NAR membership flirting with 1 million mark

NAR membership is climbing back toward the 1 million mark again. After dropping to a low for the year of 963,478 in February, membership climbed to 997,148 in May. The number of Realtors broached the 1 million mark in April, … Inman News

How to stay on top of the changing REO climate

During the depths of the downturn, there were fears that housing markets would be flooded by a tidal wave of “shadow inventory” — distressed properties destined to be foreclosed on by lenders and sold at deep discounts. Suddenly, many markets … Inman News

Nearly half of all US homeowners with a mortgage still ‘underwater’ in Q1

Zillow: Homeowners with ‘effective’ negative equity helped keep inventory low Despite rising home prices early in the year, a significant portion of U.S. homeowners with a mortgage — about 44 percent — still owed more on their home than it was worth or didn’t have enough equity to move at the end of the first quarter, […]

8 tips for buying in a tight market

Don’t let disappointment immobilize you It’s always hard to predict how long it will take to find a home to buy. Given the current low-inventory environment, it may take you longer than it would in a balanced market that has enough homes for sale to satisfy the current buyer demand. Patience needs to be a […]

Homes under contract hit 2.5-year high in November

Demand in the Northeast and West drove an increase in pending home sales in November to the highest level in 2 1/2 years. Pending home sales grew by 1.7 percent from October to November and were up 9.8 percent from a year ago, reaching their highest level since April 2010, when buyers were rushing to […]

How to build a marketing program around video

Before co-founding video creation software company Videolicious, CEO Matt Singer cut his teeth in sales on QVC’s home shopping channel. There, he was amazed at the power of video to drive sales. He wondered why everybody didn’t use video. “The answer is video can be challenging to make, it can be expensive, it can be […]

Rising demand, scarce supply bolsters home prices

The number of existing homes for sale hit a low not seen in more than a decade in November as sales climbed to the highest level in three years, providing continued support for prices, the National Association of Realtors reported today. At $180,600, the national median existing-home price for all housing types was up 10.1 percent […]

Snagging real estate bargains on Florida’s ‘Forgotten Coast’

Here’s something you probably didn’t know. There’s a county in Florida with no strip malls, grandiose hotels or overdeveloped suburbs. In fact, there’s only one fast-food restaurant in the whole county, a Burger King, and no one can remember where it’s located. Now, I know what you’re thinking, I wandered into Disney World’s Magic Kingdom, […]

4 key questions to ask before hiring a contractor

If referrals aren’t provided, look elsewhere Q: I have a number of small projects that need doing around the house. What is a good way to find a qualified handyman? I have looked in the Yellow Pages of the phone book and made a couple of calls, but they have not responded to come to […]

Mortgage rates barely budge from record lows

Fed report finds improvement in housing markets in 10 of 12 districts After hitting record lows last week, mortgage rates have stayed tanked amid growing concerns that lawmakers won’t reach a compromise to avoid a “fiscal cliff” of automatic tax increases and spending cuts scheduled to take place next year, Freddie Mac said in releasing […]

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