NAR: Investor Purchases Increased, Advises Limitin

NAR: Investor Purchases Increased, Advises Limitin
For 2011, investment purchases increased significantly, according to data from the National Association of Realtors (NAR), and with more individual investors absorbing REO properties, the organization also thinks it is time to limit bulk REO sales to large institutions.

Investment-home sales increased 64.5 percent to 1.23 million compared to 749,000 in 2010, according to NAR’s 2012 Investment and Vacation Home Buyers Survey, which covers existing- and new-home transactions in 2011.

Spurring Spring Sales

Spurring Spring Sales
Look at the Video that we just create and listen to how the market is going for Buyers and Sellers. "Like our video"

February Existing-Home Sales Slip But Up Strongly

February Existing-Home Sales Slip But Up Strongly
February Existing-Home Sales Slip But Up Strongly From a Year Ago Washington, March 21, 2012February existing-home ...

Ban on Private Transfer Fee a Big Win for Buyers

Ban on Private Transfer Fee a Big Win for Buyers

Daily Real Estate News |      Friday, March 16, 2012  

Efforts by NAR and others to curtail private transfer fees got a big boost yesterday with publication of a final rule by the Federal Housing Finance Agency (FHFA) prohibiting the fees on mortgages handled by Fannie Mae, Freddie Mac, and the Federal Home Loan Banks. FHA already bans the fees.
The fees are encumbrances placed on mortgages by the property developer to generate fees every time the property is sold. The fees range in amounts, but in some cases they’re as high as 1 percent of the mortgage amount and are often in effect for as long as 99 years.

New-home prices rise, but sales slip

New-home prices rise, but sales slip

By Reuters

Sales of new homes fell in February, but a jump in prices to their highest level in eight months kept hopes alive of a recovery in the housing market.

The Commerce Department said on Friday sales slipped 1.6 percent to a seasonally adjusted rate of 313,000 units. January's sales pace was revised down to 318,000 units from the previously reported 321,000 units.

Sales for November and December were revised up a bit.

click on link above to read more:

30-Year Mortgage Rates Edge Above 4%

30-Year Mortgage Rates Edge Above 4%

Daily Real Estate News | Friday, March 23, 2012

Mortgage rates moved up quite a bit this week, following higher bond yields and improving economic data, Freddie Mac reports in its weekly mortgage market survey.
The 30-year mortgage rate, the most popular choice of home buyers, took a big leap upward, after hovering below 4
percent and sitting at all-time record lows for weeks.
Here’s a closer look at rates for the week ending March 22:

FHA INCREASES FEES

What does this mean for you, watch this video:
FHA INCREASES FEES

THE HOUSING RECOVERY IS HAPPENING NOW!

THE HOUSING RECOVERY IS HAPPENING NOW!
HARRIS REAL ESTATE UNIVERSITY ALERT: THE HOUSING RECOVERY IS HAPPENING NOW!
We are sticking with our prediction that 2012 will be the best real estate market in the last 5 years….and that housing has hit bottom!
The housing recovery is clearly here.. the recovery will be slow and (mostly) steady. Home by home, street by street…neighborhood by neighborhood. Expect the clearly and full recovery process to take 3-5 years.

Real Estate Owned (REO)/HUD-VA Foreclosure

(UNDERSTANDING REO PROPERTIES)
 Do you want to know more about foreclosures?

Real Estate Owned (REO)/HUD-VA Foreclosure
(Bank & Government Owned Properties) What is a REO property?

Real Estate Owned (REO)/HUD-VA Foreclosure

Average rate on 30-year mortgage down to 3.90.

Average rate on 30-year mortgage down to 3.90.

Homebuilder Confidence Increases to Highest Level Since 2007

Need answers on new construction just drop us a email or give us a call with your questions and we will be happy to answer them. Talk to you soon
The recent housing market news shows that construction spending is up, and lending should shortly follow—a good sign for potential home buyers.
,http://rpace.ziprealtynews.com/c/147116/1402505a4942/352f010402/fd7c575c0e/e5c555

SALT LAKE TRIBUNE SPRING HOME & GARDEN FESTIVAL - MARCH 8 - 11

The only place to find fresh ideas and smart advice for
gardening, home improvement, decorating & more!

 Visit the link to get your tickets: http://saltlakehomeshow.com/SLHGF/EventsHome.aspx

January Pending Home Sales Rise, Market on Uptrend

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