A comprehensive analysis of the market, with over 10,000 reports from Realtors across North America.
Along with many other housing indicators this past month, the National Association of Realtors' Pending Home Sales Index has shown a decline for November.
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The credit crunch and tough times in the mortgage market are creating new profit opportunities in a highly-specialized real estate investment niche: Buying seller "carryback" mortgage notes.
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Ann Arbor, Michigan's market has begun the swing toward normalcy as foreclosures are driving up pending sales statistics, according to the Ann Arbor Area Board of Realtors. Sales have continued to drop, but pendings (the houses that have contracts, but not yet settled) have surpassed year over year numbers for the last five months.
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At the start of a new year a lot of us get motivated to give our homes a good cleaning. It's a way to clear the physical and mental clutter and, if you're selling your home, it's a must-do to help attract buyers.
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If you've been frustrated with leads from different resources, internet and otherwise, and throw them to the side when there's any information missing, it may be time to re-evaluate your methods.
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Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.6 point for the week ending January 8, 2009, down from last week when it averaged 5.10 percent. Last year at this time, the 30-year FRM averaged 5.87 percent. The 30-year FRM has not been lower since Freddie Mac started the Primary Mortgage Market Survey in 1971.
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If you need a large home loan of up to $729,750, move fast and look hard. Loan limits are getting squeezed on jumbo loans with eased underwriting standards and that could shrink the size of the mortgage your lender will approve for you.
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Real estate agents, brokers, and managers could all profit from reading Malcolm Gladwell's latest book, Outliers. Gladwell, the author of Blink and Tipping Point, has subtitled this work, "The Story of Success", and what he has to say about the topic both shatters some old myths and provides us with a better understanding of how success comes about.
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