failure to close
admin | December 5, 2007
Mortgage Brokers fail to close 1/3 of their purchase loans for the month of August.
Increasing Foreclosures
admin | September 4, 2007
In July the amount of foreclosure fillings were up 93 percent compared to July 2006, and 9 percent from just the previous month.
Home sales up, but prices down
admin | June 5, 2007
The Commerce Department reported sales where up in April for new single-family homes, but that the median price fell due to builders slashing their prices in an effort to sell their overstock in inventory.
Understanding Local Real Estate Markets
admin | April 30, 2007
Our real estate industry consists of many small markets on a local level. Due to the recent boom we experienced across the nation, many people have started to believe that all these market are a single entity. This couldn’t be further from the truth. Individual market places, although are effected by national and global factors, are in them selves separate markets. All of which are effected more so by local events then by things on a larger scale. That fact that some markets are experiencing a slow down, doesn’t mean that every market is. In fact, within a city you’ll find individual neighborhoods that may be experiencing their own boom and others that are simply just over saturated. This article explains what factors can effect the various market places.