What’s Going On WIth Brokerage Profitability?
With national gross margin, average commission rates and agent productivity declining, what is going on in real estate? There’s been a lot of discussion about the decline of profitability in brokerage firms over the past 5-10 years. We know that the average commission rate has dropped about 20 basis points in the last five years.. Read More
First-time Buyers Stifled by Low Supply, Affordability: 2017 Buyer and Seller Survey
Despite solid interest in buying a home – sparked by steady job gains, record low mortgage rates and higher rents – the severe drought in housing supply in much of the country over the past year accelerated price growth and kept many first-time buyers out of the market. This is according to the National Association.. Read More
Colorado Springs the Top Market for Homebuyers Likely to Move in Q3 2017 According to ATTOM Data Solutions Pre-Mover Index
Other Hot Pre-Mover Markets Include Chicago, DC, Reno, Tampa, Jacksonville, Charleston; Top Investor Pre-Mover Markets Include Counties in Memphis, Kansas City, Birmingham ATTOM Data Solutions, curator of the nation’s largest multi-sourced property database, today released its Q2 2017 Pre-Mover Housing Index, which shows that the markets with the highest pre-mover indices during the second quarter.. Read More
Salary needed to buy a home in the GTA: 2017
Back in the early 90’s, the song “If I had a million dollars” hit the airwaves. In the four-minute single, musician Steven Page lists out the ways he’d splurge all that money to win over his sweetheart – from buying a house, car, outdoor fort and even a pet llama. Fast forward to today and.. Read More
Fed’s Powell says current US housing finance system ‘unsustainable’
The US housing finance system is putting taxpayers at risk, in a market dominated by government-backed agencies, according to Federal Reserve Governor Jerome Powell. systemic risk in housing remains given the concentration of mortgages in the duopoly of Fannie Mae and Freddie Mac, he said. The U.S. housing finance system continues to put taxpayers at.. Read More
Latest Mortgage Scam: Owners Pose as Renters
A new mortgage fraud scheme is taking a reverse approach to traditional occupancy scams. In the past, prospective investors have claimed they intend to take owner occupancy. Then, they are able to qualify for a better interest rate, lower fees, a smaller down payment, or higher loan amount than if they applied for a mortgage.. Read More
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