Inventory keeps contracting as higher rates deter sellers: Redfin

Inventory keeps contracting as higher rates deter sellers: redfin eddie Church Contents Fha insured loans defaulting Market correction. $100k properties Real estate investing Committee page 2 Those notice of defaults are.

Asset prices and interest rates are negatively correlated when interest rates decline as well as increase. Higher interest rates –> lower asset prices. The 30 year mortgage rate is 4.88% now, it will be closer to 5.5-5.75% by next year’s home shopping season if the Fed continues on this path. Look out below!

By Donna Fuscaldo The days of record-low interest rates and bidding wars may be a thing of the past in the new year. "For 2014, we expect that affordability will be worse," says Jed Kolko, chief economist at real estate website trulia.experts say homebuyers and sellers should brace themselves for higher mortgage rates and increased inventory in the new year along with looser mortgage lending.

People on the move: July 21 Consumers expecting lower mortgage rates less optimistic about buying Home prices in 20 U.S. cities increase by most since 2014 Home Prices in 20 U.S. Cities Climb by Most Since July 2014 (Bloomberg) – Home prices in 20 U.S. cities increased in November by the most in more than three years, underscoring a lingering scarcity of housing inventory, according to S&P CoreLogic Case-Shiller data released tuesday.consumers expecting lower mortgage rates less optimistic about buying. Consumer expectations of further mortgage rate drops leaves them seemingly in no rush to enter the purchase market which could be why their optimism on home buying is falling, a Fannie Mae report said.The Houston Business Journal features local business news about Houston. We also provide tools to help businesses grow, network and hire. People on the Move – Houston Business Journal

Some who had locked in ultra-low fixed mortgage rates may be reluctant to take on a new loan at a higher. Its inventory was up 6.5 percent in the first quarter. Yet it was still down 61 percent.

An adjustable-rate mortgage (ARM) is typically a mortgage that starts out as a lower rate than fixed interest rates but then is adjusted each year typically resulting in a rate higher than a fixed rate. A 5-1 ARM is a popular mortgage offered by lenders, which is a hybrid between fixed and adjustable rate.

Foundation with ties to Barney Frank backs Hope LoanPort expansion Condo -service CoreLogic data option service adds. – Foundation with ties to Barney Frank backs Hope LoanPort expansion ST. PAUL – Alaska gov. sarah palin, the republican vice-presidential nominee who revealed Monday that her 17-year-old daughter is pregnant, earlier this year used her line-item veto to slash funding.Top-heavy housing market is crowding out the little guysHousing market remains sluggish in Canada despite March rebound #TopProducers18 call for nominations Real Estate CRM Software – Top Producer Systems – What Is A Real Estate CRM? For the real estate professional, Client Relationship Management (or CRM) is how you manage your interactions with three key client types – prospects, current clients and past clients.. top producer CRM is designed specifically to help you capture and convert prospects, guide current clients to closing and maximize repeat and referral business to turn more.During calendar year 2018, the manufactured housing. Canada, orders were down 25% during the March quarter, as we saw a softening in British Columbia market along with Alberta and Saskatchewan. We.

 · Redfin says Tacoma is the nation’s hottest housing market. The report cites Seattle’s continued high real estate prices for the not-so-sudden popularity. It also points to the area’s tight.

9 Things Real Estate Agents Don’t Want You to Know. So you’re signing your contract with a seller’s agent tomorrow, and your neighbor’s friend or cousin’s boss has already taken a look at the.

Don’t just take their word for it. There are plenty of websites that offer up free home price projections, including the usual suspects like Zillow and Redfin, along with state Realtor groups, NAR, and private companies like CoreLogic and First American. Pay attention to the news, but also keep an eye on comparable sales in your neighborhood.

Sales of existing homes unexpectedly fell in January The estimate of new houses for sale at the end of January was 301,000, representing 6.1 months of supply at the current sales rate. Last Wednesday, the National Association of Realtors released a separate report unexpectedly showing a significant decrease in existing home sales in January.Drop in housing starts shows industry may weigh on growth PrimeLending adds joint venture with Dallas homebuilder DALLAS, Dec 14, 2017 (BUSINESS WIRE) — PrimeLending is pleased to announce a new affiliated business arrangement with local home builder, Grand Homes, Inc. As a result of this affiliation, new.Three straight months of declines in new-home Construction show U.S. homebuilding may weigh on second-quarter growth, Commerce Department data showed Friday. Highlights from housing starts (May) Residential starts decreased 5.5% to a 1.09m annualized rate (est. 1.22m), the weakest since September