Real estate never sleeps, but it does enjoy the weekend! Before you start your end-of-week fun, catch up on all the latest news, updates, and highlights from another busy week in the industry. It’s all right here in the Real Estate Resource Roundup!
Fed Decision Could Raise Mortgage Payments Six Percent; and Out Price Potential First-Time Home Buyers
Projections for mortgage rates vary but generally point toward a potential increase of fifty basis points in the coming twelve months.
If Mortgage Rates Go to Six Percent, Here’s What Happens to Housing
To see how prices might be hit by rising rates, real estate consultant John Burns ran the numbers assuming the rate for a 30-year fixed mortgage gradually moves back up to 6 percent—from the current average of just more than 4 percent.
Housing Starts in U.S. Fall in Sign of Slow, Steady Recovery
New-home construction in the U.S. fell in August, indicating the real-estate recovery will take time to evolve. Residential starts declined 3 percent to a 1.13 million annualized rate from a 1.16 million pace the prior month that was slower than previously estimated, a Commerce Department report showed.
The Cost of Waiting to Buy a Home [Infographic]
The graph represents whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.
Buyers Leverage More Tech in Home Searches
Forty percent of buyers surveyed said they looked for properties online as the first step in their house-hunt (up from 36 percent in 2010), according to NAR. But 88 percent of buyers last year purchased their home with the assistance of a real estate agent, up from 83 percent in 2010.
Common Myths about Boosting Property Value
Decipher what actions can boost property value, what may decrease it, and what actions have no impact at all.
Twenty-One Things to Expect After Getting Your Real Estate License
There are both good and not-so-good things about being a real estate agent. Here are a few of the many truths that you need to know if you are new to this industry.
Best Habits for Real Estate Investors
There are many ways investors can profit from real estate—joint ventures, wholesaling and property management, to name a few—but it takes a little savvy to become successful. Find out what investors should be doing to get ahead.
Four New Facebook Advertising Features That Will Boost Your Business
Facebook advertising, when managed properly, can provide a low-risk-high-reward way to promote yourself as a real estate professional. With the recent advancements of Facebook’s advertising, you can better reach and connect with potential clients.
In case you missed it here on Clean Slate, we learned how John Baker of Better Homes and Gardens Real Estate Metro Brokers established a long lasting career through powerful client relations. And if you have a few minutes, please participate in our “Real Estate and Social Media” survey. We’d like to find out how you’re using social media to build your business, and if you’re not, we’d love to know why. As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.