Author: RT

Among Top Home Buyer Challenges for 2017, Rising Mortgage Rates Are Dampening First-Time Buyer Plans for Spring

Fall housing trends set the stage for record low inventory, increasing home prices, and fierce competition among buyers in spring New data from realtor.com®, a leading online real estate destination operated by News Corp [NASDAQ: NWS, NWSA] [ASX: NWS, NWSLV] subsidiary Move, Inc., suggests that the share of first-time buyers planning to buy in spring 2017 fell sharply when mortgage rates began to rise at the end of last year, dropping by as much as 10 percent since last October. At the same time, record low inventory levels, higher prices and heavy buyer competition is creating more urgency for...

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ShowingTime Signs Definitive Agreement to Acquire Showing Suite

Complementary Products Will Provide Synergistic Benefits for Customers ShowingTime, the residential real estate industry’s leading showing management and market reporting technology provider, announced today during Inman Connect in New York that it signed a definitive agreement to acquire San Diego-based Showing Suite. Showing Suite’s complementary product offering, which includes MLS, broker and agent products, is used extensively across North America and includes 16 MLS-wide agreements representing more than 100,000 members. Its products will be combined with ShowingTime’s family of products and services, which are used by 155+ MLSs representing more than 750,000 members. “For years we’ve seen a synergistic...

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Dallas Cowboys and CENTURY 21 Judge Fite Company Extend Partnership as “Official Real Estate Company”

CENTURY 21 Judge Fite Company is pleased to announce that they will continue their partnership as the Official Real Estate Company of the Dallas Cowboys. The two companies recently renewed their tenured partnership with great enthusiasm. “The partnership continues to be successful because our two companies share mutual respect for Dallas/Fort Worth. We believe in cultivating a progressive city, full of opportunities for people to live for generations to come,” said Jim Fite, President and Chief Executive Officer of CENTURY 21 Judge Fite Company. “We will continue our promise to provide turn-key real estate services with 21 offices and...

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Home Values Rise at Fastest Pace Since 2006

The median home value in the U.S. is now $192,500, according to Zillow’s November Real Estate Market Report, just 2 percent shy of 2007 peak. – Home values rose 6.5 percent over the past year to a Zillow Home Value Index (ZHVI) of $192,500 in November. – Home values appreciated at their fastest annual pace since August 2006, near the peak of the housing bubble. – Rents rose 1.5 percent over the past year to a Zillow Rent Index (ZRI) of $1,403 per month. In November, national home values rose at their fastest annual pace since 2006, near the...

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HomeUnion Names the Highest-Yielding Investment Housing Markets

Cleveland offers real estate investors the highest yields, while Orange County has the lowest yields HomeUnion, an online real estate investment management firm, has released a list of the single-family rental (SFR) rental markets that offer investors the highest yields. Cleveland leads the nation, with first-year yields of 10.9 percent for investment housing, while Orange County offers the lowest yields on average to SFR investors – 3 percent. “Strictly based on yields, and not accounting for employment growth and future rental demand, Cleveland, Columbia, S.C., and Memphis top our list of SFR markets for returns,” says Steve Hovland, director...

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