Michael Crist

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NFL Training Camp: Home Prices Can Vary in “Home Away from Home”

2017-01-12T11:44:59-05:00August 11th, 2016|NAR|

Don’t look now, but summer’s heat will soon slowly subside as the days become shorter and the air crisper. In fact, signs of fall are already beginning to appear in grocery store aisles (hello, pumpkin beer) and on the gridiron. Believe it or not, after a false start at the National Football League’s Hall of Fame game… Continue Reading NFL Training Camp: Home Prices Can Vary in “Home Away from Home”

June 2016 Housing Affordability Index

2017-01-12T11:44:59-05:00August 11th, 2016|NAR|

At the national level, housing affordability is down from a year ago as home price growth distresses affordability. Inventory levels are low and are putting pressure on home prices despite another month of declining mortgage rates. Housing affordability declined from a year ago in June pushing the index from 154.8 to 153.3. The median sales… Continue Reading June 2016 Housing Affordability Index

Home-Price Gains Unfettered in Most Metro Areas during Second Quarter

2016-08-11T03:01:27-05:00August 11th, 2016|NAR|

WASHINGTON (August 10, 2016) — Home prices maintained their robust, upward trajectory in a vast majority of metro areas during the second quarter, causing affordability to slightly decline despite mortgage rates hovering at lows not seen in over three years, according to the latest quarterly report by the National Association of Realtors®. The report also… Continue Reading Home-Price Gains Unfettered in Most Metro Areas during Second Quarter

Closing Documents Remain Elusive, but Change Coming

2017-01-12T11:45:00-05:00August 10th, 2016|NAR|

Lenders’ reluctance to share closing disclosures (CDs) with REALTORS® rose in the 2nd quarter of 2016 according to responses to NAR’s Survey of Mortgage Originators. Under the new Know Before You Owe or TRID rules, the HUD-1 closing form was replaced with the CD. In the past, REALTORS® frequently reviewed the HUD-1 for their clients… Continue Reading Closing Documents Remain Elusive, but Change Coming

Recap: Metro Home Prices Continue Ascent in Second Quarter

2017-01-12T11:45:00-05:00August 10th, 2016|NAR|

$1,085,000. That was the eye-grabbing, milestone figure highlighted in today’s NAR research release of second quarter metro home prices. For the first time ever, a metro area – San Jose, California – had a median single-family home price above $1 million. For the rest of the country the theme of robust price growth continued. Single-family home… Continue Reading Recap: Metro Home Prices Continue Ascent in Second Quarter

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