Freddie Mac yesterday released the latest results of its Primary Mortgage Market Survey, and it found what by now has become common – that average fixed mortgage rates hit record lows last week.
The 30-year FRM averaged just 3.79 for the week ending May 17, a four basis point decline from the 3.83 percent of the week prior and a substantial drop from the 4.61 percent from last year.
No matter if you’re a broker or an individual agent, you want to know how to get the most success from yourself or your team. Agents and brokers can either blend into the crowd with every other agent and team, or stand out by providing an excellent process and presentation. Focus your energy on deeper aspects of selling for maximum results.
Inventory levels in the U.S. housing market are down 21 percent from last May, according to the newest statistics from Pro Teck Valuation Services.
A real estate valuation firm based in Waltham, Mass., Pro Teck said many of the most depressed local markets in the nation have been seeing increased home sales accompany the falling inventories.
Residential/CRE Investor, a newly-released app for the iPhone, iPad and iPod touch, is a sophisticated yet user-friendly financial model for evaluating single-family, multifamily and commercial real estate investments
George Mathew, the app’s creator, said he wanted to create a program that effectively compared financial returns from a number of different products.
Housing starts for privately-owned homes rose by nearly 30 percent year-over-year in April, perhaps the strongest sign yet of a recovery in residential construction.
According to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development, starts were up 2.6 percent from March to April and 29.9 percent from April 2011 to a seasonally adjusted annual rate of 717,000.
Housing finance was the main feature of a multi-panel discussion at the Realtors Midyear Legislative Meetings & Trade Expo in Washington yesterday.
Officially titled “Housing Policy in 2013: Challenges, Opportunities and Solutions,” the symposium featured a who’s who in the world of housing finance, including Ed DeMarco, the acting director of the FHFA, Carol Galante, the acting commissioner of the FHA, Mark Zandi of Moody’s Analytics and Susan Watcher, a professor at the Wharton School of Business.
Today’s real estate market is challenging and competitive, but this year’s Realtor Magazine “30 Under 30″ honorees haven’t let that deter them. The 2012 class is following in the strong entrepreneurial tradition of real estate, creating their own pathways to success.
Home sales in the Houston area were positive again in April, increasing for the 11th straight month and reaching their highest level since August 2011.
According to the latest data from the Houston Association of Realtors (HAR), single-family home sales in April increased 9.6 percent from a year ago and rose by the second largest monthly total of 2012.