Brexit, the vote by British citizens to leave the European Union, could have far reaching implications for international trade, but it could take several years to realize the full impact. In the near term, it means lower mortgage rates, stronger refinances, and improved affordability for home buyers. For the 2nd quarter Survey of Mortgage Originators,… Continue Reading Brexit: Lower Rates with Little Delays
Commercial real estate transactions span the price spectrum, but tend to be measured and reported based on size. While the majority of buildings (81 percent) are relatively small (small cap CRE), with the bulk of commercial space (71 percent) concentrated in larger buildings (large cap CRE), larger buildings account for the majority of sales. CRE… Continue Reading Cap Rates Compress in REALTORS® CRE Markets In Q2.2016
Olympics, mortgages, castles, design, tedium, cookies, autonomous growth, reviews, and tech! Train for citius, altius, fortius, but don’t count on making a profit. Rule 40 prevents athletes from cashing in during the games. If a gold medal winner wants cash, they could sell their medal for $564. One (profiting) athlete just tied an Olympic record… Continue Reading What We’re Reading: August 8-12
Younger households finally may be shifting toward buying rather than renting in greater numbers, a new survey by Fannie Mae finds. Powered by WPeMatico
Home prices were on the rise in 83 percent of the metros across the country in the second quarter compared to a year earlier, according to the...Powered by WPeMatico
For renters who aspire to home ownership, transitioning from an apartment to a house requires a shift in their thinking that they may not be...Powered by WPeMatico
These second-home units, often located in the back yard, are becoming difficult to build across the U.S., and in some cities, they're even...Powered by WPeMatico
A dollar can swing by more than 30 percent in terms of what it can buy depending on where you live.Powered by WPeMatico
In the monthly REALTORS® Confidence Index Survey, the National Association of REALTORS® asks members “For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer’s offer?” At least half of the properties that sold in April–June 2016… Continue Reading In What States Did Properties Sell Quickly in April–June 2016?
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”