Browsing Posts In: Real Estate News

September 26, 2011 Posted by: scott

Composite FICO scores among FHA mortgage endorsements have begun to ease from peak levels in the early part of 2011. The average purchase FICO is down to 697 from 703 while the average refinance FICO is down to 695 from 707. FICO scores for both loan types remain nearer to their peaks than their typical […]

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Posted by: scott

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights housing starts and new home sales. New home sales, which measure contract signings and not closings, fell modestly in August.  There were 295,000 units that went under contract during […]

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Posted by: scott

In a recent research paper in the Journal of Real Estate Finance and Economics, three researchers examined whether women on average pay more for mortgages than men. The analysis found that the disparity in the rates charged to men and women cannot only be explained by the traditional measures, such as mortgage features, borrower characteristics, […]

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September 23, 2011 Posted by: scott

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update highlights the FOMC’s Wednesday announcement of “Operation Twist”. No data releases are out today, but this gives us a chance to look at the market reaction to the FOMC’s announcement […]

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Posted by: scott

From a parent’s point of view, teenagers never listen. From a teenager’s point of view, parents are not cool and are plainly immature.  There is as nothing as exhilarating as living the fast times at Ridgemont High and taking a slack-day off like Ferris Bueller. Being Mean Girls for a few years can also be […]

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Posted by: scott

Members were asked in the 2011 Member Profile about transactions they had and whether they sold their own listing, another’s listing, or someone sold their listing. Among all members (residential and commercial) the typical member sold 1 of their own listings, 2 of their listings were sold by someone else, and they sold 4 of […]

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September 22, 2011 Posted by: scott

After blowout budget deficits, it is understandable that some people want to reduce the role of government.  However, now is not the time to reduce the limit on government-backed mortgages, which is a decision set to take place at the end of this month.  A recovery in housing is the key to broader economic recovery.  […]

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Posted by: scott

Each day the Research staff takes a look at recently released economic indicators, addressing what these indicators mean for REALTORS® and their clients. Today’s update discusses jobless claims and the FHFA House Price Index. Today’s report on jobless claims is mixed. While the new claims are down 9,000 for the last week, last week’s 4,000 […]

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Posted by: scott

The August 2011 Realtors® Confidence Index survey reports that housing market indicators were basically unchanged in August: Distressed property sales continued in the low 30 percent range, moving from 29 percent of residential sales in July to 31 percent in August. The percentage of homes on the market for six months or more fell from […]

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September 21, 2011 Posted by: scott

Between 2007 and 2011, there were almost 3 million more doubled-up households. According to David Johnson and the Census Bureau data, the number and share of doubled-up households and adults sharing households across the country increased over the course of the recession. The “doubled-up” households are defined as those that include at least one “additional” […]

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