Monthly Archives: August 2012

WSJ claims rising prices come from fewer distressed sales

In a Wall Street Journal piece, Nick Timiraos says he thinks rising real estate prices are a result of fewer distressed homes (short sales and foreclosures) on the market. Prices have risen this summer for a simple reason: more buyers have chased

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U.S. Home Values : 5 Straight Months Of Gains

Another month, another sign that the housing market recovery is here to stay. Home Values Up 3% Annually Each month, the Federal Housing Finance Agency issues its Home Price Index, a regional and national home value tracker. In June, home values

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NAR: Existing Home Sales in July Rise

Despite inventory levels being nearly a quarter below July 2011, existing home sales improve for the fifth consecutive month, according to the National Association of Realtors. Existing home sales up as market shifts As most economists predicted, the National Association

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Real Estate Marketing Bloopers! Spell Check Plz!

Realtors that don’t proof read their property descriptions in the MLS inevitably end up in the hall of shame here at AGBeat. We hand pick these bloopers in hope that you will be inspired to check yourself before you go

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LOCAL VIRGINIA NEWS: Home sales AND prices up 6% in July 2012

The July 2012 Virginia Home Sales Report has been released and most state-wide indicators show an improved housing market in the Commonwealth. As shown above, the pace of home sales in July 2012 (8,422) marked a 6% improvement over the

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Three reasons a short sale may not close on time

Short sales is increasingly common in the real estate practice, and there are common reasons why the deal may not be sealed when you expect it to be. Never Count Your Chickens… You’ve heard the phrase, “Don’t count your chickens

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Mortgage Rates Climb For Third Straight Week; Now At 3.62%

Could the Refi Boom be ending? For the third straight week, mortgage rates have climbed. Freddie Mac reports the 30-year fixed rate mortgage rate higher by 3 basis points to 3.62%, on average, nationwide. The 15-year fixed rate mortgage is

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