The good news is that the residential real estate market is recovering and even becoming “hot” in certain markets. The downside is that we are hearing stories from lenders that they have hundreds of pre-approved borrowers who cannot find a suitable home for which they are qualified to purchase. Improved demands for homes and limited… Read more »
According to Fannie Mae and the National Association of Realtors (NAR), second or vacation homes – those that are neither investment nor primary residences – represented 13 percent of all purchase transactions in 2013 – an increase of 29.7 percent over 2012. This is the highest market share for second homes since 2006, although still… Read more »
The winter weather in January and February of 2014 has definitely impacted the real estate markets throughout the United States. Now we turn our attention to Spring and what is traditionally the season that buyers get active looking for new homes. We hope this Spring is going to be early and energized. As we begin… Read more »
A recent report released by Prudential Real Estate found that the number of consumers that are positive about the residential market in 2014 has grown more favorable in December. Of those surveyed, 78 percent of consumers are optimistic toward the residential market in 2014. This is a 5-point increase from the previous quarter. The report… Read more »
On January 22nd and February 3rd VMG presented a webinar on the following key topics listed below. If you click on read more, you will find a link to the PDF version of this webinar and the actual feed to the webinar itself. 1. On January 26, 2014, Fannie Mae and Freddie Mac (the GSEs) will… Read more »
A new technology, Google Glass, is on the testing market as a new breakthrough from Google. Google Glass allows “wearers” to use a computer anywhere, hands free. Google Glass is worn as glasses; however there are no lens, nothing except a small computer device with an optical head-mounted display. What exactly does Google Glass do?… Read more »
You may not love social media as much as I do, but let me tell you, utilizing the sites to their maximum capabilities will help you tremendously in your career. Especially LinkedIn. As an appraisal, mortgage, loan, or banking professional, your image and credibility will take you a long way. In the career-world, LinkedIn is… Read more »