The National Association of REALTORS® has announced that there's a housing supply shortage. Homes are selling quickly and home prices are starting to inch up again. It's becoming a seller's market in many areas. Any time the market changes; it's time to change strategies. During a buyer's market, buyers have the upper hand and can make more demands to sellers over their homes' price and condition. During a sellers' market, buyers concede the upper hand to sellers and are more willing to accept higher prices and terms. When homes are in short supply, buyers don't have the luxury of taking their … (1 comments)
call coal: Making Real Estate Safer
- 05/06/16 01:44 PM
Making Real Estate a Safer Industry Since Beverly Carter’s murder September 25th, 2014, brokers and agents across the country have taken steps to make safety a standard practice. It’s been a year and a half since real estate agent Beverly Carter went missing and was later found murdered after showing a vacant home to a prospective buyer in the rural area of Scott, Ark. Since that dark day on Sept. 25, 2014, Brenda Rhoads, Carter’s friend and managing broker at Crye-Leike, REALTORS®, in North Little Rock, Ark., has been working hard to promote safety awareness in the real estate industry. “I don’t … (1 comments)
call coal: Smartphone, smart choice
- 05/05/16 03:33 AM
Smartphones are essential in today’s business world, as anyone would agree. They make it easier than ever to upload documents, send payments, talk to contacts and arrange meetings for whatever your business needs. Real estate agents know just how important all of the functions in a smartphone can be for their business, but which one is the most handy? Real estate agents often learn the latest technology just so they can have that competitive edge. What is the Best Smartphone for Real Estate Agents? There are three main smartphones that today’s real estate industry uses: Blackberry, Android and iPhone. The old standby: a … (8 comments)
call coal: Mortgages to be forgiven by Freddie and Fannie
- 05/05/16 03:22 AM
Interesting news coming from Freddie Mac and Fannie Mae. Fannie Mae and Freddie Mac could forgive mortgage principal for thousands of borrowers under a new plan to be rolled out by their regulator, the Federal Housing Finance Agency, as soon as Thursday, according to people familiar with the matter. The plan is likely to draw ire from consumer advocates who will think it’s not enough to address the problem, as well as from some taxpayer advocates frustrated that the bailouts keep coming years after the housing crisis ebbed. In all, about 4.3 million borrowers owed more than their homes were worth at … (1 comments)
call coal: Oil prices are affecting housing prices
- 05/05/16 01:35 AM
Depressed oil prices are becoming a real drag on some housing markets. On a national level, homes are moving off the market faster than in 2015, according to a Trulia report analyzing the 100 largest U.S. metro areas. But in oil-heavy housing markets, the "for sale" signs are staying up longer than they used to. The prolonged drop in oil prices has hit Houston's housing market the hardest, with around 66% of homes still on the market after 30 days in April compared to 50% last year. The city, which has a median asking price of $182,500, has the second-largest oil industry … (11 comments)
call coal: Weekly review of the mortgage industry
- 05/03/16 11:01 AM
Weekly Review - for the week of April 25, 2016 The major stock market indexes struggled during the week while the bond market performed well from mid-week on. Corporate earnings and economic reports were mixed throughout the week and contributed to an increase in bond prices and lower yields as investors sought a safer refuge in lower risk assets. In economic news, New Home Sales were reported softer than expected with a 1.5% decline in March from February to 511,000 annualized units while economists had been looking for a slightly higher reading of 521,000. This decline isn’t quite as bad as it seems … (0 comments)
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