Getting your asking price when selling your home, the costs of buying a home, shadow inventory in the spotlight and much more. Here are the real estate headlines you may have missed this week:
Closing fees ease up (via The New York Times)
For some people, a major hurdle to homeownership is the closing costs that come on top of the required down payment. But these fees have been easing, according to a report by Bankrate.com. Read Full Story
Shadow inventory: It’s not as scary as it looks (via The Wall Street Journal)
There are several reasons why the shadow inventory isn’t as scary as it sounds: It’s concentrated in a handful of markets; it’s being offset by improved demand; and the housing vacancy rate is low. Read Full Story
How to get your asking price as the housing market improves (via Yahoo! Homes)
Home prices posted their first annual increase in five years, according to a report by Zillow. This is good news for homeowners who have been waiting to put their houses on the market. But before that happens, there are a few simple spruce-ups that can help get the asking price. Read Full Story
Mortgage delinquencies rose in second quarter (via Los Angeles Times)
The Mortgage Bankers Association said home loans with at least one missed payment, but not yet in foreclosure increased, increased in the second quarter to 7.58 percent of all mortgages. That’s up slightly from 7.4 percent in the first quarter. Read Full Story
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About Daniel Di Matteo
THE REAL ESTATE BUSINESS HAS LESS TO DO ABOUT SELLING PROPERTIES AND EVERYTHING TO DO ABOUT HELPING PEOPLE.
