NAR released a summary of existing-home sales data showing that housing market activity bounced back this month. September’s existing home sales reached the 5.47 million seasonally adjusted annual rate and existing-home sales are up 3.2 percent from a year ago. The national median existing-home price for all housing types was $234,200 in September, up 5.6… Continue Reading September 2016 Existing-Home Sales
In the wake of the financial crisis, the national conforming loan limit was frozen at its 2007 level of $417,000. After nearly a decade of waiting, Federal regulators may finally be ready to raise that limit as well as several other important demarcations in the mortgage market. Expanded Limits for an Expanding Housing Market The… Continue Reading Price Growth Foreshadows Important Change for Mortgage Borrowers
Hard to believe, but Microsoft has *never* released a desktop computer; that changed today with the announcement of the Surface Studio PC. For what it’s worth, it’s got this long-time Mac fan intrigued. Related: the star of the show appears to be the Surface Dial, a new input device your creative friends are really going… Continue Reading Microsoft’s First Desktop PC Lifts Off; Google Fiber Crashes; More in Five for Wednesday
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Jason Lutz REALTOR® Magazine is letting people know about a sponsor webinar on how to make better use of Facebook and other social media sites in your business. Below is a description of what you’ll learn by Jason Lutz, COO of REsocialbot, the webinar’s presenter: Social media marketing: Why it’s never worked for you in… Continue Reading Sponsor Webinar: Why Social Media Has Never Worked For You
The World Series kicks off tonight and it’s already been on heck of an October of playoff baseball. Who can forget (yours truly hasn’t) Los Angeles Dodgers left-hander Clayton Kershaw causing Washington Nationals fans to make react like this when he came jogging out of the bullpen in the 9th inning of an electrifying Game 5. Or… Continue Reading The World Series Winner Is…
At the national level, housing affordability is up from a year ago for the second consecutive month. Mortgage rates are down again and stood at 3.74 this August though increases are on the horizon. Housing affordability increased from a year ago in August pushing the index up 2.2 percent from 160 to 163.5. The median… Continue Reading August 2016 Housing Affordability Index
October is National Kitchen and Bath Month! While phrases like ‘gourmet kitchen’ and ‘spa-like master bath’ have become common place in home listings, are kitchen and bathroom remodels really worth the time and effort when you are trying to sell your home? The National Association of Realtors®’ Remodeling Impact Report takes a look at which… Continue Reading A Remodel for Kitchen & Bathroom Month?
With less than three weeks to go, let’s take a look at housing preferences of homeowners based on their political beliefs. Historically, there are states whose residents predominantly vote for Democratic Party (Blue) or Republican Party (Red) presidential candidates[1]. Do homeowners in those states have more in common than their political preferences? In addition to… Continue Reading Housing Characteristics for Homeowners in Blue and Red States
Facebook: is it friend or foe when it comes to building your business? On the face of it, a social media site like Facebook would seem to be a no-brainer for reaching out to people when they’re ready to buy or sell a house. But often the reality doesn’t live up to the potential. You… Continue Reading Using Facebook to Generate Offline Referrals