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30 September 2016

Real Estate Resource Roundup – 9/30/16

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As September comes to an end, a new phase of fall is about to begin!

Housing market projections for next year are already pouring in and sellers are buckling down for cooler months. Stay in the know with the latest news and industry updates in this week’s real estate resource roundup:

Home Sales Expected to Increase Nicely in 2017
The National Association of REALTORs®, The Mortgage Bankers’ Association, Freddie Mac and Fannie Mae are all projecting that home sales will increase in 2017. Here is a chart showing what each entity is projecting in sales for this year and the next.

Home Prices Continue to Accelerate
Home prices continued their rise across the country over the last 12 months, according to recent data, as low inventory continues to be a challenge for buyers. Details here.

Low Supply Levels Restrain Contract Signings
Pending home sales softened in August for the third time in four months and retreated to the lowest level since January, the National Association of REALTORS® reported.

Drop in Refinancing Pushes Mortgage Applications Lower
Refinance volume, which now accounts for 62.7 percent of all applications, fell 2 percent from the previous week. Total mortgage application volume decreased 0.7 percent, according to the Mortgage Bankers Association.

Construction Gap Improves, but Remains Wide
Despite strong gains in 2015, sluggish construction persists this year. Find out what factors are causing the delay.

New Study Reveals the Most Affordable Time of Year to Buy
To determine the most affordable time to buy, the past two years’ worth of listings and sales in the 50 most populous U.S. metro areas data was analyzed. Find out what was discovered.

Your First Home Might Be Your Last
Reports show repeat buyers have yet to rejoin the market at pre-housing crisis levels. There were 1.8 million repeat buyers in 2001 but only 900,000 last year. Learn more here.

How to Write the Perfect LinkedIn Connection Request
Connect with potential clients and community members on LinkedIn with these tips for writing a winning connection request every time!

In case you missed it here on Clean Slate, we revealed the best ways to incorporate Snapchat into your business marketing. As always, be sure to follow #BHGRE on Facebook and Twitter for more updates.

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