One of the most common reasons buyers want to deal directly with the seller is because they feel they can save the commission. It’s a valid consideration but interestingly, it’s the same reason the seller isn’t employing an agent. Both parties cannot save the commission. The buyer feels they have earned it because they’ve had to find the home, determine its value and negotiate with the seller. They had to arrange their own financing, title and inspections. The seller equally feels that they have … [Read more...]

 Information from The Pew Charitable Trusts report: The Geographic Distribution of the Mortgage Interest Deduction … [Read more...]

Recently the research team at the National Association of Realtors (NAR) looked at studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard. After reviewing the data, they determined the total economic impact of a typical home sale in the United States is an astonishing $56,464. Here is the breakdown of their report: Economic Contributions are derived from: Home construction Real estate brokerage Mortgage lending Title … [Read more...]

Recently the research team at the National Association of Realtors (NAR) looked at studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard. After reviewing the data, they determined the total economic impact of a typical home sale in the United States is an astonishing $56,464. Here is the breakdown of their report: Economic Contributions are derived from: Home construction Real estate brokerage Mortgage lending Title … [Read more...]

Recently the research team at the National Association of Realtors (NAR) looked at studies done by the Bureau of Economic Analysis, the Census Bureau, Macroeconomic Advisors and the Joint Center for Housing Studies at Harvard. After reviewing the data, they determined the total economic impact of a typical home sale in the United States is an astonishing $56,464. Here is the breakdown of their report: Economic Contributions are derived from: Home construction Real estate brokerage Mortgage lending Title … [Read more...]

TD Bank recently announced the results of their inaugural Mortgage Service Index. The index was designed to identify best practices and trouble areas in home financing and act as a service indicator for lending institutions. Below are some of the key findings of the survey. Positive Experiences The index identified the percentage of respondents who had a positive (“excellent” or “very good”) experience in certain parts of the home buying experience: 64% had a positive experience during the home buying … [Read more...]

TD Bank recently announced the results of their inaugural Mortgage Service Index. The index was designed to identify best practices and trouble areas in home financing and act as a service indicator for lending institutions. Below are some of the key findings of the survey. Positive Experiences The index identified the percentage of respondents who had a positive (“excellent” or “very good”) experience in certain parts of the home buying experience: 64% had a positive experience during the home buying … [Read more...]

The cover story of last month’s Barron’s Magazine discussed the Millennial generation and the impact they will have on the economy including the housing sector. There have been many contrasting views about this age group and their feelings on whether or not homeownership is a part of their personal American Dream. Here are few questions about this generation that have been debated over the last several years… along with some current findings. Is the Number of Millennials Large Enough to Make an Impact? The … [Read more...]

The cover story of last month’s Barron’s Magazine discussed the Millennial generation and the impact they will have on the economy including the housing sector. There have been many contrasting views about this age group and their feelings on whether or not homeownership is a part of their personal American Dream. Here are few questions about this generation that have been debated over the last several years… along with some current findings. Is the Number of Millennials Large Enough to Make an Impact? The … [Read more...]

Gallup just released its poll, American Dream of Owning Home Lives On. Their conclusion? “Gallup data on homeownership provide strong support for the idea that the American Dream of owning a home continues to be alive and well. The majority of Americans who own a home plan on continuing to do so in the future, and most of those who don’t own a home plan on buying one.” … [Read more...]