Brexit-KCM2
Now that much of the dust has settled and the panic has waned, let's take a look at what impact Britain's exit from the European Union may have on the U.S. housing market. The most immediate impact of Brexit will be on mortgage interest rates. Interest rates have remained at historic lows for the last several years. Contrary to what many experts believed, rates have remained low throughout the first half of 2016. Possible impact of Brexit on mortgage rates? In a recent article, the Washington Post explained: “Brexit has spawned the recent bout of volatility in global financial markets. That has anxious investors [...]
Wed, Jun 29, 2016
REMTW
Are Foreclosures Increasing or Decreasing? | Keeping Current Matters
Recently, there has been a lot of talk about the size of the foreclosure inventory in the nation. There has been some speculation that distressed property inventories are about to skyrocket. Today, we want to reveal what is actually taking place in this segment of the housing market. CoreLogic, in their most recent National Foreclosure Report, reported that foreclosure inventory has decreased by 23.2% since this time last year. The report also showed that foreclosure inventory has decreased in 49 of the 50 states and that 45 states have posted a year-over-year, double-digit decline (see chart below). Other findings in the report: The [...]
Wed, May 18, 2016
REMTW
Percent Change in Sales by Price Range | Keeping Current Matters
The National Association of Realtors' most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-4.6%). The decline in this price range points to the lower inventory of distressed properties available for sale and speaks to the strength of the market. Every other category showed a minimum increase of at least 4.6%, with sales in the $250,000- $500,000 range up 15.2%! Here is the breakdown: What does that mean to you if you are selling? Houses are definitely selling. If [...]
Mon, May 16, 2016
REMTW
With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as: Will disappointing economic news adversely impact housing? Is affordability a major concern in today's real estate market? Are we approaching a new housing bubble? Are mortgage standards too tight? Or have they loosened too much? Freddie Mac, in their April Economic Outlook, addresses the disappointing economic news and what impact they think it will have on housing: “Recent data darkened the growth outlook for the first quarter of 2016. However, despite the disappointing [...]
Thu, May 12, 2016
REMTW
In today's highly competitive seller's market where there are more buyers than there are listings for them to purchase, some sellers may feel like the ball is in their court. And they would be right when it comes to choosing which offer to accept, the closing date, or even which improvements the seller is willing to make to the home prior to selling. One thing to remember though is that there is always a line that shouldn't be crossed. Interest rates could change, financing might not go through, the appraisal might not come back at the price that you have agreed to. These [...]
Wed, May 11, 2016
REMTW

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