What’s Really Driving the Rise in Home Prices? Daily Real Estate News | Tuesday, November 27, 2012 The Wall Street Journal recently cited five significant factors behind the rise in home prices, as numerous markets see significant year-over-year gains. The big price drives are: 1. The rise in housing affordability – which is drawing more…
DetailsMortgage Rates Reached New Lows Again Last Week Daily Real Estate News | Monday, November 26, 2012 Mortgage rates continue to fall, with fixed-rate mortgage rates reaching new record lows last week for the second consecutive week, Freddie Mac reports in its weekly mortgage market survey. “Fixed mortgage rates continued to ease somewhat this week…
DetailsReal estate prices in Colorado Springs climbed 4.4 percent year over year in September. That was including the sale of distressed properties, which are those that sell in a short sale or some stage of foreclosure. Without distressed properties, prices increased 4.2 percent, according to a report from CoreLogic, a real estate analytics firm. Home…
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Mortgage Rates Fall into Record-Breaking Territory Daily Real Estate News | Friday, November 16, 2012 Fixed-rate mortgages dropped to new all-time lows this week, pushing homebuyer affordability even higher for those who can qualify. “Fixed mortgage rates eased this week to record lows on indicators of higher consumer confidence and wholesale prices,” Frank Nothaft, Freddie…
DetailsTop 10 Cities for Best Air Quality Daily Real Estate News | Thursday, November 15, 2012 In some cities, you can breathe a little easier. The maker of Honeywell air purifiers recently ranked the top cities with the best air quality, based on pollen counts, ozone concentrations, public smoking laws, green initiatives, and other factors.…
DetailsDown Payments Shrink, Buyers Bring Less to Closing Daily Real Estate News | Wednesday, November 14, 2012 The median down payment sank to its lowest level since 2009, averaging 9 percent for home buyers this year, according to housing data by the National Association of REALTORS®. First-time home buyers’ median down payment was 4 percent…
DetailsThe ‘Other’ Market: Reaching the Asian Community Daily Real Estate News | Monday, November 12, 2012 Jim Park has a category problem. When listening to people talking about diversity, the president of the Asian Real Estate Association of America notices that after they address white, black and Hispanic people, they hit a wall. “The last…
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