5 Tips to Get a Higher Sales Price

Reports of rising home prices as the housing recovery accelerates are prompting more owners to think about jumping into the real estate market. But before they take the leap, potential home sellers need to consider how technology has changed the way homes are sold in recent years. “Increasing prices are encouraging more homeowners to put their properties on the market,” says Brian Bald...

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5 Ways to Make Your Real Estate Pinterest Page Work for You

By Teele Schneider If you’ve considered jumping on the Pinterest bandwagon, wait no more. Although Facebook is still the leading social media network with 67 percent of American Internet users, Pinterest is currently in third – and climbing. Users spend on average, an hour and 17 minutes on the social network, leading Facebook and Twitter by more than double. So why should real estate professi...

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2013 Mid-Year Outlook: Economic Growth on the Road to ‘Normal’

By Pete Bakel The U.S. may be well into a prolonged period of steady economic growth, but it hasn’t yet reached its full potential, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. Fiscal headwinds are expected to keep growth to below 2.0 percent for the first half of the year, with gradual strengthening in the second half of 2013 and into 2014. However, as fiscal ...

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Property Values Take Flight: Home Prices Soar By Over 20 Percent

Some of the housing news being kicked around recently is astounding: Home prices soaring by 20 percent or more over the past 12 months? Multiple offers? Bidding wars? All of the great news has some wondering, is another housing bubble brewing? Experts think not. According to the business forecast aficionados at Kiplinger, there are huge differences between what we see happening today in even the h...

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Builder Confidence Hits 7-Year High, New Home Sales Rising

In continuing signs the housing market is on the upswing, builder confidence in the market for newly-built single-family homes hit a significant milestone in June, surging eight points to a reading of 52 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released this week. Any reading over 50 indicates that more builders view sales conditions as good than poor. ...

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Home Sales Rise with Strong Increases – How to Get Your Piece of the Pie

Home sales are on their way up; Existing-home sales improved in May and remain solidly above a year ago, while the median price continued to rise by double-digit rates from a year earlier, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, says the recovery is strengthening and to expect limited housing supplies for the balance of the year in much of the countr...

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U.S. Housing Prices to Continue Stabilizing in 2013

BMO Economics commented recently that higher equity and home values must be providing some much-needed comfort to U.S. consumers, following the release of the S&P Case-Shiller home price index for June which showed a more-than-expected rise of 0.9 per cent, seasonally adjusted. “This represented the fifth straight monthly gain, and lands the index 0.5 per cent above year-earlier levels ...

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Mortgage Rates Change Little, Remain Near Record Lows

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates declining or remaining the same from the previous week amid mixed economic data, and continuing to hover around their all-time record lows. The 30-year fixed-rate mortgage (FRM) averaged 3.55 percent with an average 0.7 point for the week ending September 6, 2012, down from last...

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July Housing Scorecard Shows Continuing Signs of Recovery

The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury recently released the July edition of the Obama Administration’s Housing Scorecard – a comprehensive report on the nation’s housing market. Data in the Housing Scorecard show continued signs of recovery as foreclosure starts and completions declined in June, though officials expect activity...

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New Home vs. Old Home – Which Home Is Best for Your Buyer?

By Monica O’Neill The real estate market is full of a great variety of homes for potential buyers to choose from. One of the first decisions a potential buyer must consider is their preference for finding an existing home or building a new one. Keeping clarity in this situation means focusing your clients on their needs, budget and lifestyle. Consider the following: Aggressive incentives are...

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