Senior Housing Continues to Evolve



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Baby boomers are doing it one more time – changing the landscape of society. As the 77 million boomers move into retirement, it’s no longer your grandfathers’ retirement community. Today’s seniors are more diversified and more active. They continue to be active both physically and mentally. Beyond Bingo Senior communities are being forced to move […]

Housing Inventory Distorted by ‘Pocket Listings’



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While the number of homes for sale nationwide is showing signs of inching up, inventories still remain constrained in many housing markets across the country.

Home Sales Rise for Fourth Consecutive Month



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A recent RE/MAX National Housing Report shows home sales in June were higher than sales for the previous month. This is the fourth consecutive month of increases. According to the article in RISMedia, closed transactions for June were 4.5% higher than for the previous month, but were 1.95% lower than transactions for June last year. […]

Negotiating Real Estate Contracts To Your Advantage



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Everything in a real estate contract can be negotiated with the exception of what is required by state law. It’s not always a good idea to go with the standard purchase agreement when you’re looking for the best deals. However, when you draw up your own purchase agreement, it’s always good to have it reviewed […]

How Long Will The Housing Recovery Take?



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The housing recovery began approximately 3 years ago, but many local markets have still to regain values lost during the recent recession. The question most people want to know is how long will it take for home values to achieve their pre-recession levels. Unfortunately this process could take years, especially while the housing recovery is […]

Missing Mortgage Payments Could Cost You Dear



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People can miss a mortgage payment for a variety of different reasons, and circumstances do change. Job losses or relocation can all put pressure on household finances and homeowners may end up owing more than their properties value. Figures from the Mortgage Bankers Association show approximately 6% of mortgage loans were at least one payment […]

Are Open Houses Being Underutilized?



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Open houses can generate a lot of buyer traffic for a listing, but they are held for only a small fraction of listings. According to a HomeFinder.com study, open houses were held to reach potential buyers for only 6.3 percent of listings nationwide.

New Home Inventory Increasing Buyer Interest



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House building has been in a record low for years, but now builders are beginning construction on lots purchased during the recession. Construction is now helping to boost low inventory levels, and is increasing buyer interest in numerous markets. During the last 12 months there were more than 1 million residential housing permits issued. More […]

HAMP Borrowers Facing Hike in Interest Rates



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During the recent housing crisis, at risk homeowners took advantage of the federal government’s emergency plan to help avoid falling into foreclosure. Unfortunately now many could be facing a new crisis, which is an increase in interest rates. According to the article in aol.com, banks began sending out notices in June, warning of interest rate […]

Affordable homes becoming scarce in the Lone Star State



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Texas is home to some of the strongest performing housing markets in the nation, but recent reports show the market for homes $150,000 of less is quickly drying up.