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James Kimmons

James' Real Estate Business Blog

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Mortgage News 5/26/2014

Monday May 26, 2014

Average 30-year mortgage rate falls to 4.14% - USA TODAY

Fri, 23 May 2014 14:19:05 GMT

Economic TimesAverage 30-year mortgage rate falls to 4.14%USA TODAYWASHINGTON (AP) -- Average U.S. rates on fixed mortgages fell this week for a fourth straight week. The low rates could give a boost to the spring home-buying season, which has started ...

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Dispute Arises Over Number of Mortgage Denials to Blacks - New York Times

Fri, 23 May 2014 19:32:30 GMT

Wall Street JournalDispute Arises Over Number of Mortgage Denials to BlacksNew York TimesThe association's president, David H. Stevens, said that 56 percent of blacks who applied for a common type of mortgage were denied. When that figure was publici ...

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Four mortgage officers plead guilty to fraud - Pittsburgh Post Gazette

Fri, 23 May 2014 05:04:50 GMT

Four mortgage officers plead guilty to fraudPittsburgh Post GazetteFour people pleaded guilty to mortgage-related fraud in a Downtown courtroom Thursday, but the apparent target of the investigation maintained his innocence, saying the banks should b ...

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The broken nature of the fixed-rate mortgage - Washington Post

Wed, 21 May 2014 23:34:12 GMT

The broken nature of the fixed-rate mortgageWashington PostToday's subject is housing, and as part of my research I've been going through the U.S. Constitution, looking for the exact words that guarantee Americans access to a 30-year, fixed-rate home ...

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Another "How to Assess an Agent Article"

Sunday May 25, 2014

The Ever Changing Real Estate Market - RealtyBizNews

Sat, 24 May 2014 16:49:54 GMT

RealtyBizNewsThe Ever Changing Real Estate MarketRealtyBizNewsHow many of you saw this one coming? In two short years, the real estate market has gone from distressed foreclosure sales at deep discounts to a market where potential sellers are afraid ...

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The House Shows Boom: How the Real Estate Market Is Reflected on TV - TIME

Fri, 23 May 2014 19:56:36 GMT

The House Shows Boom: How the Real Estate Market Is Reflected on TVTIMENate Berkus knows a lot about houses. The celebrity designer, who got his start with Oprah Winfrey's endorsement and now makes news with his personal life, has spent years renovat ...

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How to assess a real estate agent - USA TODAY

Sat, 24 May 2014 11:47:44 GMT

How to assess a real estate agentUSA TODAYAsk the average length of time this agent's homes sit on the market, the homes' list-price-to-selling-price ratio and types of property the agent worked with. • How will you keep me updated? Any successful re ...

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11 reasons the real estate market could crash again - Inman.com

Wed, 21 May 2014 19:10:04 GMT

11 reasons the real estate market could crash againInman.comCrash? Don't be alarmed. Don't sell your business, but realize that the economic structure and outside occurrences can shape a real estate market. I am a normally upbeat guy, but I do like r ...

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Mortgage and Real Estate News 5/22/2014

Thursday May 22, 2014

The broken nature of the fixed-rate mortgage - Washington Post

Wed, 21 May 2014 23:34:12 GMT

CNBC.comThe broken nature of the fixed-rate mortgageWashington PostToday's subject is housing, and as part of my research I've been going through the U.S. Constitution, looking for the exact words that guarantee Americans access to a 30-year, fixed-r ...

Read more ...

 

Mortgage Rates Hold Perfectly Flat Despite Fed Minutes - Mortgage News Daily

Wed, 21 May 2014 20:16:19 GMT

Mortgage Rates & Trends (blog)Mortgage Rates Hold Perfectly Flat Despite Fed MinutesMortgage News DailyMortgage rates held almost perfectly steady today, despite the potentially important release of last month's meeting minutes from the FOMC (aka ...

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The Upshot|Rent or Buy? The Math Is Changing - New York Times

Thu, 22 May 2014 02:58:41 GMT

The Upshot|Rent or Buy? The Math Is ChangingNew York TimesOnly four years later, the couple see new signs of excess in the housing market and have decided to go back to renting. They are close to a deal to sell their house - for $1.35 million, a cool ...

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11 reasons the real estate market could crash again - Inman.com

Wed, 21 May 2014 19:10:04 GMT

11 reasons the real estate market could crash againInman.comCrash? Don't be alarmed. Don't sell your business, but realize that the economic structure and outside occurrences can shape a real estate market. I am a normally upbeat guy, but I do like r ...

Read more ...

