A One-Dollar Pricing Mistake Just Cost a Home Seller Thousands

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The rules of pricing properties are changing, yet most agents continue to use the same pricing approaches that the industry did 50 years ago. Are you making this costly mistake on your listings? A constant topic of conversation on my company’s group coaching calls is how to price properties correctly. A few days ago, I

Americans’ Mortgages Are the Biggest, Ever

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The average size of a home loan has swelled to the biggest amount on record, according to the Mortgage Bankers Association’s survey, which dates back to 1990. The larger mortgage size not only reflects Americans purchasing pricier properties, but also shows they’re more leveraged now too, MarketWatch reports. The median mortgage size is now more

Most Consumers Are Wrong About Home Insurance

Most Consumers Are Wrong About Home Insurance

Fifty-six percent of consumers recently surveyed believe that a standard homeowner’s policy covers flood damage. But they’re mistaken, and their assumption could be a costly mistake. Educate Yourself Would you be able to explain the nuances of insurance to your clients? If not, you may want to make sure you study up on the topic

U.S. Senate Getting Tough On Pace Loans

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U.S. SENATE GETTING TOUGH ON PACE LOANS  Senator Tom Cotton (R-Arkansas) along with Senators Marco Rubio (R-Fl orida) and John Boozman (R-Arkansas) will introduce the Protecting Americans from Credit Exploitation (PACE) Act which requires disclosure for Property Assessed Clean Energy (PACE) loans that target low-income and elderly Americans with predatory home loans. Specifically, this bill

California pending home sales dial back, marking weakest February in three years

What Do Most HOA Fees Cover?

After a solid start to the year in closed escrow sales, low housing inventory, eroding affordability, and rising interest rates mildly pulled back pending sales on a year-over-year basis in February, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reports. In line with seasonal patterns, REALTORS® responding to C.A.R.’s February Market Pulse Survey** saw elevated market activity,

The Ax Falls On Hud

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 President Donald Trump proposed his budget for the 2018 fiscal year which would include a $6.2 billion cut to the U.S. Department of Housing and Urban Development. This cut represents an annual decrease of 13.2% and would allot $40.7 billion in gross discretionary funding for the agency. A report from the Office of Management and

Sales Increase in Danville Real Estate Market

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The number of home sales in the Danville market climbed 24.2% to 41 homes over the last 30 days, coming close to the 53.9 monthly average for the last 12 months. At the same time, close-by Oakland reported 218 home sales, the highest number from all the surrounding cities. Potential buyers should note that prices went up

Hot Bay Area Housing Market Cools Just a Bit

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Bay Area home sales sagged in December from a year earlier, but — continuing a nearly five-year trend — the median price of a single-family house continued to climb. For the nine-county region, the median price was $680,000 in December, up 3 percent from December 2015, according to CoreLogic, the real estate information service. Discounting