Holiday Safety Tips.
December 10, 2021
It’s the holidays! Time to decorate our homes to welcome family and friends. For some it’s time pack up the kids and head cross county to see family or find a nice quiet spot on a sunny beach. However you choose to spend the holidays it’s important to be safe while also having fun....
HELP YOUR CLIENT CLEAN UP THEIR CREDIT
December 10, 2021
How Realtors can help their Clients clean up their Credit.Help them find someone who can provide a full mortgage analysis and can educate their client about utilization, ratios and payment histories.Explain ...
HUD Gives Early Chance to Owner-Occupant Buyers
December 10, 2021
The Federal Housing Administration doubled its exclusive listing period on certain HUD single-family and real estate-owned homes that will give owner-occupant buyers more time to bid on the properties ahead of investor competition. HUD-approved nonprofit organizations and government entities also will be able to submit bids to purchase the homes before they’re eligible to buy from investors.The ...
Tips For The First Time Homeowner
December 09, 2021
Congratulations to the new homeowner, as you take possession of your new home there are items you should look into for safety and to familiarize yourself.It is a good idea to change the locks on all the doors, to safe guard against extra keys floating around to your home. You may contact a local lock smith or do ...
Why Waiting to Buy a Home Might Be the Wrong Decision
December 09, 2021
Many buyers have decided to wait until next year to buy a home, hoping that the real estate market will be better for their purchase. Before making that decision, it's important to ask yourself where home price and interest rates will be next year. The major housing industry entities are projecting that prices will appreciate another ...
Mortgage rates move slowly despite tightening market
December 09, 2021
Mortgage rates decreased one basis point to 3.10% in the week ending Dec. 9, remaining low and stable despite tighter housing supply and affordability, according to the latest Freddie Mac PMMS mortgage report.A year ago at this time, the average 30-year fixed-rate loan averaged just 2.71%, according to the report published on Thursday.Sam Khater, Freddie ...
Building Gender Awareness in Real Estate
December 08, 2021
Working with people across the gender identity spectrum isn’t just about being inclusive, it’s smart business.....That’s the takeaway Lisa Kenney, CEO of Reimagine Gender, wants to impart to real estate professionals to help them better serve their clients. Kenney, who presented during the “Reimagining Gender: Are REALTORS® Ready to Navigate this New Reality?” ...
Market Trends
December 07, 2021
https://sites.academymortgage.com/landingpage/?domain=sites.academymortgage.com&slug=markettracker&userId=96qIP ...
Inflation and the Housing Market
December 07, 2021
What does Inflation mean to homebuyers and sellers?Assuming they have a down payment, the mortgage payment will be a main determinant of what they can afford, Mortgage rates tend to move in tandem with inflation, so mortgage rates will riseFor home sellers, the current tight market can be a good time to reap a profit—provided that ...
Treasury wants more oversight of all-cash real estate deals
December 06, 2021
WASHINGTON -- The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors' use of the U.S. market to launder money made through illicit activity. The Treasury Department was posting notice Monday seeking public comment for a potential regulation that would address what it says is a vulnerability ...
11 Things Before Putting Your Home on the Market
December 03, 2021
11 Things Before Putting Your Home on the MarketNot sure how to get your house ready to sell? Fortunately, there are steps you can take before putting your home on the market to increase your chances of receiving a solid offer from a buyer. From cleaning and staging to repainting and depersonalizing, here are 11 things to do before ...
Improving marketability
December 02, 2021
What are the modest repairs you can do to improve marketability?Start with a fresh coat of paint, keep the colors neutral and concentrate on mainstream colors. If your flooring is of the mix and match variety, try to get some consistency. Either carpet all rooms or use tile or hardwood. a home where every ...
Will Home Prices and Rents Finally Fall? Our Bold Predictions on What’ll Happen in Real Estate, 2022
December 01, 2021
Here’s what we already know: Since the COVID-19 pandemic began, the real estate market has been on a wild ride of unprecedented highs and lows—record-high home prices on one side, record-low mortgage rates and available homes for sale on the other. It’s been a time of overwhelming stress for many, gigantic profits for some, and great ...
Will Home Prices and Rents Finally Fall? Our Bold Predictions on What’ll Happen in Real Estate, 2022
December 01, 2021
Here’s what we already know: Since the COVID-19 pandemic began, the real estate market has been on a wild ride of unprecedented highs and lows—record-high home prices on one side, record-low mortgage rates and available homes for sale on the other. It’s been a time of overwhelming stress for many, gigantic profits for some, and great ...
