Interesting Numbers: Housing Prices: The average price of a single family home in the United States peaked in March 2007, bottomed in May 2011, and then rose back above it's March 2007 average high price in November 2015 where it stayed through July 2016. From its May 2011 low, home prices are up ... » Learn More about Interesting Real Estate and Other Numbers
real estate market
Home Equity – Timing’s Everything
According to the latest National Association of Realtors statistics, there's been substantial equity earned by home owners, except by buyers that purchased during the peak of the real estate bubble 8-10 years ago. That said, they're looking substantially better than they did a couple years ago. ... » Learn More about Home Equity – Timing’s Everything
Rates Are Up, No They’re Down, No They’re Up…
Interest rates have been on a major roller coaster over the past few days. The 10 year note most closely tracks the moves in mortgage rates. If you reference the attached chart you can see the volatility. Last Wednesday the rate was at 2.217%, but as the information on China's economic issues ... » Learn More about Rates Are Up, No They’re Down, No They’re Up…
What Are Real Estate Investors Buying?
New Appraisal System Will Hurt Values and Be Flipper’s Nightmare
Ron Henderson President/Broker of Multi Real Estate Services Los Angeles, CA discusses a new Fannie and Freddie appraisal “review” system that could possibly turn the real estate industry upside down with delays, higher costs and dead deals. The Collateral Underwriter is active January 26, 2015. If ... » Learn More about New Appraisal System Will Hurt Values and Be Flipper’s Nightmare