1.International Home Buyers Continue to Invest in Profitable U.S. Market
“Favorable exchange rates, affordable home prices and rising affluence abroad continue to drive international buyers to the U.S. to purchase properties and make real estate investments.”
2.5 states with the most (and fewest) foreclosures
“There were 47,000 completed foreclosures nationally in May, down from 52,000 a year ago, which is a drop of 9.4%. But if you look at the month-over-month numbers from just April to May, completed foreclosures were up by 3.8%, according to mortgage-data firm CoreLogic. This is still more than double the amount of foreclosures that typically took place before the housing market crash in 2007: Completed foreclosures averaged 21,000 per month nationwide between 2000 and 2006. ”
3.To win a house bidding war, get creative
“You’ll want to do the basics: Make sure you have your financing in place, turning in all your loan paperwork before placing an offer, said Gibran Nicholas, Chairman of CMPS Institute, an organization that trains and certifies mortgage bankers and brokers. Better yet, if you have the means, you’ll really catch a buyer’s attention if you make an all-cash offer. ”
4.Florida leads nation in international real estate sales
“Florida again topped the nation as the state of choice among international real estate buyers, capturing 23 percent of sales transactions, according to the National Association of Realtors.”
5.Market draws an influx of real estate agents
“Thomas Arbuckle started a landscaping business while studying marketing at USF Sarasota-Manatee, but to supplement his income, he decided to earn a real estate license. After joining Coldwell Banker Residential Real Estate last year, he has been so busy that he sold the landscape business to focus exclusively on selling real estate”
6.Say hello to U.S. economy’s newest bubble
“Call it irrational exuberance, part two. Like old man river, the stock market just keeps rolling along. Last week it was Dow 17,000. Will this week see the market go even higher?”
7.Foreign real estate buying hits record $92 billion
“Overseas buyers scooped up $92.2 billion of U.S. real-estate last year, driven mainly by wealthy Chinese looking for a safe haven for their families and fortunes. ”
8.U.S. economic confidence stuck at the so-so level
“A measurement of American’s economic confidence has remained stuck at the same so-so level for the past three weeks, according to Gallup Inc.”
9.47,000 completed foreclosures in May
“There were about 47,000 completed foreclosures nationally in May, down from approximately 52,000 in May 2013, a year-over-year decrease of 9.4 percent, according to a new report Tuesday from financial information company CoreLogic Inc. (NYSE: CLGX) of Irvine”
10.Three Negotiating Mistakes Sellers Make
“When you list your home for sale, you may think you’ve priced it right, staged it beautifully, and timed the market for a quick sale.”
11.Why the US real estate sector needs a really big boost
“Key economic releases this week could impact your ETF investments”