Monthly Archives: June 2014

FAA cracking down on Realtors who fly photo drones

Teke Wiggin, Staff Writer, Inman News, June 25, 2014 FAA says Realtors who fly drones to shoot listing photos are not hobbyists. Realtors are subject to all existing FAA regulations, as well as future rule-making action’.  

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Tenants Can Now Have Rent Payments History in Credit Score

Tenants can now have their history of rent payments incorporated into their credit scores By Kenneth R. Harney June 27, 2014 Anybody buying a first home quickly learns how important credit scores are to mortgage lenders. They like those scores … Continue reading

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Rising Home Prices Not a Bad Thing

Why rising home prices are not a bad thing Cheap credit means homes are still affordable, but incomes must keep pace with inflation Long-term rates have fallen back near the lows of the year, despite Wall Street salespeople trying to … Continue reading

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New and existing home Sales set to drop

Millennials Seen Surging as Homeowners in U.S.: Mortgages By Alexis Leondis and Shobhana Chandra June 23, 2014 “Home ownership is out of reach for me,” said Taylor, 33, who’s been looking for a job in Washington since he graduated in … Continue reading

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Sales and Inventory Gains in May

Existing-Home Sales Heat Up in May, Inventory Levels Continue to Improve WASHINGTON (June 23, 2014) – Existing-home sales rose strongly in May and inventory gains continued to help moderate price growth, according to the National Association of Realtors®. All four … Continue reading

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Fixed Mortgage Rates Slightly Lower

Fixed Mortgage Rates Down Slightly MCLEAN, VA–(Marketwired – Jun 19, 2014) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates reversing course and moving slightly lower for the … Continue reading

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Mortgages underwater for some, equity increasing for others

Home equity leaps ahead, though mortgages remain underwater for millions of owners By Kenneth R. Harney June 13, 2014 If you’re like most homeowners, it’s your biggest asset. You can’t track it online or check monthly statements sent to you … Continue reading

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May 2014 California Residential Sales

California May Home Sales June 12, 2014 An estimated 37,734 new and resale houses and condos sold statewide in May. That was down 0.7 percent from 37,988 in April, and down 14.4 percent from 44,087 sales in May 2013, according … Continue reading

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Fixed Mortgage Rates Move Higher

Fixed Mortgage Rates Move Higher MCLEAN, VA–(Marketwired – Jun 12, 2014) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS ®), showing average fixed mortgage rates following Treasury yields higher and coming off … Continue reading

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Southern California Home Sales Slow

Southland Home Sales Slow; Median Price Rises Again but at Slower Pace Jun 11, 2014 La Jolla, CA—Southern California home sales lost momentum in May, falling from both April and a year earlier as investor demand fell and buyers continued … Continue reading

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