In today’s challenging real estate market, selecting the right realtor is crucial. For many, buying or selling a home is the most significant transaction in their lives. Don’t gamble with your home or your future! Whether you’re planning on buying, selling, or you just have a question, please call us first!
Recent Real Estate News
New home sales soar above market expectations
New home sales surged in March with double digit increases from last year and even significant progress from February. The numbers beat the market’s expectations, and one expert points out the spring home-buying season is already off to a busy start.FHFA: Home prices jump 6.4% annually in February
Home prices increased in February, as several reports already showed. The latest report, put out by the Federal Housing Finance Agency, uses home sales price information from mortgages sold to, or guaranteed by the GSEs, and therefore excludes cash sales and jumbo loans.Case-Shiller: Home prices hit fourth consecutive all-time high
Home prices increased to a new high for the fourth consecutive month, according to the Case-Shiller index. S&P Dow Jones Indices’ chairman explains the state of the housing market, and how rising home prices fall in line with the nation’s home sales, housing inventory and other factors.First American: Home affordability slips in February
As home prices reached all new peaks and interest rates remain above levels seen last year, affordability decreased in February. Unlike home prices, affordability remains well below its pre-crisis peak and even historical norms.RE/MAX and HouseCanary collaborate to provide agents with real estate data
RE/MAX and HouseCanary announced a collaboration to provide agents with exclusive data. HouseCanary is a real estate analytics company that provides values and forecasts for more than 18,000 U.S. residential markets and 100 million properties. Want to know what a home will be worth in two years? RE/MAX agents now know.[Charts] Black Knight: Home prices hit new peak in February
Black Knight released a new report showing home prices increased in February to a new peak. Some states increased to a peak, however others remain a full 20% before previous peaks. The report breaks down the top metros with home price increases and those with the greatest drops.Here's a detailed breakdown of Ocwen's new restrictions by state
The servicing issues at Ocwen Financial are allegedly so widespread that some states are placing stricter restrictions on the nonbank, beyond freezing the company’s ability to acquire new mortgage servicing rights and originate new mortgage loans. In fact, in one state, Ocwen has basically been put of out business entirely.NAHREP stands behind Mortgage Banker Association proposition for GSE reform
The National Association of Hispanic Real Estate Professionals issued a statement supporting the Mortgage Bankers Association’s proposal for GSE reform. NAHREP stressed that it supported the MBA’s focus on affordable housing, which would help Hispanics who make up 40% of the U.S. first-time homebuyer population.Opinions conflict: Will low inventory hold back future home sales?
After the National Association of Realtors released its report showing strong existing home sales but struggling inventory levels, experts chimed in on what that means for the spring home-buying season and for the rest of 2017. Their opinions, however, differed.Existing home sales soar to highest pace in more than a decade
Existing home sales increased in March to the highest pace in more than a decade and home were sold significantly faster than last month and last year. However, one factor continues to put pressure on home buyers and hold back home sales: inventory. NAR’s chief economist explains that unless the market sees new inventory soon, home price increases will continue to outpace incomes.