2013 Mortgage Rate Predictions

  Just in time for buying and selling season to settle down slightly, we predict mortgage rates to be (drum roll, please)…about the same as they are now. Yes, mortgage rates in general will be on a steady pace for the next couple months and they will appear to be stuck in this range for [...]

Three Things

Have you ever thought about being a landlord? Or have any of your clients mentioned to you the possibility of investing in real estate? If they did, you certainly jumped at the opportunity and went shopping for possible deals on behalf of your new-found investor. But do you have other clients that might like to [...]

Homebuilder Confidence Rises to Highest Level Since 2006!

  "Confidence among U.S. homebuilders climbed in December for the eighth straight month, reaching its highest level in more than six ears and adding to signs the real-estate market is aiding the economic expansion.   The National Association of Home Builders/Wells Fargo index of builder confidence increased to 47, the highest since April 2006, from a revised 45, the Washington-based group [...]

NPR – Renters No More: Newbies Lured To Homeownership

Great article from NPR...heard this on the drive in this AM. "Today, buying a house may once again look like a sound financial option, at least in many parts of the country where markets have stabilized, mortgage interest rates are extremely low, and rents are moving sharply higher. "If you are in a stable place and you [...]

Want Quicker Closings?!

WANT MORE ATTENTION ON YOUR CLOSING DAY? Pick a non-common date to close.  Most common industry dates: 1st, 5th, 10th, 15th, 20th, 25th, 30th.... Pick dates like: 3rd, 8th, 14th, 18th, ...they are less common for the industry, meaning fewer funds being wired to title, less closings for attorney's and less funding for lenders. Simple things like this will cut [...]

If you can buy, why rent?

Mortgage Interest Rates spiked, mainly because of the evident consumer confidence in the market. Home sales will increase and listing times will decrease, if you list to sell! A 1.000% INCREASE in rates to the average buyer is relative to a $50,000 decrease in buying power. Sitting on the fence will only decrease your potential [...]

Baird & Warner Gives Deeper Integration to Internet Home Searching

Baird & Warner is done chewing on the surface and ready to spit out the launch of their new online home buying search tool.  With more profound lifestyle search options, B & W will give buyers better results in their online home buying and searching experiences. Utilizing feature settings going beyond the direction buyers want their home to face (North, South, East or West,) [...]

Brookfield Asset Management acquires Prudential Real Estate and Relocation Services

Last night Brookfield Asset Management announced the purchase of Prudential. Here is a copy of an early press release from Brookfield: Brookfield acquires Prudential Real Estate and Relocation Services Brookfield Residential Property Services, a Brookfield Asset Management (BAM) affiliate, announced that it has purchased Prudential Real Estate and Relocation Services, or PRERS, from Prudential Financial [...]

Freddie Mac Gets Real on Agent Sales Promotion

Freddie Mac launched a sales promotion for its inventory of foreclosed homes in select states. Under the HomeSteps Winter Sales Promotion, HomeSteps will pay up to 3% of the final sales price towards the buyer's closing costs and a $1,000 selling agent bonus for initial offers received between Nov. 15 and Jan. 31, 2012. Freddie Mac [...]

New Appraisal Requirements!

I know there is a lot out there about the new appraisal requirements that start to take place on Sept 1. Just to give you all a little color behind and what we have already done here to make sure we are compliant with it: UAD is simply the new format that all appraisals have [...]