CNN Money: Housing Market Hot Again

Wage growth remains sluggish. The stock market continues to be volatile. Target, Macy’s and many other big retailers are struggling — and the recent spike in oil prices could further dent consumer spending.

 But there is one part of the economy that is undeniably strong — the housing market.

New home sales hit their highest level since 2008 in April. Yes, 2008. The year the housing market, Wall Street and the entire U.S. economy went to you know what in a hand basket.

And home prices hit a record high.

Big homebuilder stocks Pulte (PHM) and KB Home (KBH) both rallied on the home sales news. And they are beating the broader market this year.

Shares of home price tracker Zillow (Z) — aka the web site you go to voyeuristically see what your neighbor’s home might be worth — are up more than 20% this year as well.

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Source:  CNN Money

NY Times: Five Things to Remember Before You Renovate

Source:  nytimes.com “Five Things to Remember Before Renovating” May 29, 2015

• Make sure you know your building’s alteration rules, including what and when you’re allowed to renovate.

• Find an architect and contractor that you really like: You’ll be seeing a lot of them.

• How long will it take? Probably longer than you think: Add a few months for the inevitable delays involved in securing approvals from your building’s board and the Department of Buildings. And be sure to set clear deadlines; keep your contractor motivated by tying payments to progress.

• Pacify the neighbors: Do everything possible to keep them (and your building’s superintendent) happy. Share contact information for emergencies, as well as progress updates, and offer gifts — both before and after you begin work.

• Expect the unexpected: Unforeseen happenings, from out-of-stock materials to hidden problems inside your walls, are par for the course.

InFoPaK Real Estate Brochure and Flyer Boxes

InFoPaK Outdoor Flyer Box

Spring is here and the home buying season is starting to sizzle.  Do not be left unprepared.  Real Estate Info Box .com is the number choice for real estate proffessionals across the country when it comes purchasing InFoPaK flyer boxes.

InFoPaK Flyer Boxes can hold up to 200 pieces of paper and can attach to any type of real estate sign or even fencing.

Plus you get free UPS Ground Shipping in the continental United States.

 

Real Estate Agent & Mortgage Broker Co-Marketing

Real Estate Brochure Boxes are an essential ingredient for promoting homes and property. They are a great way to advertise your listing and your services. Anytime you can have someone read an advertisement about yourself or point them to your website is a golden opportunity.

Smart real estate professionals take every opportunity to show your customers that you are using every promotional tool at your disposal.

Don’t pay full cost for flyer boxes anymore. Chances are you or your company is already teamed up with a local mortgage broker or bank. Make an agreement with them to equally share the cost of brochure boxes and printing of sales flyers.

RESPA does not prevent joint advertising between two settlement service providers, such as a mortgage banker and a real estate broker advertising their services on the same brochure or newspaper ad. However, each advertising party must pay for his share on a proportionate basis.

So if a real estate broker equally shares ad space with a title company, each party must pay 50 percent of the ad cost. Paying more than the pro-rata share can be considered by the Department of Housing and Urban Development (HUD) as “accepting a thing of value” for the referral of business, which is a violation of RESPA’s Section 8 anti-kickback provision.

Source: www.realtor.org/government_affairs/respa/marketing

Format one side of the sales flyer with information about the listing, yourself and your company. On the reverse side, have the mortgage broker or bank format their information.

Both you and the mortgage professional benefit from increased exposure and reduced expense, while the consumer benefits from the 
convenience of having the information they need in their hands.

Bringing in a co-marketer to share the expense is the easy and intelligent way to keep your marketing budget under control.

Note: Do a double check of RESPA and state laws as they do change from time to time before proceeding with a co-marketing agreement.

NY Times: Foreclosure to Home Free, as 5-Year Clock Expires

There are tens of thousands of homeowners who have missed more than five years of mortgage payments, many of them clustered in states likeFloridaNew Jersey and New York, where lenders must get judges to sign off on foreclosures.

CNBC: Mortgage applications surge on spring demand

Despite volatility in interest rates, mortgage applications moved decidedly higher last week, continuing their strong stride into spring.

Total volume increased 4.6 percent sequentially, on a seasonally adjusted basis for the week ending March 27th, according to the Mortgage Bankers Association (MBA).

“This week’s mortgage application survey falls right into line with recent indications that home sales – new, existing and pending – are on the rise, as is consumer sentiment,” said Lynn Fisher, MBA’s Vice President of research and economics.”

Source:  www.cnbc.com  – To read the entire article please click here >>>>

Historic English Mansion

To view article and photos please visit click >>>>

Once home to race car driver Malcolm Campbell, this eight-bedroom 18th-century home in Headley, south England, is on sale as a whole for the first time since the 1950s. —Javier Espinoza

Source:  The Wall Street Journal – June 04, 2014