Naperville Homes For Sale
*Ranking Naperville's Top Homes For Sale       
     
* Homes Sales and Market Reports
  • Home
  • Naperville Townhomes For Sale
  • Downtown Naperville Homes For Sale
  • Real Estate News and Notes
  • Landing Page

Noteworthy Real Estate News

7/13/2013

2 Comments

 
"Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk."
~Armstrong Williams

Homebuyers Cast Wary Eye On Rising Rates by Conor Dougherty WSJ July 10 -2013 

July 10 -2013 Rising mortgage rates are the biggest worry for prospective home buyers—bigger than rising prices and the lack of available choices, according to a survey released today by Trulia, an online real estate site.

Still, the survey suggested that rates—which remain below 5%—aren’t likely to be a deterrent to home buyers just yet.

Mortgage rates have jumped in recent weeks, creating concerns that the rebounding real-estate market could lose steam. A separate survey released Wednesday from the Mortgage Bankers Association showed that interest rates for a 30-year fixed mortgage rose to 4.68% last week—the highest rate in two years and up from 4.58% a week earlier.

While prospective homeowners may be concerned about rising rates, they shouldn’t be surprised, Trulia Chief Economist Jed Kolko notes in a blog post about mortgage rates. Economists have been expecting rates to increase because the economy is improving and market expectations that the Federal Reserve will ease up on bond buying and other extraordinary measures designed to keep interest rates low.   . . . KEEP READING




Why Home-Price Gains Will Slow Among Higher Interest Rates by Nick Timaroas WSJ July 8th 2013

Home prices moved up at a torrid pace during the first half of the year, but don’t expect them to keep pace during the second half.

The big spike in mortgage rates over the past two months has reset the housing market and figures to take a bite out of demand at a time when more sellers have listed homes for sale and when price gains have tested investors’ purchasing appetites.

Mortgage rates, which stood at a low of 3.59% at the beginning of May, jumped to 4.58% during the last week of June, according to the Mortgage Bankers Association. Rates rose even more last Friday, after a strong jobs report firmed up investors’ expectations that the Federal Reserve would begin to curtail its bond-buying program later this year.

A rule of thumb holds that every one percentage point increase in interest rates reduces affordability by 10%, so the recent move in rates just made homes about 10% more expensive to buyers who need to finance their purchase.

“There’s no one in the business right now who doesn’t think the market hasn’t taken a step back. The evidence is all around us,” said Glenn Kelman, chief executive of real-estate brokerage Redfin. The number of Redfin customers who requested tours during the last week of June was down 5% from the average for the previous three weeks, while the number of customers making offers was down by 8% and the number of new customers edged down by 2%. . . . KEEP READING


Interoperability between Trulia, Zillow, and Realtor.com by Andrew Thompson july 11 2013

During Inman Real Estate Connect San Francisco’s session titled "The Industry Destiny: Imagine Your Industry Destiny in 2018", an adversarial panel took the stage to discuss future trends within the real estate industry.

The panel included Redfin’s CEO, Trulia’s CEO, Zillow’s COO, Realtor.com’s President and Forbes Media’s Senior Real Estate Reporter.

One such trend was the need for each online real estate software platform to work together more effectively through the use of established open APIs in order to exchange relevant data about a user’s context. User personalization and more intelligent recommendations were the driving force behind this view point.

Each company identified the need to pass information back and forth between each other to facilitate a better understanding of a user’s current needs and determine where they are within the home buying or selling process.

For example, if a home buyer started their search on www.zillow.com and then switched to www.trulia.com, Trulia should be able to ask Zillow, via their open API, for relevant data related to what type of homes they might be interested in, how many homes they have already viewed or what agents they have contacted. . . . KEEP READING 

2 Comments
real estate cold calling link
2/4/2020 12:53:40 am

Rising the rates even the small houses will bring inflation this field. I noted down the tips which have been shared by you. Thanks for sharing very interesting news with us and I am thinking to have better results by following this plan.

Reply
ilender.co.nz link
2/24/2021 08:34:52 am

Home buyers and sharing us more real estate for effective techniques as well, the more techniques always, thanks. I am very happy to find here the home buying updates.

Reply



Leave a Reply.

    Author

    Brandon Johnson

    I'm a web-designer and digital marketing consulant with a passion for real estate; not a realtor, so if any of these properties interest you please contact the linked listing agent. Thanks! ..and enjoy.

    Archives

    August 2013
    July 2013

    Categories

    All
    August 2013

    RSS Feed

* These are simply our favorite listings after searching all the available Naperville properties for sale. If you would like to suggest an addition to our front page OR if you would like your property removed from our page simply email me and I will be happy to oblige.  I will also accept advertising requests and Bids to purchase the site. 
Proudly powered by Weebly