Whoever finds a buyer for the nearly $10 million home will not only get his or her commission on the sale, the seller is also throwing in a new a 2015 Bentley at no charge. Just consider it a little cherry on top of your normal compensation. -- Ben Lane in HousingWire http://www.housingwire.com/articles/32144-want-a-free-bentley-sell-this-house
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Sales of new homes in the United States printed at an annual rate of 458,000 for the month of October, up 0.7% from September. -- Trey Garrison in HousingWire http://www.housingwire.com/articles/32183-new-home-sales-squeak-out-weak-gain-in-october
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Shard and taken by Xalima Miriel, Castle in Trevejo, Spain
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For some gorgeous travel photos go to http://www.johnbrody.com/Travel/Favorites/i-6cL88C8
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Shared by Darja Vizjak, taken by Carl Concini, Lake Bled
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The Pending Home Sales Index marginally dropped 1.1% to 104.1 in October from an upwardly revised 105.3% in September. This is still 2.2% higher than October 2013’s 101.9. -- Brena Swanson in HousingWire http://www.housingwire.com/articles/32182-pending-home-sales-reverse-course
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Goldman is now ready to return to the market with its first jumbo RMBS since the crisis. -- Ben Lane in HousingWire http://www.housingwire.com/articles/32191-goldman-sachs-launches-first-jumbo-mortgage-bond-since-crisis
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Shared by
Nhu Phuong Pham Santa Claus Village in Rovaniemi, Finland
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The latest trends in bathrooms are large tiles, trough drains in the shower and showers for two, with combos of rain shower heads, hand held showerheads, body sprayers as well as the normal kind of showerheads. (Reported by Tracy Tesmer on the radio this morning on WDUN Gainsville, GA)
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30 Year Fixed: 3.750%
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APR 4.964%
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15 Year Fixed: 2.990%
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APR 3.178%
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7/1 ARM: 2.875%
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APR 3.406%
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5/1 ARM: 2.625%
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APR 3.240%
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FHA 30 Year Fixed: 3.375%
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APR 5.073%
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Jumbo 30 Year Fixed: 3.750%
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APR 3.827%
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Jumbo 15 Year Fixed: 3.250%
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APR 3.415%
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Jumbo 7 year ARM: 3.125%
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APR 3.326%
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Jumbo 5 year ARM: 2.875%
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APR 3.187%
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| VA: 3.500% | APR 5.769% |
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Shared and taken by Norbert Metz
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5 Reasons Housing Markets Are Thankful
The housing market has seen plenty of challenges the last few years, but could brighter days be ahead? Based on recent housing reports, some markets are reporting a rosier picture now than for the first half of the year and growing optimism heading into next year for a lasting turnaround.
Here are five market gauges that many in the real estate industry are thankful for this holiday season:
1. Mortgage rates are still low.
Home buyers can take advantage of borrowing costs that remain near historical lows.
2. Home sales have been inching up.
In many markets, more sales are being reported. Existing-home sales in October were above year-over-year levels for the first time in 12 months, according to the National Association of REALTORS®' latest report.
3. Buyers are getting more choices.
Home buyers are finally getting more selection in homes for-sale. Unsold inventory is 5.2 percent higher than a year ago, representing a 5.1 month supply at the current sales pace.
4. Foreclosures are falling.
In October, distressed home sales dropped into the single digits for the third month this year. Distressed sales, which include foreclosures and short sales, fell to 9 percent in October, compared to 14 percent a year ago, NAR reports.
5. Home prices are stabilizing.
The median existing-home price for all housing types in October was $208,300 - 5.5 percent above October 2013, according to NAR's latest report. It marks the 32nd consecutive month of year-over-year price gains.
Source: Melissa Dittmann Tracey, REALTOR® Magazine Daily News
via Sam Thompson, NorthPoint Mortgage--------------------------------------------------
Shared and taken by Henry Lion Oldie, Kharkov Ukaraine
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