Commercial Real Estate Prices Dip

Commercial Real Estate Prices Dip Moody’s Investors Service is reporting that U.S. commercial real estate prices declined by 3.7 percent during the month of April, as distressed prices masked the price recovery seen in larger, higher-quality assets. The commercial property sector continues to struggle with slumping demand, and April marks the fifth straight decline in…

Details

Mortgage Rates Hold Steady at Yearly Lows

Mortgage Rates Hold Steady at Yearly Lows Mortgage rates remained mostly flat this week, hovering near yearly lows, Freddie Mac reports in its weekly mortgage market survey. “Mortgage rates were virtually unchanged this week amid further indications of a soft housing market,” says Frank Nothaft, chief economist at Freddie Mac. The National Association of REALTORS®…

Details

Weichert, Realtors Introduces Apple iPhone Application

An up-to-the-minute communication for RVPs, Managers, Processing Managers, and company and department heads The following news release was issued today: WEICHERT, REALTORS INTRODUCES APPLE iPHONE APPLICATION MORRIS PLAINS, N.J., June 23, 2011 — Weichert, Realtors recently launched an iPhone application for all consumers who have the capability of connecting to the company website through an…

Details

Study Reveals Fastest Growing Real Estate Clients

Study Reveals Fastest Growing Real Estate Clients Minorities and immigrants will drive growth in housing demand in coming years, a new study reveals. Within the next 15 years, researchers say they expect this population segment to drive demand for condominiums, smaller starter homes, and first trade-up homes. Also, this growing demographic is expected to represent…

Details

More Lawmakers Fight 20% Down Payment

More Lawmakers Fight 20% Down Payment A proposed 20 percent down payment rule for qualified residential mortgages is too high, argues a growing group of lawmakers in the House of Representatives. Late last week, about 240 lawmakers in the House sent a second letter to federal regulators urging them to lower the down payment rule…

Details

What Today’s Buyers Desire

What Today’s Home Buyers Desire Home buyers have high expectations for their purchases this year, the most critical of which may be a really great deal. In addition to more bang for the buck — and the bragging rights that go along with a superior bargain — today’s house hunters also are looking for incentives,…

Details

11 Fastest-Selling Real Estate Markets

11 Fastest-Selling Real Estate Markets Nationally, the median age of inventory of homes on the market shrank slightly in May from April to 92 days, but still marks a 4.55 percent year-over-year increase. But in some markets homes are selling much faster. For example, the fastest-selling market continues to be Denver, where homes are selling,…

Details