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Real estate agents are playing second fiddle to the Internet.
According to the 2013 Google -NAR study, “The Digital House Hunt,” 92 percent of homebuyers use [...]
The upbeat real estate market news we received in 2013 presents some challenges for the year ahead. An influx of buyers last year helped strengthen housing appreciation, which in turn led to greatly improved consumer confidence. The result was 5.1 million home sales, the best year for real estate purchases since 2007.
But 2014 will be different, [...]
Last week, I had the privilege of attending the National Association of REALTORS® Conference in San Francisco. There were a number of highlights on my trip, including speaking to the Women’s Council of REALTORS® on the power of Memorable Marketing. Additionally, I got to know a number of fantastic agents who visited my [...]
NAR survey of homebuyers and sellers no longer breaks down online sites by type but the question remains how the sites are found!
Use of the Internet among consumers in the home buying process continues to grow, but those buyers are more, not less, likely to use a real estate agent, [...]
Lenders see heightened risk for loans that don’t meet guidelines
On Jan. 1, 2014, a new provision in the Dodd-Frank Wall Street Reform and Consumer Protection Act goes into effect. The “qualified residential mortgage,” or QRM, may have far- reaching effects that will lessen the number of people who ultimately can [...]
CAR economist discusses latest trends at AFIRE conference
Where is the real estate market heading? Is the notion of “Gen Rent” true or false? How much longer will the Fed continue to pump money into the system to hold rates down? How large is the shadow inventory really?
Leslie Appleton‐Young, chief economist [...]
A Notable Quote
“No people who lost their character have kept their liberty.“
- Lawrence Reed
At the 2013 Freedom Fest conference in Las Vegas, our very own Russell Gray participated on a panel of experts for the Best Asset Class Debate.
This debate was a reprisal of the Big [...]
RealtyTrac: More than 8 in 10 REOs and 9 in 10 non-REO foreclosures are not on the market!
More than 8 in 10 real estate owned (REO) properties — 500,000‐plus homes that could ease today’s sharp inventory shortage — are unlisted, according to an estimate by data aggregator RealtyTrac.
And more than [...]
Nonbank making millions in loans that carry interest rates around 8 percent
Loans to borrowers with less‐than‐stellar credit that are not sponsored by government entities could be trickling back into the market, with the CEO of a nonbank in California saying that he “absolutely” expects to securitize nonprime mortgages within the [...]
GB Arrington had only far-off plans to sell his Northeast Portland home until a real estate agent approached him with a buyer in hand. Arrington sold and now lives in the downtown Ladd Tower apartment building.
In a recent ‘breaking news’ article:
Portland inventory shortages have agents cold-calling prospective [...]
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