Real estate news

• Pending Home Sales Slip, Trampled by West

  27-09-2018 22:18
  For the housing market, gaining ground is proving to be a struggle.
  On an annual basis—and for the eighth month in a row—pending home sales slipped, according to the August National Association of REALTORS® (NAR) Pending Home Sales Index (PHSI). Activity backtracked 1.8 percent month-over-month and 2.3 percent year-over-year.
  According to the Index, activity contracted in all of the regions in the U.S. In the Midwest, activity declined 0.5 percent from July, and 1.1 percent
  
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• Working Together for the Greater Good

  27-09-2018 22:15
  In the following interview, Navid Ali, regional director and broker/owner of Realty ONE Group BMC Associates in San Ramon, Calif., discusses the advantages of the brand, the firm’s growth, and more.
  Region Served: San Francisco’s East Bay and Central CaliforniaYears in Real Estate: 25+Number of Offices: 6, with 3 scheduled to open in Q4Number of Agents: 351+Best Tip for Dealing With Difficult Clients:Stay focused on the finish line.Most Effective Way to Motivate Agents:Laugh with the
  
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• Berkshire Hathaway HomeServices: Marketing Is a Digital Reimagining of an Enduring Brand

  27-09-2018 22:08
  During a 2013 interview held in Omaha, Neb., Warren Buffett, chairman and CEO of Berkshire Hathaway Inc., said the eponymous real estate brand would prosper for years to come.
  “Berkshire Hathaway wants to be in businesses that are enduring,” he explained. “Real estate brokerages will be around 100 years from now and [Berkshire Hathaway] HomeServices will be around 100 years from now. It will always be a very important business.”
  At the time, Berkshire Hathaway HomeService
  
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• Mortgage Rates at Record Not Seen Since Spring 2011

  27-09-2018 21:59
  The average 30-year, fixed mortgage rate rocketed to 4.72 percent this week, at a record not seen since spring 2011, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage rate rose to 4.16 percent, while the average five-year, Treasury-indexed hybrid adjustable mortgage rate shot to 3.97 percent. Last week, the rates were 4.65 percent, 4.16 percent and 3.92 percent, respectively.
  The cause of the jump? According to the Case-S
  
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• The Defining Financial Question of Millennials: Do You Want to Live Comfortably Now, or in the Future?

  27-09-2018 21:53
  (TNS)—Millennials are faced with the internal conflict almost every day: live comfortably now, or later?
  Thanks to $1.5 trillion in student loan debt, rapidly increasing healthcare costs and high living costs, scraping by now often can be prioritized over worrying about retiring on a beach later.
  Regardless, millennials are doing a good job at prioritizing retirement savings more than other generations—but most, including millennials themselves, believe their efforts still won’
  
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• Plaza Home Mortgage realigns from the top down

  27-09-2018 16:46
  
  Plaza Home Mortgage, a full-service national lender that offers wholesale, correspondent, renovation, and reverse mortgages, recently announced significant changes to leadership structure and executive responsibilities at the company. Notably, the company has named Jeff Leinan as executive vice president. But, there's more.
  
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• Why Were Fewer Contracts Signed in August?

  27-09-2018 07:00
  
  Pending home sales continued to fall last month, marking the eighth consecutive month for annual decreases.
  
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• Eroding Affordability Puts Damper on New-Home Sales

  27-09-2018 07:00
  
  Though newly built single-family homes eked out an increase in August, it wasn’t enough to impress economists or make up for big shortfalls in housing.
  
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• ‘Era of Super-Low Mortgage Rates Is Over’

  27-09-2018 07:00
  
  The real estate market is bracing for the fallout after the Federal Reserve raised its benchmark interest rate Wednesday by a quarter of a point.
  
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• Bill Aims to Help More People Break Into Homeownership

  27-09-2018 07:00
  
  Congress is weighing the American Housing and Economic Mobility Act of 2018, which seeks to add more affordable housing inventory.
  
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