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Real Estate

New Lender Devoting Loans to Clean Energy

NAR Daily News Magazine - November 30, 2017 - 12:00am

The Clean Energy Credit Union aims to help and inspire more homeowners in going green.

Categories: Real Estate

How to Stay Sane When You’re Overworked

NAR Daily News Magazine - November 29, 2017 - 12:00am

Learn to say no and delegate tasks with these tips for overextended real estate pros.

Categories: Real Estate

Long & Foster Has a New Look

NAR Daily News Magazine - November 29, 2017 - 12:00am

The real estate company marks its 50th anniversary in business with a newly refreshed brand identity.

Categories: Real Estate

5 Housing Trends to Watch for 2018

NAR Daily News Magazine - November 29, 2017 - 12:00am

What will be the drivers behind the real estate market in the new year? Realtor.com® releases its 2018 National Housing Forecast. 

Categories: Real Estate

FHFA Raises Conforming Loan Limits Again

NAR Daily News Magazine - November 29, 2017 - 12:00am

With rising home prices, mortgage financing giants Fannie Mae and Freddie Mac will allow a higher conforming loan limit in most parts of the...

Categories: Real Estate

The Good, Bad Behind Latest Home Sales Report

NAR Daily News Magazine - November 29, 2017 - 12:00am

Pending home sales rebounded strongly in October, but economists are still concerned. 

Categories: Real Estate

The Front Porch Is in Demand

NAR Daily News Magazine - November 29, 2017 - 12:00am

Don’t forget to highlight this important selling feature, particularly among the younger crowd who is increasingly turning the front...

Categories: Real Estate

Post-Turkey Slump? Loan Demand Drops

NAR Daily News Magazine - November 29, 2017 - 12:00am

The Thanksgiving holiday may have taken a bite out of mortgage applications last week.

Categories: Real Estate

Where Are America's Worst Traffic Hotspots?

NAR Daily News Magazine - November 29, 2017 - 12:00am

A research study identifies the cities and even the traffic routes where congestion costs wasted time, productivity, and personal hours.

Categories: Real Estate

Homes in Major Markets Realize Thousands in One Year

RisMedia Consumer News - November 28, 2017 - 3:06pm

Homes in major markets have realized over $10,000 in the last year in value, according to the October Zillow® Real Estate Market Report. In fact, the median nationally has risen over $12,500. Appreciation is highest in the San Jose, Calif., metropolitan area, where prices have soared $118,200, or 12.3 percent, to a median $1,076,400. Nationally, there are now 11.7 percent fewer homes for sale compared to one year ago.

“We are in the midst of an inventory crisis that shows no signs of waning, impacting potential buyers all across the country,” says Dr. Svenja Gudell, chief economist at Zillow. “Home values are growing at a historically fast pace, and those potential buyers want to get in the market while they still can. But with homes gaining so much value in just one year, buyers—especially first-time buyers—have to set aside more and more money for a down payment just to keep up with them. Unfortunately, there’s just not enough homes for sale, and demand will continue to drive prices higher until we reach a better balance between supply and demand.”

For more information, please visit www.zillow.com.

For the latest real estate news and trends, bookmark RISMedia.com.

The post Homes in Major Markets Realize Thousands in One Year appeared first on RISMedia.

Categories: Real Estate

5 Overlooked Dirt Spots Buyers Will Notice

NAR Daily News Magazine - November 28, 2017 - 12:00am

Make sure your selling clients pay attention to these areas in a home that often go uncleaned, but could stand out to others.

Categories: Real Estate

This Is How Fast a Home Sells Today

NAR Daily News Magazine - November 28, 2017 - 12:00am

The median time on market is shockingly shorter than it was five years ago, according to new NAR data.

Categories: Real Estate

Sorting Through the Tax Reform Proposals

NAR Daily News Magazine - November 28, 2017 - 12:00am

Here’s a roundup of key items to know about the House and Senate bills making their way through Congress.

Categories: Real Estate

New-Home Sales Surge to 10-Year High

NAR Daily News Magazine - November 28, 2017 - 12:00am

A construction ramp-up in entry-level price points is helping to increase demand.

Categories: Real Estate

Millennials: We Don’t Want to Be Renters

NAR Daily News Magazine - November 28, 2017 - 12:00am

Young adults show desire for homeownership, prompting upbeat forecasts for homebuying activity in the future.

Categories: Real Estate

Suburbs to Be Hot Office Markets in 2018

NAR Daily News Magazine - November 28, 2017 - 12:00am

Economists predict that 47 percent of overall office development next year will be in suburban areas.

Categories: Real Estate

How Much Do You Know About Your Credit Score?

RisMedia - November 27, 2017 - 3:00pm

While your credit score affects everything from your ability to buy a car or a home to how much interest you will pay on the loan, many people don’t know how these scores are calculated or what impacts them positively or negatively.

Moreover, says the Credit Federation of America (CFA), more than 25 percent of respondents in a recent survey did not know that a low credit score could increase the cost of a car loan by $5,000. More than half didn’t realize that utility companies, cellphone companies, and even insurers sometimes check credit scores before issuing services—or that multiple inquiries in a short time, as when you are shopping for a loan, are treated as one inquiry in order to minimize the impact on your score.

The CFA provides more about credit scores that every consumer should know:

All your credit scores are not the same. Most people assume their credit score is a single three-digit number, but each of the three major credit bureaus (Experian, Equifax, and TransUnion) scores you differently, since they don’t necessarily have the exact same data in their files.

Closing old accounts will not necessarily boost your scores. Closing old or inactive accounts may inadvertently lower your credit score because now your credit history appears shorter. If you want to simplify, close newer credit accounts first, or put the cards away so you don’t use them, but your credit history stays intact.

Paying off a bad debt will not erase it from your score. Once a debt goes to collection, or you’ve established a history of late payments, you will deal with the consequences even if you pay off what you owe. It will show as paid, but it is not erased. Also, while your score will get a boost if you pay off an old debt, it may not be by as much as you think. The best way to increase your scores and keep them high is to make payments on time every month over the long haul.

Co-signing for a loan impacts your scores. When you co-sign for someone else’s loan, you are responsible for the debt—and if the person your co-signed for does not pay, your credit score will be impacted.

For the latest real estate news and trends, bookmark RISMedia.com.

The post How Much Do You Know About Your Credit Score? appeared first on RISMedia.

Categories: Real Estate

More Boomers Seek No-Fuss Apartment Life

NAR Daily News Magazine - November 27, 2017 - 12:00am

Between 2009 and 2015, the number of renters ages 55 and older jumped 28 percent, while renters ages 34 and younger only increased 3 percent,...

Categories: Real Estate

4 Renovations That Grab Buyers’ Attention

NAR Daily News Magazine - November 27, 2017 - 12:00am

Among the home improvement projects your clients are most likely to value are those that increase storage space and preserve vintage details.

Categories: Real Estate

Cities With Highest Spikes in Homeownership

NAR Daily News Magazine - November 27, 2017 - 12:00am

Metros in the Rust Belt, as well as smaller cities near bigger and more expensive urban areas, are seeing their homeownership rates expand rapidly...

Categories: Real Estate