08 Aug 2019
By 24hr Mortgage

How To Find Motivated Sellers In Your Real Estate Market

Real Estate, ,
Bargains in real estate may come from identifying motivated sellers who are willing to let a property go for less than it is really worth. Real estate investors who acquire properties at a discount from current market value enhance their success by increasing their profit potential. Real estate agents who list properties owned by motivated sellers increase their chances to sell a property quickly and have happy sellers who might refer them in the future. Here are some tips on how to find motivated sellers: Distressed Discounts A property that lists for a long time and then the listing shows…
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07 Aug 2019
By 24hr Mortgage

New York Penthouse Sells For $238 Million – Is This A Real Estate Bubble About To Burst?

Real Estate, ,
The most expensive home sold in America, so far, was a New York penthouse that sold for $238 million in January 2019. It is on the top of a building that overlooks Central Park. The 26-story luxury condo building designed by Robert A. M Stern is nearly all sold out. Who Has That Kind Of Money? The proud buyer of the penthouse is Ken Griffin. His net worth is estimated to be $9.6 billion. He is the founder of the Citadel hedge fund. Griffin is 50 years old. A few days before buying the NYC penthouse, he closed on a…
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06 Aug 2019
By 24hr Mortgage

Fed Lowers Key Interest Rate For First Time Since Great Recession

Federal Reserve, ,
The Federal Open Market Committee of the Federal Reserve announced the first rate cut to its key interest rate range since the Great Recession ushered in a series of rate cuts described as "quantitative easing." The Fed committee confirmed a quarter-point cut to 2.00 to 2.25 percent. Fed Chair Jerome Powell described the rate cut as a "mid-cycle adjustment" intended as a one-time boost for the economy. Mr. Powell said he did not view the cut as the first in a series of quantitative easing moves, but analysts said single rate cuts are not common. The FOMC post-meeting statement said…
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05 Aug 2019
By 24hr Mortgage

What’s Ahead For Mortgage Rates This Week – August 5th, 2019

Financial Reports, ,
Last week's economic news included readings from Case-Shiller on home prices, pending home sales, construction spending and a post-meeting statement from the Federal Open Market Committee of the Federal Reserve. Consumer sentiment was released along with Commerce Department reports on public and private sector job growth and the national unemployment rate. Weekly readings on mortgage rates and new jobless claims. Home Price Growth Slows in May The Case-Shiller National Home price Index showed slower home price growth in May; this was the 14th consecutive month of slower growth in national home prices and the lowest reading for home price growth…
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02 Aug 2019
By 24hr Mortgage

Why Do People Stage Homes To Sell?

Real Estate, ,
If you're selling your home, your real estate agent has likely advised you to stage your home to sell. But why exactly do people stage homes to sell? Some people go to great lengths to stage their home too, even going so far as moving possessions into storage units or renting furnishings! If your home is already nicely decorated, why should you go to the added trouble of "staging" it? There are many good reasons to stage your home to sell. 1. Staging Makes Your Home Appear More Spacious Having lived in your home for a number of years, you…
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01 Aug 2019
By 24hr Mortgage

Case-Shiller: Home Prices Growth Slows in March

Market Outlook, ,
Home price growth slowed again in May according to Case-Shiller home price indices. Home price growth slowed for the 14th consecutive month to its lowest rate in 12 years. Case-Shiller's National Home Price Index showed 3.40 percent growth year-over-year in May as compared to April's year-over-year reading of 3.50 percent. Las Vegas, Nevada held its first place position in the 20-City Home Price Index for highest year-over-year home price growth rate at 6.40 percent; Phoenix, Arizona held second place with a year-over-year home price growth reading of 5.70 percent. Tampa, Florida home prices grew by 5.10 percent year-over-year in May.…
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