U.S. Housing Sales Prices Top Previous All-time High

For homeowners, the news was a long time coming. The bounce back from last decade’s dizzying plummet in the nation’s residential housing values has been underway for quite a while now—but those values hadn’t quite returned to their former heights.
Until last month!
The Wall Street Journal was early to break the long-awaited headline, “Existing-Home Prices Hit …

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Mortgage Rates Projected to Rise Sooner Rather than Later

Now that we are deep into July, with summer in full swing, there might be vague thoughts running through your mind about some potential real estate moves—but certainly not until the fall. Right now all most of us are thinking about is whether another
chilled glass of summer-something-or-other is in order. Mortgage rates and what the …

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Single Home Rentals Make Real Estate Investment News

Last week’s reporting showed the same kind of upward movement that’s become commonplace for real estate investment news watchers. A standout: Corelogic’s finding that national home prices in May increased by 6.3%, marking the 39th consecutive monthly year-over-year increase.
Actually, to a lot of us, that looked stronger than expected: the steady increase in U.S. sale …

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Homes for Sale Could Benefit from Brighter U.S. Outlook

Suppose you are a homeowner who intends to move to a different home eventually, but for the moment, you aren’t under any particular deadline pressure that would dictate when you have to put your home on the market. In that case, you’re likely to keep tabs on overall market conditions, awaiting what looks like circumstances …

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The Magic Word for Growing Your Property Value

As soon as you decide that you will be putting your property up for sale—whether soon or at some point in the foreseeable future—it’s also time to get strategic about growing your property’s value—starting with a generous dollop of objectivity.
The difficulty stems from a truth about how everybody perceives much of their property’s value. We …

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Heads-Up: Mortgage Rates aren’t Standing Still

In case you set your alarm clock to go off when it was time to buy a home, that clang you may be hearing from somewhere in the distance could be it (figuratively speaking, of course). The reason has to do with the direction of mortgage rates (among others).
Now, we realize this could come across …

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Homeowners see Foreclosure Bump as Cleanup, not Crisis

If you are one of those homeowners who has been gladdened to see property values continuing to rebound, you have also been pleased at the steady decline in the wave of foreclosures that were part of the global financial crisis. When the subprime mortgage crisis triggered widespread financial dislocation, many homeowners felt the repercussions. Every …

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Few Listings Will Top This One!

Putting together a listing is serious business. It has to be brief, to-the-point, and at the same time, engaging. The photos and language of a listing is the tip of the marketing spear: if it’s dull, and just a repetition of the specifics that are enumerated in the columns of numbers that follow, it’s less …

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Apparent Mortgage Rate Contradiction does Make Perfect Sense

If you’ve ever had the kind of neighbor who is apt to borrow something (like your hedge trimmer), only to later complain about how it performed, you know how much patience it takes to hold your tongue. The Mortgage Bankers Association would be justified if they felt that way about us: We’ve read their website, …

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Finding a Home’s Listing Price: More Art than Science

A listing can be a smash hit when the pictures show a property that’s cosmetically appealing, the copy rings true, and the details hit the sweet spot where features and value are a match for the best the area has to offer. But it still might not be as effective as it should be if …

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