Survey: Short Sale Process Still Falls short

Survey: Short Sale Process Still Falls Short Daily Real Estate News | Thursday, August 04, 2011 Seventy-seven percent of real estate professionals report that closing short sale transactions is “difficult” or “extremely difficult” — up from 70 percent in December 2010, according to a survey conducted in June by the California Association of REALTORS®. The…

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Fewer Homes For Sale, Inventories Fall Sharply

Fewer Homes For Sale, Inventories Fall Sharply Daily Real Estate News | Thursday, August 04, 2011 High inventories of homes for sale have plagued many markets, but in a recent analysis of metro areas, inventories were found to be shrinking sharply during the second quarter, The Wall Street Journal reports. About 2.34 million homes were…

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Weichert Wire – August 3

WEICHERT WIREPending Home Sales Rise in June Pending home sales increased in June for the second straight month. According to the National Association of Realtors (NAR), the Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 2.4 percent in June and is 19.8 percent above the reading in June 2010. Lawrence Yun,…

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Mortgage Applications Jump 7%

Mortgage Applications Jump 7% Daily Real Estate News | Wednesday, August 03, 2011 Mortgage applications were on the move up last week, with loan application volume soaring 7.1 percent last week over the previous week, the Mortgage Bankers Association reports. The refinance index rose 7.8 percent while the purchase index — the gauge for home…

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Top Priorities of First-time Home Buyers

Top Priorities of First-time Home Buyers Daily Real Estate News | Tuesday, August 02, 2011 First-time home buyers make up a big chunk of home buyers. So what are their top priorities when shopping for a home? Bankrate.com recently featured “must-haves” for first-time home buyers. Here are a few top priorities: Affordable price. “Unlike a…

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Survey: Sellers Are Happy, But Why Aren’t Buyers?

Survey: Sellers Are Happy, But Why Aren’t Buyers? Daily Real Estate News | Tuesday, August 02, 2011 Home sellers are more satisfied with real estate company services compared to last year, but buyers are less satisfied, according to the 2011 Home Buyer/Seller Study by J.D. Power and Associates, which gauged customer satisfaction of more than…

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