchors consumers in a single place, allowing brokerages to deliver a seamlessly connected experience throughout the entire homeownership lifecycle: from living in a home and […]
New Home Purchase Applications Fall as Construction Costs Rise
The volume of applications for mortgages to purchase newly constructed homes plunged in September, falling 16.2 percent from the September 2020 level according to the Mortgage Bankers Association’s (MBA’s) Builder Application Survey (BAS.) Compared to August the volume of applications was down 4.0 percent. These changes are not seasonally adjusted. Based on the volume of […]
What To Do When 1 in 8 Home Purchases Have A Low Appraisal
When you finance a home purchase, your lender will make the loan based on the lower of the home’s appraised value and your contract price. And right now, CoreLogic data says about 13% of appraisals (1 in every 8) are below purchase contract prices in America. So is your home purchase deal dead if your […]
Existing Home Sales Rise Slightly for the First Time in Four Months
Existing home sales snapped a four-month losing streak in June. Sales of pre-owned single-family houses, townhouses, condominiums, and cooperative apartments, rose 1.4 percent on a seasonally adjusted annual basis to 5.86 million units, 22.9 percent higher than the 4.77 million rate in June 2020. Activity was higher month-over-month in three of the four major regions […]
Exhausting Home Prices; No Big Digital Push From Covid; Big News For Refi Rates As Adverse Market Fee is Removed
It was big, bad news when it came out last summer. Almost a year later, the 50 basis point “adverse market fee,” which affected a majority of refinance mortgages has been eliminated! Backstory In early August 2020, Fannie and Freddie (who collectively buy or guarantee a vast majority of all mortgages) announced that virtually all […]
Pending Home Sales Bounce Back 8.0% in May
Pending Home Sales Bounce Back 8.0% in May All four regions of the U.S. registered both month-over-month increases and year-over-year gains for pending home sales contract transactions in May. Media Contact: Quintin Simmons 202-383-1178