Posts Tagged ‘Realtor’

December Existing Home Sales Rise, 2013 Strongest in Seven Years

Friday, January 24th, 2014

December Existing Home Sales Rise, 2013 Strongest in Seven Years Existing Home Sales edged up in December sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to the National Association of Realtors. Total Existing homes sales, which are completed transactions that included single family homes townhomes and […]

Foreclosures, Short sales in 2014 – What To Expect

Thursday, January 23rd, 2014

Recent reports show that overall both Foreclosures and Short Sales are still far below the last year at this same time however December did show a less than 1% increase from November and a 10% increase from a year ago. The national sales price of U.S. residential properties, including both distressed and non-distressed, hit $168,391 in […]

Mortgage applications rise 4.7% Refinance share increases 10%

Wednesday, January 22nd, 2014

GREAT NEWS – with new mortgage applications on the rise homes sales are sure to follow. Gwinnett county currently has a house supply – shortage and a buyer demand is increasing This report from HousingWire reports a  rising 4.7% for the week ending Jan. 17, the latest report from the Mortgage Bankers Association said. The refinance […]

Buy-and-Rent Investments

Tuesday, January 21st, 2014

Is it  getting harder to make a money buying up foreclosures and renting them out? The auction prices of homes climbed faster than rents in 2013, so returns on investment dropped, according to a report from CoreLogic. The practice is still profitable, but in many places not as much as it was. “It’s gotten so competitive that […]

Foreclosure Shadow Inventory Plummets to Lowest Level in 6 Years

Friday, January 10th, 2014

AILY REAL ESTATE NEWS | FRIDAY, JANUARY 10, 2014 Shadow inventory — also often known as “pending supply” — dropped to the lowest level since August 2008, to 1.7 million homes, CoreLogic reports in its latest report. The shadow inventory is down 24 percent compared to year-ago levels. CoreLogic estimates shadow inventory by the number […]

Half of All Homes Are Being Purchased With Cash

Thursday, October 3rd, 2013

Half of All Homes Are Being Purchased With Cash July 2013 Half of All Homes Are Being Purchased With Cash “More than half of all homes sold last year and so far in 2013 have been financed without a mortgage, according to an analysis by economists at Goldman Sachs Group.” (source: The Wall Street Journal) The […]

Government Shutdown effect on Real Estate

Wednesday, October 2nd, 2013

I know we may all be wondering how the Government shutdown may affect our daily Real Estate  business.   Here are the basics: -FHA and VA loans are currently experiencing a slight slowdown, as long as the shutdown is short lived -USDA is not accepting new applications or issuing guarantees  -The IRS and Social Security […]

How does the rise in interest rates impact home affordability in and around Gwinnett county ?

Monday, September 23rd, 2013

Impact of Rising Interest Rates Interest rates in Gwinett Co.  are still historically low, but both the Federal Reserve and Ben Bernanke have pretty much signaled the end to the Bar of Insanely Low Mortgage Rates. The Fed is about to reduce its program of bond-purchasing by the end of 2013, thereby suggesting the beginning of […]

Steeplechase Subdivision Home Sale

Friday, September 20th, 2013

Steeplechase Subdivision Home Sale Great 4 bedroom 2.5 bath Steeplechase Subdivision Home is coming to market next week.. Home features great upgrades large lot semi finished basement located in the Peachtree ridge schools and a short walk to Jackson elementary … list price … wait for it wait for it BAMMM $215,000 Steeplechase offers Lake, […]

Are homes values still on the rise ? Volatile Housing Market Ahead ?

Wednesday, September 18th, 2013

Are homes values still on the rise ? Volatile Housing Market Ahead ? The housing market has lost some of its momentum recently according to a new study by the Redfin Research Center. A recent report by REDFIN RESEARCH showed that “In August, 26.4 percent of active listings had their prices lowered, the highest in four years” is this […]