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Archive for September 2018

25% of Sellers Dropped Their Asking Price in September

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According to research done by Redfin, sellers in the U.S. are feeling compelled to drop their prices as homebuyers become more selective and the market starts to change. In the last month alone, 26.6% of homes listed for sale had a price drop. This is acting as […]

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Here’s How People Use Their Equity

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When it comes to how homeowners use the equity they are gaining on their homes, there are a variety of reports. Some reports point to the fact that Americans are holding back on accessing this source of untapped wealth, while other reports point to exactly what they […]

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Top Housing Markets of 2018 (So Far)

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As a real estate agent, or even a professional in the real estate industry, it is important to keep on top of which markets are performing the best. There have been many market trends so far in the year, including markets further inland growing in popularity. This […]

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Real Estate Term of the Day – Power of Sale

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“Power of Sale” is a clause written into a mortgage agreement that authorizes the lender to sell the property in the event of default in order to repay the mortgage debt. Basically, a property that is foreclosed is sold by the lender in order to recover losses […]

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How Much Difference Does Your Interest Make?

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When it comes to interest rates, it is easy to know that the lower they are, the lower your payment will be. But, just how much of an effect can interest rates have on your mortgage payment? More than you think, actually. This infographic from Freddie Mac […]

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10 Crazy Real Estate Facts from Around the World

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Because everyone needs a home all over the world, real estate can feature in world events and pop culture in ways that you wouldn’t normally expect. Just to prove it to you, we’ve compiled 10 facts about real estate from around the world that will make you […]

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Hurricane Florence Damage Could Total $170 Billion

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Category 4 Hurricane Florence is preparing to make landfall in the Carolinas by Friday morning, and early estimations show that over 750,000 homes could be affected by the storm, making the budgets for anticipated reconstruction climb to 170 billion. A potential 15ft storm surge paired with the […]

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Trending – Efficiency Apartment

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Efficiency apartments are growing in popularity, especially since so many jobs are becoming available and people are flooding to cities to take advantage of the great job opportunities, driving up rental costs. These apartments are similar to studios in that it has no distinctive bedroom and if […]

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Real Estate Term of the Day – Conveyance

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Conveyance is the act of transferring ownership interest in property from one owner to another. This word often refers to a written object, like a deed or a lease, that legally transfers the property from a seller to a buyer. Conveyance of ownership of real estate is […]

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The Difference Between Realtors, Agents, and Brokers

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If you are not very familiar with the real estate industry, figuring out the difference between an agent, a realtor and a broker can be difficult. They all seem to do similar things, and how many different ways can there be to help buy or sell houses […]

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