Monthly Archives: December 2017

2018 Real Estate Trends to Watch: ‘Surban’—That Sweet Spot Between City and Suburb

No—”surban” is not a typo. Think of it as the melding of two words to form a new one in the same manner as celebrity name fusion—think Brangelina, Bennifer or Kimye. Surban refers to a suburban area that has the feel of an urban area, with walkability to great retail and restaurants from a house […]

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Homeowners Spend Less, Renters Spend More

Incomes are not keeping pace with rents. More earnings are needed for rent than in years past—now 29.1 percent of the median monthly income, versus the 25.8 percent needed prior to the recession, according to an analysis recently released by Zillow. The difference equals $1,957 more than if the share had stayed the same. Homeowners, […]

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A Compelling Formula for Success: Assist2Sell

A Unique Advantage to the Real Estate Landscape When it comes to companies offering a discount model, there is plenty of competition. Brokers and agents have long understood that sellers want to pay lower commission rates. But they also want full service, notes Ryan Elliott, vice president of Assist2Sell, and that’s his company’s premier distinction. […]

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ICYMI: Demand/Supply Dynamics Keep Prices Tracking Up

Home prices tracked up in the latest S&P CoreLogic/Case-Shiller Indices, up 6.2 percent year-over-year in September, compared to 5.9 percent in August. Conditions as they are are prompting the rise. The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index’s 10-City Composite rose 5.7 percent year-over-year, up from 5.2 percent in August, while its 20-City […]

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Maximum Loan Limits Increase on Fannie, Freddie Mortgages

The maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will increase to $453,100 for most markets in 2018, the Federal Housing Finance Agency (FHFA) recently announced. The increase in the baseline loan limit, mandated by the Housing and Economic Recovery Act (HERA), is in response to rising values. The maximum […]

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Great Spaces: Boutique Residential Development in South Kensington, London

A new development is being launched in South Kensington, London, encompassing 11 uniquely appointed apartments and a single townhouse residence. The Arts House in Southwell Gardens, located in the cultural heartland of London, has a selection of one-, two- and three-bedroom layouts available. Exquisite marble-topped counters with spacious living areas are some of the premier […]

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Mortgage Rates Inch Lower

Mortgage rates moved lower this week, with the 30-year, fixed rate averaging 3.90 percent, a decrease from 3.92 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.30 percent, down from 3.32 percent the week prior, while the five-year, Treasury-indexed hybrid adjustable rate averaged […]

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