Investors to Dominate Market for Next 2 Years

Investors to Dominate Market for Next 2 Years Investors are expected to outnumber traditional home buyers three to one in the next two years, according to a national survey by Move Inc. These investors also are ready to compete with traditional first-time home buyers to snag the best deals. About two-thirds of investors say they…

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Affordability Reaches Highest Level in 20 Years!

Affordability Reaches Highest Level in 20 Years Homes are more affordable to more families, according to the latest index for the first quarter of 2011 that shows affordability reaching its highest level in more than 20 years. Nearly 75 percent of all new and existing homes sold in the first quarter of 2011 were affordable…

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Where Homes Are Selling in 2 Months or Less…

Where Homes Are Selling in 2 Months Or Less Nationally, homes spent 95 days on the market in April, which is up 13 percent year-over-year, according to April housing data from Realtor.com of 146 markets. But in a few markets, the median age of inventory of homes for sale was less than 60 days. Here…

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Mortgage Rates Reach Another Low for 2011

Mortgage Rates Reach Another Low for 2011 For the fifth straight week, mortgage rates inched down again–this time reaching the lowest level of the year as well as lowest year-to-date. The 30-year fixed-rate mortgage averaged 4.61 percent this week, while the 15-year rate averaged 3.80 percent, Freddie Mac reports in its weekly mortgage market survey.…

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U.S. Home Sales by Foreign Buyers Surge

U.S. Home Sales by Foreign Buyers Surge The U.S. continues to remain a top destination for foreign buyers as international purchases surged by $16 billion this year, one of the highest increases in recent years. This is according to the National Association of REALTORS®’ 2011 Profile of International Home Buying Activity. According to the survey,…

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High Gas Prices Trigger Changes in Buyer Behavior

High Gas Prices Trigger Changes in Buyer Behavior The rise in gas prices is influencing buyer decisions as they shop for a new home, causing more buyers to make short commutes and home offices a top priority, according to a new Coldwell Banker survey of more than 1,000 of its real estate professionals about buyer…

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