The housing market is on the path to recovery and it is important that housing professionals understand what drives demand in the market and how to aid the market to its full recovery. In order to prevent the housing bubble from bursting again, it is essential to understand the thought process of the American home buyer. A recent study determined the price of a home and mortgages rates are not the most vital factors when considering to purchase a home, but rather the confidence of the buyer in the assurance the home will be a sound investment, is the most significant factor. To gain an understanding of why buyer confidence is essential, we must first look into the thought of individuals through the home buying process.
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Daily Archives: June 5, 2014
The Technology Take Over in Real Estate
REOMAC’s Annual Education Summit and Expo returns this March 23rd through 25th at the JW Marriott in Palm Desert. This conference is a great opportunity to update your skills, connect with other industry professionals, and gain first-hand knowledge from economists, the Department of Treasury and others on the state of the economy and the default industry.
REOMAC 2014
REOMAC’s Annual Education Summit and Expo returns this March 23rd through 25th at the JW Marriott in Palm Desert. This conference is a great opportunity to update your skills, connect with other industry professionals, and gain first-hand knowledge from economists, the Department of Treasury and others on the state of the economy and the default industry.
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Wells Fargo’s New Lending Rules
Wells Fargo is hoping to resume business within the subprime mortgage market by loosening credit requirements. The market overall may shift towards subprime lending as a result of the largest mortgage lender in the U.S. lessening the standards by which they judge the credit scores of borrowers.
Wells Fargo's New Lending Rules
Wells Fargo is hoping to resume business within the subprime mortgage market by loosening credit requirements. The market overall may shift towards subprime lending as a result of the largest mortgage lender in the U.S. lessening the standards by which they judge the credit scores of borrowers.
The Best and Worst Markets for Taxes
Homeowners experience the burden on housing markets directly, and as a result realtors must understand these markets and their impacts. Currently homeowners experiencing the heaviest overall tax burden paid seven times more of a percentage of their income than those with the lowest overall tax burden.
In order to determine the best and worst housing markets for taxes, information was gathered from estimated property taxes, sales taxes, and state income taxes through The Office of Revenue Analysis. The standard for the lowest and highest household income is based on the average family comprised of three members. The low end of the spectrum is at $25,000 with the high being $150,000.
NWBC Annual Report
The National Women’s Business Council strives to place the foundation for policy changes that will economically progress women business owners. Women-owned businesses are the fastest growing sector within small businesses.
The National Women’s Business Council released its annual report on issues in the economy that impact women business owners. As a non-partisan federal advisory council, the NWBC utilizes the report, which covers four main points, to give policy recommendations to the White House, Congress and the U.S. Small Business Administration. The topics dispatched are access to capital, access to markets, data collection, job creation and growth.
Irresistible Tips for Selling a Home
The goal is to provide the buyer with the most value when compared to similar homes for sale so that they will want to purchase yours. Visit open houses and arrange to preview the other listings in your neighborhood so you know what you are competing against. Is your home upgraded or over-upgraded? How do the other homes show? Make sure your house shows the best so you get the offer. Buyers will pay a little more for a house that is “turn-key.” By being aware of the other homes in the neighborhood, you know how to put your best foot forward.
By: Terry Haas
The Roaring Twenty Winners!
NAWRB is proud to announce our 2014 annual award winners highlighting outstanding women in the housing economy.
Announcing the 2014 Roaring Twenty Award Winners
NAWRB is proud to announce our 2014 annual award winners highlighting outstanding women in the housing economy. This year we feature eleven extraordinary women in the featured categories, and for the first year we have co-winners as both nominee’s contributions to their community were immeasurable.
Why Investing in Real Estate is a Good Idea this Winter
Go forth and invest. Buy or work on residential and commercial properties during the winter months. It is a fresh, new year and the slow quarter can be very prosperous if you strike at the right opportunities.
Winter real estate shopping can be an unwanted hassle for clients or buyers. A move in the middle of the school year can feel unwise, especially with the rush of the holidays having left families in a scramble to start the new year off financially fit. However, for investors and realtors, real estate buying is ripe and thriving in the winter. There are a few reasons why residential and commercial rental properties should be invested in the colder months. Firstly, due to the busy nature of the first few months of the new year, most buyers are focusing on work and catching up after the holidays instead of ruminating on whether or not they should purchase any property. This is a good business opportunity for investors and entrepreneurs to take advantage of in lieu of fighting the buyer crowds during the warmer months. A key factor that should be taken into consideration while making this decision is location. Those investors and realtors in normally warmer climates will not experience as much of a decrease in activity in the housing market. Make sure to check into the interest, trends and pricing for your local market before embarking on a real estate investment.