In the last few weeks, mortgage rates have significantly increased and we have witnessed some of the biggest jumps in the last 26 years. Despite the rise in rates, real estate pros are sure that this will not make homebuyers back off and houses will continue to be sold at the same pace, maybe even faster. Freddie Mac said that …
Single women have come a long way in the professional world and in homeownership. Even though home buying decreased during the recession, the ratio of single women to single men buyers has remained constant since the late 1990s, according to Walter Maloney spokesperson for the National Association of Realtors (NAR). He says that about one in five homeowners are single …
Citigroup Inc. is required to pay $968 million to compensate the taxpayer-backed mortgage buyer, Fannie Mae, for over a decade of claims linked to faulty home loans. In a recent statement Citigroup said that the agreement includes 3.7 million mortgages originated from 2000 to 2012 that were sold to Fannie Mae. Even though payments are covered by existing reserves, Citigroup …
The Fourth of July holiday is this Thursday and we’d like to take this time to give you some safety tips to make this holiday enjoyable and safe. Currently, there are over $35 million a year in national fire damages resulting from fireworks and decorations associated with fireworks. Each year, thousands of people rush to emergency rooms on the Fourth …
Home prices have shot up over the last 12 months, according to Trulia. In the report, 2013’s Top 10 Healthiest Housing Markets, Trulia reviews the largest housing markets in the nation based on three characteristics: it identifies the characteristics of a healthy housing market as – strong job growth; low, but manageable vacancy rates; and low foreclosure inventory. Houston was …
Traditional marketing has transitioned into Social Marketing. Brands and marketers are using various social platforms to reach out to consumers. And, marketers want to know what works best in social media marketing. In a recent report from the Social Media Examiner, the most important question asked by 90 percent of marketers was – which tactics work best? This question was …
The economic trends of the housing market over the last decade have been all over the place. Home prices were soaring until the year 2005, when they spiraled down at a fast pace. Home prices started to increase again in 2012. But, how strong is the housing recovery and what will home prices look like over the next decade? In …
According to an analysis prepared by Trulia, compared to renting, buying a house is a better deal in every major US housing market so long as mortgage rates remain below 5.2 percent. Although the increasing interest rates will make homeownership unaffordable for some, the recent increase to over 4 percent isn’t expected to affect the housing activity. Mortgage rates increased …
This is a newly compiled list of what consumers want in home design, which ranges from spa-like master bathrooms, to super-large kitchens, to beautiful outdoor spaces. Smaller homes Based on the results of a recent AIA Design Trends Survey, consumers are transitioning towards wanting smaller home sizes. They are more focused on conserving energy costs. Private outdoor spaces The majority …
