Neil’s Buyer/Seller Posts

Tight Inventory of Homes to Buy Leads to Dip in Home Sales

Existing home sales dropped a bit in January, but properties were still selling at a brisker pace than they were a year ago, data from the NATIONAL ASSOCIATION OF REALTORS® show as tight inventory of homes to buy Leads to dip in home sales. The housing market got off to a somewhat disappointing start to […]

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Tight Inventory of Homes to Buy Leads to Dip in Home Sales

Existing home sales dropped a bit in January, but properties were still selling at a brisker pace than they were a year ago, data from the NATIONAL ASSOCIATION OF REALTORS® show as tight inventory of homes to buy Leads to dip in home sales. The housing market got off to a somewhat disappointing start to

Tight Inventory of Homes to Buy Leads to Dip in Home Sales Read More »

Available Options When Your Mortgage Lender Says No

The fine print in the new rules created some exemptions that you can use to try again if you don’t meet one or two of the eight qualified mortgage checks, or if you want to go with a loan product that the rules discourage lenders from making. 1. Your State Housing Finance Authority State Housing

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Pending Home Sales Swell to Highest Level in a Year and a Half

A rise in home purchase contracts and relatively low inventory bodes well for sellers heading into the spring market as pending home sales swell. Improved buyer demand at the beginning of 2015 pushed pending home sales in January to their highest level since August 2013, according to the NATIONAL ASSOCIATION OF REALTORS®. All major regions

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Which States Offer Sales Tax Holiday for Energy-Efficiency, Hurricane Products?

Time your home energy-efficiency improvements or hurricane preparation purchases right and you can avoid paying state sales tax. At least a half-dozen states offer tax breaks to homeowners who purchase energy-efficient appliances, water-efficient products, or hurricane preparation supplies. Alabama’s sales tax holiday When: Feb. 20-22 What: Exempts hurricane preparedness products from sales tax. You can

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Good News! Home Prices Rose 5.8% in 2014

For 2014, the national median existing home price hit its highest level since 2007: $208,500. The median price also represents a 5.8% increase from 2013 ($197,100), data from the NATIONAL ASSOCIATION OF REALTORS® show. Meanwhile, the number of home sales for the year declined 3.1%. But despite low levels of properties for sale in many

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Fewer Investors in Housing Market Good News for First-Time Buyers

First-time homebuyers may face less competition in the fall housing market as investors retreated from the market in August, data from the NATIONAL ASSOCIATON OF REALTORS® show. Recent home sales activity remains stronger than earlier in the year, but fell last month as investors stepped away, says NAR Chief Economist Lawrence Yun. “There was a

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