In reporting on their last contract that went into settlement or was terminated over the period June–August 2016, respondents indicated that 64 percent of contracts were settled on time, 30 percent had delayed settlement, and six percent were terminated, according to the August 2016 REALTORS® Confidence Index Survey Report. Among contracts that had a delayed… Continue Reading 64 Percent of Contracts Were Settled on Time
The Consumer Financial Protection Bureau’s “Know Before You Owe” rules went into effect one year ago today, and according to fresh survey data from the National Association of Realtors®, there’s still work ahead to get it right. “Looking back at the first year of Know Before You Owe, we saw a solid mix of challenges… Continue Reading Realtors® Mark Know Before You Owe Anniversary with Survey Showing Challenges Remain:
A year after implementation of the Know Before You Owe rule, many REALTORS® expressed both support, but also frustration. The TILA-RESPA Integrated Documentation (TRID) or Know Before You Owe rule went into effect on October 3rd 2015. In early September, NAR Research surveyed nearly 2,500 REALTORS® to get their perspective on the impact of Know… Continue Reading TRID: A Year Later
Field Guides are one-stop resource packages on dozens of subjects of interest to REALTORS®. On each page you’ll find links to articles, books, web sites, statistics, and other material on each subject. The list of the most-used field guides from Information Central for the month of September 2016 was released today: Field Guide to Quick Real… Continue Reading Top Field Guides for September 2016
HUD officials are developing new rules that will make it easier for buyers to get loans to buy condominium units and improve the process condo projects must go through to get certified by the FHA. The rules, set to come out at the end of October, follow the passage earlier this year of a new… Continue Reading Live Webcast: Understanding the New FHA Condo Financing Rules
Technology, vaccines, photography, laziness, home features, and identity. Have you updated your Yahoo account info yet? There is beauty in this new data center in the Arctic Circle. If you are one of the brave who downloaded the new iOS 10, you should be aware of some hidden features. How gullible are people? This gullible.… Continue Reading What We’re Reading: September 26 – 30
Powered by WPeMatico
WASHINGTON (September 29, 2016) — After bouncing back in July, pending home sales cooled in August for the third time in four months and to their lowest level since January, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined 2.4 percent to 108.5 in… Continue Reading Pending Home Sales Retreat in August
Since 1981, the Profile of Home Buyers and Sellers has collected data on whether home buyers purchased a new home or a previously constructed existing home. For many people around the country, new home construction simply does not exist in their area and moving to a location with new homes becomes a geographic hike that… Continue Reading To Buy a New or Previously Owned Home
It’s becoming very clear that a decent number of prospective buyers this year continue to be pinched by supply shortages and the subsequent run-up in home prices. That’s why only one region saw an uptick in contract activity in August. Can you guess where? With its slower price growth and better inventory levels, only the… Continue Reading August Pending Home Sales Recap – When a Chart Says It All