Mortgage Rates Mostly Hold Steady This Week

Mortgage Rates Mostly Hold Steady This Week Daily Real Estate News | Friday, October 21, 2011 Mortgage rate averages moved very little this week, continuing to hover near 60-year lows, Freddie Mac reports in its weekly mortgage market survey. “Mortgage rates remained relatively unchanged this week amid mixed economic data reports,” Frank Nothaft, chief economist…

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Investors See Bigger Profits From Rising Rents

Investors See Bigger Profits From Rising Rents Daily Real Estate News | Friday, October 21, 2011 Rental demand and prices continue to soar, and investors are cashing in. Rents are rising at a 5.17 percent annual rate — up from last year’s 4.72 percent rate. If rents continue to grow at their current pace, they…

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Are Banks Getting Better on Short Sales?

Are Banks Getting Better on Short Sales? Daily Real Estate News | Thursday, October 20, 2011 Are short sales getting easier? Some home owners are reporting that banks are now not only more willing to consider a short sale, but are even offering incentives to complete a short sale. For example, a home owner in…

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Existing-Home Sales Off in September but….

Existing-Home Sales Off in September Daily Real Estate News | Thursday, October 20, 2011 Existing-home sales were down in September on the heels of a strong gain in August, but remain well above a year ago, according to the National Association of REALTORS®. Total existing-home sales, which are completed transactions that include single-family, townhomes, condominiums…

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Lenders Are Making More Loans!!!

Lenders Are Making More Loans Daily Real Estate News | Wednesday, October 19, 2011 While the growth has been modest, banks are starting to make more loans again, The New York Times reports. Yet, the lending does tend to favor the strongest corporate and consumer borrowers, the article notes. With more stringent underwriting criteria the…

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What’s the Best Day to List a Home?

What’s the Best Day to List a Home? Daily Real Estate News | Wednesday, October 19, 2011 List a home on Friday and you’ll have a greater chance of success when selling it, according to Redfin, which analyzed 1.2 million listings in 16 markets over 21 months to determine the best day of the week…

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New-Home Building Soars 15% in September

New-Home Building Soars 15% in September Daily Real Estate News | Wednesday, October 19, 2011 Last month, home building was at its fastest pace in 17 months, rising 15 percent from August and posting the new-home sector’s best pace since April 2010, the Commerce Department reported Wednesday. In September, single-family home building increased 1.7 percent,…

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30-Year Mortgage Rates Drop Below 4%

30-Year Mortgage Rates Drop Below 4% Daily Real Estate News | Friday, October 07, 2011 For the first time ever, 30-year fixed-rate mortgages fell below 4 percent, Freddie Mac reported in its weekly mortgage market survey. In the last month mortgage rates have continued to set new weekly record lows, but the 30-year mortgages’ latest…

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