Nothing is more disappointing than helping a client find the right home and then finding out they can’t qualify for a loan. With the current lending guidelines being as tight as they are, many would-be buyers are finding that they fall into this category. As a REALTOR®, being able to offer your clients some creative [...]
In a recent public interview, Fed Chairman Ben Bernake told 60 Minutes when he expects to see an economic turnaround. As we have seen in the past, as the economy recovers, interest rates have to rise to balance inflation. Therefore, buyers who want to take advantage of low interest rates should pay close attention to [...]
Nearing the end of her loan modification journey, Emily Lopez is thankful that her hard work and persistence has paid off. In her latest post, she advises anyone who may be at risk of losing their home to call their lender and to keep calling untill something happens for them. This is exactly what she [...]
Your satisfied clients are the best way to continue growing your Real Estate business. Nothing connects with a potential client better than a referral. It’s amazing how fast a business can grow when people start talking about how happy they are with their new home and the REALTOR® that helped them buy it. In this difficult market, [...]
Economic concerns, particularly relating to employment and the ability to make mortgage payments, are affecting buyers and sellers in the real estate market today. According to the new national REALTOR.com® Homeownership Survey, respondents aged 25-34 (31.1 percent) and 35-49 (30.8 percent) are particularly concerned about their jobs and making their payments.
Other reasons that might be [...]
Though foreclosure and short sales make up almost half of all existing home sales today, buyers are not as motivated to buy one unless sellers are more willing to negotiate final costs and if there is a higher level of certainty related to home repairs, according to the new national REALTOR.com® Homeownership Survey. A total [...]
Home affordability is driving more than two-thirds (65.2 percent) of potential buyers back into today’s housing market, according to the new national REALTOR.com® Homeownership Survey. Home buyers are taking advantage of price declines and low interest rates in the most affordable market conditions in 28 years, though only one in ten of homeowners are putting [...]
The results of the national REALTOR.com® Homeownership Survey are in. With a focus on affordability, foreclosures and refinancing, the survey results show that affordability is shaping the housing market right now. Most Americans aren’t aware of how affordable homes have become. Here are some survey highlights.
More than three quarters (77.4 percent) of consumers think a [...]
Home sellers who are forced to lower their asking price are truly stuck between a rock and a hard place in the current market. If they are hesitant to budge on the price, it’s likely they will lose out on selling their home at all. Lowering the price may mean dropping the original price by [...]
The foreclosure market may be changing significantly in the near future. With foreclosure moratoriums set to expire, lenders are eager to unload their backlog of foreclosures. Plans to stem foreclosures by the Obama administration have largely fallen short due to many homeowners not qualifying for a modification under their bank’s guidelines. As unemployment rises and consumer confidence [...]
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