How to keep your cool when everyone else is losing itKey Takeaways It’s not about you; it’s about your clients and the transaction. Don't react to other people's anger or aggression.Co-written with Lynn Wheeler.Yep, it’s that time of year again: The time when you’re running crazy with your hair on fire and your phone melting in your hands; when you need six more hours in the day to get everything done; when you’re juggling multiple off
Facing the challenges of low inventory, acknowledging the facts and pushing forwardKey Takeaways Some sellers are developing unreasonable expectations in this seller's market. Investors and baby boomers aren't selling as expected, which is contributing to the issue of low inventory.We are in what I call an epic seller’s market, and it is impacting every aspect of business from lead generation to how we use technology.The seller’s market is fu
Many in the real estate market are looking to the townhome market to help fill the demand for greater entry-level homes for buyers. But the wait will be longer.Townhouse construction starts continued to increase on a year-over-year basis, but the growth rate has showed signs of slowing recently, according to an analysis by the National Association of Home Builders.Townhouse starts totaled 98,000 in the fourth quarter of 2016, a 4 percent increase
For the fifth consecutive week, the 30-year fixed-rate mortgage remained around 4 percent."The 30-year mortgage rate fell 3 basis points this week to 4.02 percent,” says Sean Becketti, Freddie Mac’s chief economist. “However, this week's survey closed prior to Wednesday's flight to quality. The delayed impact of the associated decline in Treasury yields may push mortgage rates lower in next week's survey."Freddie Mac reports the following
Mortgage refinance activity may have been the true hidden culprit behind the housing crisis, according to a new report by the Urban Institute written by Laurie Goodman, codirector of UI’s Housing Finance Policy Center.Mortgage refinances were more likely to default than mortgages taken out to purchase a home “mostly because many people were treating their homes as ATMs through cash-out refinances,” Goodman notes.Eighty-four percent of gover
The Consumer Financial Protection Bureau reportedly is looking into whether some of Zillow’s advertising revenues violate regulations against kickbacks, MarketWatch reports.The investigation centers around the Real Estate Settlement Procedures Act, known as RESPA, and how a real estate agent or lender gets business from a home buyer. RESPA prevents agents and lenders from funneling customers to one another in exchange for kickbacks or rewards.T
More homes are predicted to be sold this year than in more than a decade. In 2017, the number of existing-home sales is expected to increase about 3.5 percent to 5.64 million. By 2018, existing-home sales will likely rise another 2.8 percent to 5.8 million, according to forecasts by the National Association of REALTORS®.The rise in new jobs, pent-up household formation, and increasing consumer confidence are helping to propel the housing market
If you’re new to water features, a little nervous to try them, or just plain lazy, then consider this your personal guide to installing a backyard pond and waterfall.There will be no fancy-pants koi fish to clean up after, no custom river rapids, and no Niagara-sized waterfalls here. We’re working with the simple stuff: a basic rigid plastic pond liner, a waterfall pump kit, rocks, and aquatic plants — all of which should be available at y
iPro currently deals throughout the states of California and Texas with new offices in New York and Florida. We continue to strive to broaden opportunities for real estate professionals and consumers. Visit www.iprore.com for the latest information and links.Click here for information on how to become a salesperson.
Household debt is topping its 2008 peak prior to the housing crash. Total household debt has risen to $12.73 trillion in the first quarter, the Federal Reserve Bank of New York reported Wednesday.However, Americans are handling their debt—mortgages, credit cards, auto loans, and other forms of borrowing—much better, the report shows.Americans were delinquent on 4.8 percent of total debt in the first quarter. For comparison, at the end of 2009
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