Creating Curb Appeal
December 01, 2021
Someone said, “a stunning first impression was not the same thing as love at first sight. But surely it was an invitation to consider the matter.” This could not be truer than in selling a home. First impressions matter. Sometimes they are everything.Nothing sets the tone of a relationship or transaction more than first impressions. So, ...
HUD AWARDS $10 MILLION TO BOOST SELF-HELP HOMEOWNERSHIP HOUSING OPPORTUNITIES
November 29, 2021
HUD AWARDS $10 MILLION TO BOOST SELF-HELP HOMEOWNERSHIP HOUSING OPPORTUNITIESWASHINGTON – The U.S. Department of Housing and Urban Development (HUD) today announced the awarding of $10 million in Self-Help Homeownership Opportunity Program (SHOP) grants.The funds awarded will support three national and regional organizations in facilitating innovative homeownership opportunities to communities, especially low-income communities, through the provision ...
Is the housing market cooling off?
November 25, 2021
The COVID-19 housing market underpinned by remote work, pandemic-induced low mortgage rates, and a demographic wave of first-time homebuyers has been among the hottest in the nation's history. Since the onset of the crisis, median home list prices are up 23%. Recently, some of that exuberance has finally left the market. Indeed, since bottoming out this ...
Auto Notification for HUD Properties
November 22, 2021
If for some reason, a property is no longer available when you search HUDHOMESTORE, there is a way to be notified if and when it comes back to market This property may have an accepted contract or it may have been removed a title related matter or another reason. You can be notified via email direct from HUD if ...
Retirement and Changing Housing Needs
November 17, 2021
Since the pandemic, many people have retired earlier than they expected. If you are recently retired, your current home may not fit your new lifestyle. The good news is that in this market, you have probably built up significant equity that can help you purchase your next home. Whether your goal after retirement is to move ...
NAR & DOJ
November 16, 2021
The National Association of REALTORS® (NAR) filed a response to the DOJ in federal court. Their statement is as follows: The Department of Justice’s (DOJ) withdrawal from a fully binding and executed agreement goes against public policy standards and consumer interests. NAR is moving forward on the pro-consumer measures in the agreement and remains committed ...
3 Definitive Reasons Homes For Heroes is the Authority VA First Time Home Buyer Program.
November 15, 2021
AN OVERVIEW OF HOMES FOR HEROESHomes for Heroes is a service provider program, vetted and approved. It was established to give back to not only military (active, reserves, and veterans), but also firefighters, EMS, law enforcement, healthcare professionals, and teachers. The 2 minute Youtube explainer video above give a basic overview.Being a U.S Navy Veteran myself, I ...
Sellers: What to Do When You Can't Find a Home Before Yours Sells
November 15, 2021
https://www.hgtv.com/lifestyle/real-estate/staging-tips-for-selling-during-the-holidayst’s the time of year that calendars are packed with holiday parties, budgets are strained by gift-giving and the roads are covered in freshly fallen snow. Alas, 'tis not the season for real estate. But the good news is that the few brave house-hunters who do venture out are serious about buying a house and ...
Case Study: Receivership and Probate Services
November 15, 2021
Case Study: Receivership and Probate ServicesClient: Nationwide BankThe ChallengeWhen a condo building in Chicago failed and the Association ran out of money, Parkvue Realty was retained to stabilize the defunct property that was in transition. The building was converted into condos from apartments and the majority of buyers were investors. Therefore, the building was largely tenant occupied. There was ...
Tips For Inspecting Your Fireplace
November 15, 2021
Preparing your house for winter may not be on the top of your to-do list right now. After all, most of us wouldn’t rather spend their down time doing home maintenance tasks when they could be enjoying the fall foliage, or sipping pumpkin-spiced lattes instead of winterizing their house. But, here’s the reality: you can’t ...
More Homes For Sale - Inventory Growing
November 15, 2021
The number of homes available for sale is slowly rising. “After almost a year of declining inventory, Iowa has seen seven months straight with a gradual increase of homes on the market,” according to the Iowa Association of Realtors.While we are still in a Seller’s Market, the frenzy and multiple offer scenario has moderated, making ...
