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Real Estate Information Archive


Applications for New Home Purchases Decreased in November

The recently released Mortgage Bankers Association (MBA) Builder Application Survey (BAS) for November 2014 shows mortgage applications for new home purchases decreased by 22 percent relative to the previous month. This change does not include any adjustment for typical seasonal patterns. ...


Mortgage Rates Inch Up Slightly

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates slightly up from the last week, but with the average 30-year fixed-rate mortgage remaining below four percent. ...


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Striving for Excellence

For many booming real estate businesses, a winning company culture is the heart of their success. In the following interview, Wes Flacker the Broker/Owner of CENTURY 21 Magellan Realty in Boise, Idaho, talks about creating a culture people want to work in, effective client retention, customer loyalty, and more. ...


Better Homes and Gardens Real Estate Community Realty Strengthens Pennsylvania Presence

Better Homes and Gardens® Real Estate just announced the addition of Community Realty to its franchise network. At the helm of the newly formed brokerage are co-owners John Colarusso, Phoenixville entrepreneur, and leading Phoenixville real estate sales professional, Jennifer Daywalt. Better Homes and Gardens Real Estate Community Realty will serve ...


30-Year Fixed Mortgage Rate Remains Firmly Below 4 Percent

The 30-year fixed mortgage rate on Zillow(R) Mortgages is currently 3.75 percent, down one basis point from this time last week. The 30-year fixed mortgage hovered around 3.80 percent last week, peaking at 3.88 percent on Monday before returning to the current rate. ...


Constrained Inventory and Hot Markets: New York City Real Estate In 2015

Regional Spotlight—While constrained inventory and high demand in Manhattan will carry over from 2014, StreetEasy predicts Manhattan condo sales prices will increase at a considerably slower pace and the outer boroughs will offer the most inventory options for New York City buyers in 2015. For renters, however, Brooklyn will become ...


Households Show Willingness to Take on Most Forms of Debt

Data released by the Federal Reserve Board indicates that consumer credit outstanding increased over the month of October 2014. The data released by the Federal Reserve Board covers most short- and intermediate-term credit extended to individuals, excluding loans secured by real ...


Identified: Top Metro Areas Poised for Uptick in Baby Boomer Home Sales

Metro areas with a lower cost of living and sunnier weather are poised to see an increased number of baby boomers moving in and buying a home as some delay retirement and remain participants in the labor market, according to ...


Passing the Gavel: A New Year of Industry Issues

Editor’s Note: The Power Broker Roundtable is brought to you by the National Association of Realtors® and Steve A. Brown, NAR’s Liaison for Large Residential Firms Relations. Watch for this column each month, where we address broker issues, concerns and milestones. ...


Better Homes and Gardens Real Estate Introduces Friendliest Search in Real Estate

Better Homes and Gardens® Real Estate has revolutionized real estate search by delivering the most comprehensive lifestyle and community data-based search and sort experience fully integrated within the property search of a national website. Additionally, it has transformed the way its network will be able to compete on the Internet ...


Zillow CEO, Chief Economist to Publish First Book, ‘Zillow Talk: The New Rules of Real Estate’

The first book by Zillow® CEO Spencer Rascoff and Chief Economist Stan Humphries, “Zillow Talk: The New Rules of Real Estate” will be published Jan. 27, 2015 by Grand Central Publishing, the company has announced. ...


Realogy Appoints Sherry M. Smith to Its Board of Directors

Realogy Holdings Corp. (NYSE: RLGY), a global leader in real estate franchising and provider of real estate brokerage, relocation and settlement services, has announced the appointment of Sherry M. Smithto its Board of Directors and a member of its Audit Committee. The Board also designated Smith as an "audit committee ...


Patterson-Schwartz Named Top Workplace in 2014

For the 6th year in a row, Patterson-Schwartz Real Estate was named one of Delaware’s top workplaces based on the latest workplace survey conducted by WorkplaceDynamics LLC. ...


Research Shows Many U.S. Renters Still Dream of Homeownership

The majority of U.S. renters are struggling financially and plan to remain renters for the next three years, according to recent Freddie Mac survey data. However, the recent financial crisis did not tarnish renters' dreams of homeownership with 91 percent of them viewing homeownership as something of which to be ...


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