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2017 HOMEBUYER SURVEY HAS VALUABLE INFO…

FOR AGENTS AND SELLERS… SOURCE:  Excerpted from an article by BOB HUNT for realtytimes.com “One of the most useful research projects of the National Association of REALTORS (NAR) is their annual survey of homebuyers and sellers.  It is particularly useful because it shows sellers and their agents what works and what sources buyers use to…

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BUYING A VACATION HOME: THE QUESTIONS BEFORE PURCHASE

SOURCE:  Amin Dabit for realtytimes. “Whether it’s an oceanside bungalow or a mountain cabin, many people dream of buying a vacation home.  Financial advisors call a purchase like this “lifestyle investing.”  Like any investment, buying a second home comes with both benefits and potential drawbacks, so it’s important to consider how a vacation home fits…

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US MORTGAGE RATES BLIP HIGHER

Source:  Sunday, June 18, 2017 – Asheville Citizen Times/Paul Wiseman-Associated Press “WASHINGTON – Long term US mortgage rates edged up last week as the benchmark 30-year rate bounced back from a seven-month low.  Mortgage buyer Freddie Mac said Thursday that the average 30-year, fixed-rate mortgage rose to 3.91% last week from 3.89% the previous week. …

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AMERICANS BUY HOMES AT FASTEST PACE IN A DECADE

Excerpted from an article by Christopher S. Rugaber for Associated Press “WASHINGTON – Americans shrugged off rising mortgage rates and bought existing homes in January at the fastest pace since 2007.  Home sales rose 3.3% in January from December to a seasonally adjusted annual rate of 5.69 million, the National Association of Realtors said Wednesday. …

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THREE STEPS TO SAVING FOR YOUR DREAM HOME

Excerpted from an article by Damien Justus for realtytimes.com “According to Harvard University’s “State of the Nation’s Housing” report, while more people than ever before want to own their own home, fewer feel financially ready to do so yet.  Reasons range from high rents to student loan debt. Millennials in particular are waiting longer to…

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HOME RENOVATIONS ON A BUDGET

Excerpted from an article by Realty Times Staff “If you’re looking to get the best return on your investment or just improve your property to attract high quality tenants, a kitchen remodel is one of the highest value projects.  The most recent cost vs. value report, released in January 2014, shows that property owners will…

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HOW TO SELL YOUR HOME IN 2017

Excerpted from an article by Jaymi Naciri for realtytimes.com “It’s 2017.  Now what?  the new year is a time for hope and renewal, and for those who are looking to sell – and simultaneously buy – a home, it can represent a fresh start.  But this year, political and social realities are giving some would-be…

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30-YEAR MORTGAGE RATE JUMPS 50O 3.94%

Excerpted from an article in the Associated Press/Asheville Citizen-Times “WASHINGTON – Long-term mortgage rates climbed this week, reflecting deep declines in US government bond prices in the days after Donald Trump’s election victory. Mortgage giant Freddie Mac said Thursday the average for a 30-year, fixed-rate mortgage jumped to 3.94% from 3.57% last week.  That put…

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HOUSING STARTS SURGE 25% TO POST-RECESSION HIGH

Excerpted from an article by Paul Davidson for USA TODAY “Housing starts jumped 25% in October to a post-recession high as volatile apartment construction more than reversed a sharp decline and single-family starts surged as well.  Construction of homes and apartments rose 25.5 to a seasonally adjusted annual rate of 1.3 million, the Commerce Department…

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2016 HOMEBUYER SURVEY CONTAINS VALUABLE INFORMATION….

FOR AGENTS AND SELLERS… Excerpted from an article by Bob Hunt for realtytimes.com “One of the most useful research projects of the National Association of REALTORS (NAR) is the annual survey of home buyers and sellers.  It is particularly useful because it shows sellers and their agents what works and what sources buyers use to…

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