Remove Home Value Remove Inventory Remove Loan Officers Remove Realtors
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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. million homes bought and sold in the U.S. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million, of those homes.

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A closer look at housing markets across the country

Housing Wire

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. That’s reflected in home prices, where the median Honolulu home sold for $975,000 in the second quarter of 2021, according to the National Association of Realtors , a climb of 20% year-over-year.

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Exactly what’s going on in today’s housing market, explained by 4 trends

Cornerstone

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. The recent Monthly Housing Market Trends Report from realtor.com states: “In July, newly listed homes grew by 6.5 And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S.

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Exactly what to say when your clients ask these big questions

Cornerstone

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. A prospective home seller is looking at a great opportunity to sell rapidly and at a lucrative price. What happens if I sell my house and can’t find a new home to buy?

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

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The art (and the importance) of pricing your home to sell

Cornerstone

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. Experts project that home values will continue to increase throughout the year. The good news about housing inventory recently hitting an all-time low is that this puts sellers in the driver’s seat.

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