The J.D. Power and Associates(R) 2006 New-Home Builder Customer Satisfaction Study ranked Pulte Homes, Inc. highest in customer satisfaction in 14 markets. It’s the seventh straight year that Pulte Homes has received the most top-three awards in the survey. Pulte Homes’ Del Webb brand was also recognized as the highest-rated among the largest active adult [...]
Someone forgot to tell Utah that we are experiencing a downward trend in real estate. The state continues to enjoy a boom due in large part to out of state investors. Throughout the summer months, the median sales price of homes were around $194,000, up from a sales price of $164,500, noted during the same [...]
ZipRealty has been tracking the climbing housing inventories in several cities across the U.S. In some places such as Phoenix, the inventories have nearly quadrupled over a 12-month period—from 11,656 in July, 2005, to 42,449 homes last July. In Miami, inventories have increased three fold and a lack of buyers, driven out of Miami by [...]
BusinessWeekOnline recently listd the top 10 Least & Most Expensive Metro Areas in the U.S. Just to put things in perspective, the average U.S. median house price is approximately $230,000. Here’s how it breaks down from coast to coast: 2 bedroom/1 bath in Danville, IL: $72,000 5 bedroom/2 bath in Elmira NY: $77,100 4 bedroom/1 [...]
The NAR recently field a friend-of-the-court brief with the Supreme Court arguing that national banks that issue mortgage loans should be regulated under state laws. Their brief argues that “allowing national banks to make mortgage loans without being subject to state banking laws puts smaller mortgage brokers at a competitive disadvantage”. Opponents say the NAR’s [...]
Forbes and Moody’s Economy.com have teamed up to provide their estimates on where they think 15 metro real estate markets will go in the next 10 years. The estimates are based on the median price of existing single family homes and are provided by Moody’s Economy.com. City \ 2Q 2006 Price \ Projected 2Q 2016 [...]
The National Association of Hispanic Real Estate Professionals (NAHREP) will hold its 2006 Hispanic Marketing Convention & Expo at the Bally’s Las Vegas on November 2-5, 2006. The event features workshops, town-hall meetings and a trade show expo that will update practitioners on the latest products and services best suited for the 2.2 million Hispanic [...]
Utah was recently ranked tenth for price appreciation, but the good news may be short lived as signs that the Utah market may be hitting its peak are showing. The U.S. Office of Federal Housing Enterprise Oversight released data this week that showed housing prices across Utah rose an average 15.17% in the three months [...]
Remember the old Mary Hopkins song, “Those were the Days”? Those were the days, my friend/We thought they’d never end/We’d sing and dance forever and a day/ We’d live the life we’d choose/We’d fight and never lose/For we were young and sure to have our way… We’ll there isn’t much singing and dancing going on [...]
Yesterday, Freddie Mac announced that mortgage rates continued to fall. For the week ending August 31, the 30-year fixed mortgage rate was 6.44%, down from 6.48% a week earlier. Fees and points remain unchanged. A year ago, the 30-year fixed-rate mortgage averaged 5.71%. The average for 15-year fixed-rate mortgages was 6.14%, down from 6.18%. Fees [...]