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Rate of Foreclosure Still High - 12/02/10 03:37 PM
The topic of foreclosure has been on the minds of many Americans as the market makes it way towards recovery.
According to the Mortgage Bankers Association, the mortgage delinquency rate declined in the third quarter.
They report that in the United States, it "declined last quarter amid hints of improvement in the job market, but headwinds from defaults and a rising rate of new foreclosure applications keep the housing outlook muddied."
Still, some experts say the winter will continue to be cold for many fearing default.
Zillow.com reports that foreclosure liquidations have reached a new peak, with over 1.17 of … (3 comments)
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Mortgage Rates Spike Quarter Percent - 12/02/10 03:30 PM
30 year fixed mortgage rates have risen a quarter point this week to 4.25% on plummeting mortgage-backed securities prices. MBS prices drive mortgage rates in the opposite direction. Conventional 15 year fixed interest rates are also up a quarter of a percent and are at 3.75% currently for well-qualified borrowers who pay a standard .07 to 1 point origination. Both fixed mortgage rates are up substantially from last week and at an immediate risk to rise further.
FHA loan rates move with conforming mortgage rates and are also up this week. Today's 30 year fixed FHA loan rate is at … (0 comments)
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Establishing Daily Priorities - 12/02/10 03:22 PM
Establishing your daily priorities will help you make each day a "10”. I am giving you a tool that I created a few years ago that really enables you to get maximum value from your time. It is our Real Estate Champions Daily Priorities Tool.
Step #1: List the activities that need to be done for the day.
When you are listing activities on the right hand side of boxes, you are brainstorming to get your thoughts down on paper. Just focus on what needs to be done … all of it. Do not let your mind think about importance … (0 comments)
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Real Estate Outlook: Growth Remains Sub-Par - 12/01/10 04:06 PM
The National Association of Business Economics' latest report has revealed that projections for GDP growth remains in the first quarter of 2001 remains "sub-par". Concern about federal debt, unemployment, and business regulation ruled the NABE panel, causing experts to forecast only moderate growth in 2011.
The NABE also reports that "consumer spending is expected to remain modest throughout the forecast horizon due to weak job gains, persistently high unemployment, and negligible growth in household net worth."
On the bright side -- the chances of the economy slipping back into recession are considered low.
The housing market, however, continues to struggle. The National Association … (0 comments)
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Determining Factors of a Qualified Prospect - 12/01/10 03:39 PM
1. Strong motivation
Motivation is simply the desire to do something. The stronger the desires on the part of the Buyer, the easier it will be for you to satisfy or even exceed their expectations. The stronger the motivation, the lower the expectations they will have for a property or your service. A low motivation prospect is willing to look for extended periods of time until they find the perfect home. In essence, they are looking for something that doesn't exist in many cases.
Do they want it? Do they have to have it? Those are the key questions to … (0 comments)
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Holiday Home Safety - 12/01/10 03:35 PM
The Holiday season is upon us, and for most it is a time full of joy, fellowship, and family. But the unexpected can and does happen.
So, from stopping theft to preventing fires, here are a few tips from the experts that can help keep your family safe this time of year.
Fire safety comes with the territory of the holidays. Trees and lighting can both be dangerous if not done correctly.
When selecting a real tree, be sure to buy one that is fresh. This means you should look for a fragrant tree that is a rich, deep green color. … (0 comments)
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Miro Fitkova
Boston,
MA
More about me…
Fitkova Realty Group
Address: 1318 Beacon St., Suite 16, Brookline, MA, 02446
Office Phone: (617) 232-3220 x 101
Cell Phone: (617) 921-9952
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