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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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Safety Tips for Real Estate Agents

Eppraisal

There is a lot in the news about the real estate market and how home values are rising, inventory and interest rates are low, and the like. The one issue that doesn't get much attention is real estate agent safety. It can be dangerous out there in the world of real estate.

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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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Could online mortgage lenders reduce discrimination against Black homebuyers?

Housing Wire

The Federal Housing Finance Agency house-price index rose 12% last year due to low inventories and high demand. Redfin , the popular real estate website, reports that nearly 40% of homes in the past month have sold above asking price.

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How to Price Your Home for the Current Market

Eppraisal

Knowing how to price your home correctly isn’t rocket science, but it’s still tricky.    Property Valuation Your home value is the primary determiner of your asking price. Your biases toward certain home qualities may skew your calculations, so be aware of such tendencies.  Better

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Home Search Strategies for 2022

Eppraisal

It is no secret that many home buyers are having a hard time finding a home to purchase. The inventory of homes available for sale was on the low side even before the Covid 19 pandemic. According to data from Realtor.com, "The inventory of homes for sale dropped 53% between April 2020 and April 2021."

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Listing Agent Commissions

Eppraisal

Real estate agents don't get paid for their work until a property closes. Real estate commissions however, are not set percentages. In fact, some real estate brokerages set a minimum amount of commission required rather than a set percentage. Variable Commissions Commissions can also be variable.

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