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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Foreclosures Fall Again, Reaching 3-year Lows

Foreclosures Fall Again, Reaching 3-Year Lows Fewer home owners are losing their homes as the number of foreclosure filings sank to more than a three-year low in April, RealtyTrac reports. The number of foreclosure filings in April dropped 34 percent from a year ago, also marking the seventh straight month of declines, and reaching its…

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Mortgage Rates Drop to Lowest Level of Year

Mortgage Rates Drop to Lowest Level of Year In declining for the fourth straight week, mortgage rates reached their lowest levels of 2011. The 30-year fixed-rate mortgage, a popular choice among home buyers, averaged 4.63 percent this week, reports Freddie Mac in its weekly mortgage market survey. Last week, the 30-year mortgage stood at 4.71…

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Commercial Real Estate Slowly Turning Around…

Commercial Real Estate Slowly Turning Around Sales and leasing volumes in commercial real estate have turned a corner and are heading up, but because the past few years have been so difficult, the upturn barely feels like one. However, the sector is expected to strengthen more over the next couple of years, NAR Chief Economist…

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Economy, Affordability to Drive Homes Sales Growth

Economy, Affordability to Drive Home Sales Growth Home sales are on track to outperform last year, even though the market doesn’t have the benefit of the home buyer tax credit. This is thanks to sustained economic growth, the slowly recovering jobs picture, and historically high affordability conditions, NAR Chief Economist Lawrence Yun told a packed…

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Existing Home Sales Rise in Most States

Existing-Home Sales Rise in Most States Existing-home sales continued to recover in the first quarter with gains in 49 states and the District of Columbia, while 22 percent of metropolitan areas saw prices rise from a year ago, according to the latest survey by the NATIONAL ASSOCIATION OF REALTORS®. Total state existing-home sales, including single-family…

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