 

It's good to be a seller in most real estate markets - Chicago Tribune

Thu, 22 May 2014 09:36:29 GMT

It's good to be a seller in most real estate marketsChicago TribuneQ: I need help finding a good real estate agent. I need to sell my home. I am now indigent and have a back fracture. I lost my job due to the injury. The government will not provide a ...

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When it comes to real estate marketing, don't waste money on passive techniques - Inman.com

Thu, 22 May 2014 10:04:31 GMT

When it comes to real estate marketing, don't waste money on passive techniquesInman.comAccording to the National Association of Realtors' newly released 2014 Home Buyer and Seller Generational Trends report, only 4 percent of sellers and 9 percent o ...

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Redfin Expands and Multi-family Market Forecast

Tuesday May 20, 2014

Redfin plans massive expansion, pushing real estate service into as many as 46 ... - GeekWire

Mon, 19 May 2014 14:48:56 GMT

GeekWireRedfin plans massive expansion, pushing real estate service into as many as 46 ...GeekWireThe Seattle online brokerage is looking to hire real estate professionals in a whopping 46 new markets in 19 new states, according to recent job posting ...

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IRA Financial Group Expects Busy Summer Real Estate Market for Self-Directed ... - Virtual-Strategy Magazine (press release)

Tue, 20 May 2014 12:20:04 GMT

IRA Financial Group Expects Busy Summer Real Estate Market for Self-Directed ...Virtual-Strategy Magazine (press release)IRA Financial Group, the leading provider of "checkbook control" self-directed IRA LLC solutions, announces that it expects a ver ...

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Multi-Family Real Estate Forecast: 2014-2020 - Forbes

Mon, 19 May 2014 17:49:09 GMT

ForbesMulti-Family Real Estate Forecast: 2014-2020ForbesIn my youth, the housing options were simple: a rental apartment with noisy neighbors, or owning a single-family home. With rising home prices of a decade ago, the condominium market surged. So ...

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Don't Shortchange the Investor as a Business Niche

Friday May 16, 2014

Many highly successful real estate professionals are that way because they specialize in a niche market and become recognized experts.  It could be the property type, like condos, or it can be an area or neighborhood, or first time buyers or other prospect types.  Don't overlook working with real estate investors for your niche.  Read the article at the link to debunk some misconceptions and learn the benefits of working with real estate investors.

Broken windows, busted real estate market and more news

Thursday May 8, 2014

Broken windows, busted real estate market - Marketplace.org

Wed, 07 May 2014 20:15:33 GMT

Marketplace.orgBroken windows, busted real estate marketMarketplace.org"I'll go by a property to see the condition, to see if it has boarded doors and windows, and attempt to bring it to compliance," said McCall, a burly man who drives a gurgling cit ...

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How do major investors view the real estate market? - The News Journal

Wed, 07 May 2014 18:13:30 GMT

How do major investors view the real estate market?The News JournalA new quarterly report for gauging the real estate market, "The United Realty/Zogby Real Estate Confidence Index," was released today. The new index. Loading... Post to Facebook. How do ...

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Is the real estate housing market rebounding? - WGNtv.com

Tue, 06 May 2014 03:19:54 GMT

Is the real estate housing market rebounding?WGNtv.comFarrell says, "Our average days on the market is lower than it has ever been, even during the condo boom." The average listing time sits at 60 days right now. Although signs of a recovery are ever ...

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Today's Mortgage Interest Rates at US Bank Corp (May 7, 2014) - Morning News USA

Wed, 07 May 2014 17:36:21 GMT

Philly.comToday's Mortgage Interest Rates at US Bank Corp (May 7, 2014)Morning News USAToday's Mortgage Interest Rates at US Bank Corp (May 7, 2014) This Wednesday, at the popular American mortgage provider, US Bank Corp (NYSE: USB), the benchmark 30 ...

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It's official: Mortgage applications to buy have outpaced refis - MarketWatch (blog)

Wed, 07 May 2014 14:39:19 GMT

It's official: Mortgage applications to buy have outpaced refisMarketWatch (blog)The weekly mortgage applications data from the Mortgage Bankers Association reflect a big change in the housing market: For the first time since 2009, there were more mo ...

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One Dissenting Opinion in Sea of Happy Real Estate News?

Wednesday May 7, 2014

Don't worry, be happy, at least until the last article in today's news.

12 Surprisingly Hot Cities For Real Estate - Business Insider

Tue, 06 May 2014 18:06:51 GMT

Business Insider12 Surprisingly Hot Cities For Real EstateBusiness Insider... most expensive residential property to least. "Prime" real estate is at the top-tier of the market, in the most desirable neighborhoods; "Secondary" real estate is the bulk ...

