Monthly Archives: December 2012

Foreclosure Discounts: Better Deals in Virginia than U.S. National Average

Buying a foreclosed home can be a terrific way to get a “deal”. Foreclosed homes typically sell at steep discounts as compared to comparable homes not in foreclosure. In its latest quarterly report, foreclosure-tracker RealtyTrac shows the states in which

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Silver Lining of Fiscal Cliff Uncertainty Means New Low for Mortgage Rates

While mortgage rates have remained low in recent years, mortgage application volume rose last week as rates hit a new low, resulting from uncertainty over the fiscal cliff, according to the MBA. Mortgage rates hit new low, application volume rises

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“Multiple-Offer” Listings Expected To Drive Home Prices Higher In 2013

As 2013 approaches, the U.S. housing market carries momentum. Home buyer demand continues to rise as the national supply of homes sinks. As a result, home prices are rising in many U.S. markets, creating urgency among today’s buyers to “get

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The Buying Power of Today’s 3.3% Mortgage

With today’s 30-year, fixed-rate mortgages averaging a bit less than 3.5 percent, people can afford much more of a house than ever before. (And I mean that — ever. These are the lowest mortgage rates in US history.)(I also speak from

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What Short Sales and Puppies Have in Common

It’s no secret that short sales come with a plethora of challenges, but like the challenges associated with raising a new puppy, they require patience and can be overcome. Puppies Require Patience I got a new puppy last weekend. It’s

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MLS Bloopers: “This is a shoecase property” and Other Marketing Typos

The marketing typos were all over the MLS and real estate ads this week, friends, and there are more than enough errors to keep this MLS blooper reel going for yet another year. Marketing typos that will amaze and offend

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Construction Spending Sees Largest Increase Since May

Construction spending rose a bit in October, beating most economists’ forecasts, marking the largest increase seen since the beginning of this summer, giving hope to the housing market which continues on the long road to recovery. Construction spending rises According

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