first time home buyers

Fannie Mae Survey Says Market Improving

The real estate market is continuing to improve

Evidence shows that foreclosures are continuing to decrease all across the nation. In January Fannie Mae did a survey to discover the National attitude regarding housing, the market and specifically buying and selling real estate.

While December numbers showed a slight rise in foreclosures and short sales, employment gained ground.  Confidence is growing in the consumer market. The majority of Americans feel now is the time to buy and to sell …

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Sixty-seven percent of American adults responding to Fannie Mae’s January National Housing Survey said now is a good time to buy a home, the company reported Monday, while 44 percent said now is a good time to sell. Both figures are up from December, when positive responses were at 64 percent and 40 percent, respectively.

Doug Duncan, SVP and chief economist at Fannie Mae, said the country’s current economic momentum played a role in January’s more upbeat views of the housing market.

“Consumers are as positive about their personal finances at the start of 2015 as they have been since we launched the National Housing Survey in 2010, and this optimism seems to be spilling over into housing market attitudes,” Duncan said. “These results are in line with lender optimism about future growth in their mortgage origination business, as shown in our Mortgage Lender Sentiment Survey.”

The share of respondents in Fannie Mae’s survey who said their household income is “significantly higher” than it was a year ago climbed 4 percentage points to a survey high of 29 percent, the company reported. Looking ahead, 48 percent said they expect their finances to improve in the next year, also a survey high.Housing Market Improving

Overall, 44 percent of Americans said they believe the economy is on the right track, an increase of 3 percentage points and only a few points less than those saying the economy is headed the wrong way (49 percent).

That optimism spurred 66 percent of those surveyed to say they would buy a home if they had to move, a jump from 61 percent at the end of 2015. The share of those who would rent, meanwhile, slipped after three months of gains, falling to 29 percent.

“Overall, these are good signs to start off 2015 and are consistent with our expectation that strengthening employment and economic activity will boost the speed of the housing recovery,” Duncan said.

One thing that is sure to bolster this new confidence, is the spring market. Locally we are seeing an increase in listings and buyers, a relief after the severe slow down during November, December and January.

Tory Barringer, DS News

Americans’ Economic Optimism Spills Over into Housing

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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A Real Estate Broker

Real estate is a popular investment avenue. Currently there are a lot of people who invest in real estate. For some real estate is their primary job. They perform as real estate brokers, sales agents, buyers agents, investors, attorneys and still others who work mainly in the real estate industry. However, there are folks who just want to invest in real estate (as it is an attractive avenue for investment). For such people, getting a good real estate broker can make a big difference between a good deal and not-so-good one.

So how does one choose a good real estate broker?

The first thing to look for is the reputation of the real estate broker. A real estate broker who has good reputation would have earned it over a period of time by helping buyers get the property of their choice (and as per their needs), at the same time getting a good price for the property seller. In fact, experience is the second important thing to look for in a real estate broker. Bad real estate brokers can’t exist for long (since the bad news about anyone travels much faster than the good news). So experience is a good measure because you know that the real estate broker is still in business. Call your local Chamber of Commerce and the Better Business Bureau and ask if there have been any complaints made against the Broker. If the broker is a Realtor, contact the local multiple listing office to find out if there have been any complaints, charges or reprimands against them.

In speaking with the broker you will be able to assess their personality – are they helpful and willing to listen – or are they interested in telling you what you need? A good real estate broker will not act just as the salesperson for the seller (from whom the real estate broker is due to receive commission/fee when the deal materializes) but will also pay heed to the needs of the buyer.

They will normally have a lot of properties available for sale at any point in time. Brokers will generally have a small team of people working in an organized way to get the deal closed between a buyer and a seller (making both parties happy at the same time). Grouping the properties they have listed in a way that is easy to understand e.g. group them on the basis of location, price, house types etc. for the buyer allows the buyer an opportunity to consider different options than they may have originally thought about.

A good broker will also offer advice to the seller on small repairs or things that can help them to get an even better price for their property. Spending time with clients, a real estate broker will patiently listen to the requirements of the buyers and point them to the properties that best fit their requirements (instead of just showing them the list and asking them to review the ones they might be interested in viewing).

Checking with friends/family that have previously used the services of a good real estate broker is another way that can sometimes help you find a good real estate broker fairly quickly.

NewsGeni.us | The news source for sharper real estate agents …

One of the most powerful features of Twitter is its ability to find what people are saying about a topic. For real estate, this is a great tool and agents and homeowners alike can use it to find out the latest market statistics or news. See article» http://www.sfgate.com … PropertyMaps.com is a listing site that hopes its partnership with independent brokers around the country will lay the groundwork for a future national MLS built and owned by the brokers….

How to Find a One Percent Real Estate Broker – Tips For Buy Home Blog

Real estate brokers operate all across the United States. Some individuals operate on a national level, but most operate on.

TRULIA – Truly A Good Idea! | Your Atlanta Real Estate Agent

Trulia is a Real Estate site for consumers and realtors alike. Consumers can find properties and ask Real Estate related questions. Realtors can post blogs, post their listings and answer consumers questions.

Real Estate Investing: The Basics

In addition, you can find deals that simply would not exist in a booming economy. In fact, real estate investing can turn the tide for a poor economy. When the economy is not so good, short sales, bulk reo sales and virtual real estate …

 

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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Real estate agent

All about real estate agents

Real estate agents are professionals who help buyers find property and sellers sell property. In Montana some real estate agents also do rentals where they help tenants find rentals. In some cases real estate agents are also licensed property managers who maintain the property on the behalf of the landlords. The real estate agents are paid a commission for their services, but do not receive a salary from the brokerage they work with. Real estate agents generally calculate their fee as a percentage of the selling price. People, who want to list their property for sale, leave the details of their property with the real estate agent to market and sell the property, to arrange showings of the property and present all offers to the sellers. The buyers can find the property listed on line and contact their own agent (called a buyers agent) or can call the listing agent for details and access to the property. Providing information about the property to buyers and buyers agents is part of the marketing plan.

Home buyers use real estate agents when it is a sellers market so that they have a better chance of buying a home at a price they can afford. But buyers also use agents in a buyers market where the competition is stiff and making the right offer the first time wins the bid. Agents with experience can guide buyers through the process to help them achieve their goal.

Many agents have mastered the art of negotiation and this can benefit both buyers and sellers when it comes to getting what they want out of the transaction. A seller can often get the best price for his/her property by using the advice received from an experienced real estate agent. An agent will also analyze the needs of a home buyer and show them homes available within their budget. Real estate agents will discuss their needs and make a suggestions.

A licensed Realtor is required to taking ongoing education classes every year to represent you with the sale of your home. They are required to know the local and state laws concerning the transaction whether they are representing you as the seller or the buyer or both (dual agent).

Agents work with lenders, banks, title companies, home inspectors and a host of support business and all of this networking and relationship building works for you to ensure that your sale, your purchase is handled legally and timely.

These are just many of the reasons for staying away from the pitfalls that “FSBOs” [For Sale By Owner]  have found themselves in after a sale which has ended up costing them money they did not expect to pay.

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© 2018 BHH Affiliates, LLC. Real Estate Brokerage Services are offered through the network member franchisees of BHH Affiliates, LLC. Most franchisees are independently owned and operated. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc ®. Equal Housing Opportunity. Privacy Policy Sherry Fields 1020 South Ave. W., Missoula, MT 59801 | Phone: (406) 207-8448 | Email: Sherry.Fields@bhhsmt.com
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