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· As a seller, you have the option of paying the buyer’s closing costs if you want to. This benefits the buyer, especially if he or she is strapped for cash and could really use the credit. It can also benefit the seller by attracting more buyers in a market where inventory outweighs demand.
Here are Redfin’s housing predictions for 2017.. The lack of starter homes will keep sales growth weak next year.. We expect mortgage interest rates to increase, but to no higher than 4.3 percent on the 30-year fixed rate. Already, the 30-year fixed mortgage rate has increased from 3.5.
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Inventory keeps contracting as higher rates deter sellers: redfin eddie church Contents Fha insured loans defaulting Market correction. $100k properties real estate investing committee page 2 Those notice of defaults are.
If you want to know whether this year is going to be good for buyers or sellers or both, you need to watch for a couple of factors. First, take a look at the housing market. A recent uptick in mortgage rates, combined with higher prices and lower inventory, have made buying a home slightly less affordable than it was a couple of years ago.
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What’s the downside of using Redfin for Buy Side Representation? Asked by KP, 01970 Fri Aug 27, 2010. So I have talked with some people that have used it, read reviews on the web and there does not seem to be a catch – you get 50% of the buyers commission (1.25% to 1.50% of the purchase price) refunded at closing.
In a seller’s market, you have to be on your toes and ready to move quickly.. New data from Redfin show that home prices and housing demand are at or near all-time highs.. keep in mind that.
BSI to purchase mortgage servicing rights following capital raise Mortgage servicing rights are one of the few financial assets that increase in value as rates rise. Most mortgage REITs are exposed to changes in interest rates, and are usually long-duration.
September market stats were published by the NWMLS today. Home prices have leveled off as sales continue to slip and inventory piles up. Year-over-year listing growth hit its highest level ever as the number of homes on the market reached its highest level since January 2012.
"In the first half of the year, the housing market was able to keep its head above water, despite high prices and low inventory, because buyer demand was so strong," said Redfin chief.