Vacation Home Sales Soar
Vacation Home Sales Jump by 30% in 2013 According to the 2014 Investment and Vacation Home Buyers Survey by the National Association of Realtors, vacation home sales jumped dramatically in the last year or so. The survey reveals that vacation homes increased by almost 30% in 2013, their sales accounted for 13% of all real […]
Online Home Sales are Changing the Real Estate Business
It’s a fact that online sales in general have dominated the shopping experiences of many people, no matter what they are looking for. The real estate industry has seen a huge change in online home sales due to the ability to buy online. Before the days of the Internet, home buyers looked at papers for […]
Fixed Mortgage Rates Rise
Recently, fixed-rate mortgage rates moved up slightly higher. According to Freddie Mac, the average interest rate at the end of May/beginning of June was 4.12%. Last week, lenders offered 30-year loans at an average rate of 4.14%. The rise occurred during a week the market’s direction was very unclear. A year ago, the interest rate […]
Older Americans Facing Substantial Mortgage Debt
The Impact of Refinancing Trends on Older Homeowners A few decades ago, homeowners could retire without a mortgage. They could enjoy the golden years of their life. But the refinancing trend resulted in a great deal of mortgage debt. Many people also bought homes later in life, and this is another reason why retirees will […]
Flood Insurance Program Leaves Agents Confused and Flood Communities Heartbroken
Understanding the Problems with the National Flood Insurance Program The Federal government’s National Flood Insurance Program held a lot of promise but in the recent past, things seem to have gone horribly wrong. Now the highly anticipated changes that were expected to address the growing Program deficit have been delayed. For agents serving customers inhabiting […]
The Home Loan Process Simplified
Understanding the Home Loan Process Buying a home is an exciting time, but the process of actually getting the home loan can be frustrating for many buyers. Between the endless mounds of paperwork and the lack of control you feel, the Home loan process can be intricate and complicated. You can gain a sense of […]
A Refinancing Reality Check
Understanding Refinancing: Is It Right for You? Interest rates are dipping, engaging the attention of a lot of homeowners. Refinancing at this juncture is appealing to a lot of them. Yes, refinancing can save you a lot of money, provided you don’t get misled and adopt the wrong strategy. We advise you to keep the […]
What Skills are Associated with Big Data Scientists?
Skills of Big Data Scientists Why Big Data Skills Matter for Your Business With big data emerging as a necessity to survive in the current real estate marketplace, businesses are trying to understand the kind of skills associated with good big data professionals. However, only the bigger companies are spending on developing their own big […]
Reinsurance Rates: Progressive Downfall Stimulates Industry Changes
Reinsurance rates had started to dip last year and it seems the trend will continue . In recent months, the dip has been clearly visible, across the nation, with more insurance companies employing better, refined models. The Current Reinsurance Rates Trend Explained Insurance agents were expecting this trend to continue. The reasons have been somewhat […]
What Measures are Required to Encourage Private Insurers to Provide Flood Insurance?
Private insurers want to provide flood insurance. However, neither the political administration in the US nor the consumers seem to be interested in full-cost based insurance plans. Challenges of the National Flood Insurance Program (NFIP) The National Flood Insurance Program (NFIP) has run up a debt of $24 billion. This has forced taxpayers to demand […]