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Is the real estate housing market rebounding? - WGNtv.com

Tue, 06 May 2014 03:19:54 GMT

Is the real estate housing market rebounding?WGNtv.comFarrell says, "Our average days on the market is lower than it has ever been, even during the condo boom." The average listing time sits at 60 days right now. Although signs of a recovery are ever ...

Read more ...

 

Q&A: How long will the real estate upswing last? - Houston Chronicle

Mon, 05 May 2014 04:20:28 GMT

Houston ChronicleQ&A: How long will the real estate upswing last?Houston ChronicleTo get an indication of where the market is headed, we asked four housing experts to weigh in on some of the key issues. Their edited remarks follow: Q: What do you see ...

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Real estate giant predicts slow home sales for months to come - Los Angeles Times

Tue, 06 May 2014 07:42:35 GMT

Real estate giant predicts slow home sales for months to comeLos Angeles TimesShares in Realogy Holdings Corp., which owns major brokerage firms Coldwell Banker, Century 21 and Sotheby's, tumbled more than 8% on Monday after the New Jersey firm said ...

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Home Buyer's Remorse and Agent Thoughts

Sunday May 4, 2014

Some really interesting results from a survey of home buyers and sellers commissioned by Redfin are in my article here. You may be surprised by who loved their agents and who didn't.

Slowing Real Estate Market News X 3

Thursday April 24, 2014

Bloomberg, Forbes and the Wall Street Journal all bearish on the housing market this week:

Why the Housing Market Has Slowed - Wall Street Journal (blog)

Wed, 23 Apr 2014 15:48:44 GMT

Real Estate Weekly Why the Housing Market Has Slowed Wall Street Journal (blog)This is welcome news for home sellers and builders, though it isn't great for investors or real-estate agents that have made a living over the past few years recycling these ...

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New Home Sales Drop 14.5% In March, Underlining A Slowing Housing Market - Forbes

Wed, 23 Apr 2014 16:12:03 GMT

The Atlantic Cities New Home Sales Drop 14.5% In March, Underlining A Slowing Housing Market Forbes Sales of newly-constructed homes fell by 14.5% in March, a significant drop underscoring that the housing market is indeed slowing down. New single-famil ...

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Rising Home Prices Crack Foundation of U.S. Real-Estate Recovery - Bloomberg

Wed, 23 Apr 2014 17:49:27 GMT

Rising Home Prices Crack Foundation of U.S. Real-Estate Recovery Bloomberg A crack is starting to form in the foundation of the U.S. housing-market recovery that extends beyond bad winter weather. "A rise in interest rates, combined with the rise in ho ...

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Are Americans Falling In Love With Housing Again?

Wednesday April 23, 2014

Americans have fallen in love with real estate once again - Fortune (blog)

Sun, 20 Apr 2014 15:56:15 GMT

Americans have fallen in love with real estate once again Fortune (blog)140128181235-housing-market-620xa. FORTUNE -- As the real estate market recovers, so does America's faith in housing as an investment. According to a Gallup poll released Thursday ...

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What's Really Happening in Today's Real Estate Market (and how to Profit From It) - Motley Fool

Tue, 22 Apr 2014 17:04:09 GMT

What's Really Happening in Today's Real Estate Market (and how to Profit From It)Motley FoolThe Dow Jones Industrial Average (DJINDICES: ^DJI ) was up 112 points in early afternoon trading, but many eyes moved away from the ticker tape and to the bel ...

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Expert: Beware of Bubble in California Housing Market - Newsmax.com

Tue, 22 Apr 2014 23:40:45 GMT

Expert: Beware of Bubble in California Housing MarketNewsmax.comKathy Fettke, CEO and co-founder of The Real Wealth Network, told J.D. Hayworth and John Bachman on "America's Forum" on Newsmax TV that she is "concerned" by what she is seeing in Calif ...

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Current Mortgage Interest Rates at TD Bank on April 22, 2014 - Morning News USA

Tue, 22 Apr 2014 18:21:17 GMT

Highlight PressCurrent Mortgage Interest Rates at TD Bank on April 22, 2014Morning News USACurrent Mortgage Interest Rates at TD Bank on April 22, 2014 After surprising its users with sudden rise and fall in the lending rates for a long time, the Can ...

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US mortgage applications fell last week: MBA - Reuters

Wed, 23 Apr 2014 11:10:05 GMT

Housing WireUS mortgage applications fell last week: MBAReutersThe Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, declined 3.3 percent in the ...

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