Home buyers and refinancing homeowners likely have never locked in this low of rate before for the 30-year fixed-rate mortgage. For the 13th time this year, the 30-year fixed-rate mortgage set a record low, averaging 2.72% this week, according to Freddie Mac’s records, which date back to 1971. The previous all-time low was set the week of Nov. 5, when 30-year rates averaged 2.78%.“Weaker consumer spending data, which accounts for the majority
About Hans Hans Grevenstrale, born in Sweden, son of two real estate brokers. From early age, Hans was a part of the family business of selling Castles and mansions in the Southwestern part of Sweden. Hans's parents nische in real estate was to sell Castles and commercial agricultural farms. Since Sweden has a long history with monarchy and properties with historical significance, Hans has seen/sold castles built from the 13th century to 19th cen
When you notice something is a little off in your life, when you’re feeling discontent, that’s your imagination trying to get your attention. It’s a sign that you were meant for more, said author, activist, and thought leader Glennon Doyle, who spoke about living authentically during the closing session of the virtual 2020 REALTORS® Conference & Expo Wednesday.“I think we are trained to believe that any sort of discontent is shameful
For the fifth consecutive month, existing-home sales continued to be resilient in the face of the pandemic, climbing nearly 27% compared to a year ago, the National Association of REALTORS® reported Thursday.Also reported this week, construction of single-family homes soared to the highest pace since the spring of 2007, as more buyers turned to the new-home market to find homes for sale. Buyers continue to find higher prices and quick sales
How does real estate work in parts of the Caribbean, Central America, and South America? In the final NAR en Español session Wednesday at the 2020 REALTORS® Conference & Expo, “¿Americanizar los Mercados o Tropicalizar las Prácticas?” (“Americanize Markets or Accept Local Practices?”), the focus was on doing business in global markets without a multiple-listing service.“There are many issues here, especially when
For months, landlords and property managers have been dealing with the fallout of an extended federal eviction moratorium, which doesn’t include a rental assistance program that could keep them solvent in the interim. Now that many states are moving toward more aggressive coronavirus restrictions, including the possibility of reinstituting lockdowns, commercial and residential tenants are facing a new round of economic hardship. But proper
Defying high unemployment and an economic recession, the housing market has surged during the COVID-19 pandemic. That isn’t likely to let up heading into the winter months, said Lawrence Yun, chief economist of the National Association of REALTORS® during Tuesday’s “Residential Economic Issues & Trends Forum” at the virtual 2020 REALTORS® Conference & Expo.“2020 has been a year of surprises,” Yun said, singling out the
The term “bidding war” lends an adversarial tone to multiple-offer situations, and pitting one side against the other is the wrong way to handle such a transaction, Greg Glosson, managing broker at Fast Track Realty in Memphis, Tenn., said Tuesday at a session called “Multiple Offers = Multiple Confusion” during the virtual 2020 REALTORS® Conference & Expo.“We need to be very cooperative with one another because we are all try
Given the feverish pace of home sales and strong competition in the industry, not to mention the tumult of 2020, Clint Pardoe, speaker and real estate coach, believes “feeling overwhelmed and scattered [may be] one way of doing business in real estate—but it’s not the only way.”During his session, “Zen Real Estate: A Simplified Approach to Increase Income, Efficiency, and Inner Peace,” at the virtual 2020 REALTORS® Conference &a
Studies show that staging a property can lead to a higher sales price and a quicker sale, whether in a buyer or seller’s market. But novices’ mistakes—such as a lack of insurance or minimalist vignette staging that fails to convey the full attributes of a room—could have the opposite effect or even pose some liability issues for you or your client, said Shell Brodnax, CEO of the Real Estate Staging Association, during Monday’s
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