Short market time for listings in November

During the month of November in 2013, homes went into escrow or backup status rapidly–indicating that homebuyers are moving a little faster in the fall of 2013. According to Redfin in their recent Real-Time Fastest Markets report, 27.2% homes in 23 US metros went under contract within two weeks of being listed in the month …

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Home purchases now made primarily by current homeowners

According to an article on DSNews.com, investors are no longer buying as much of the real estate inventory–but instead, current homeowners are. HousePulse attributes this change to the rising home prices and decrease in distressed inventory; home purchases from investors are now at 19.7 percent, down from 23.1 percent. First-time homebuyers had just a slight …

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Flipping on the Rise in Most Markets as Profits Skyrocket

“Single-family home flipping is on the rise as flippers see growing profits from their endeavors in most markets, according to a report released by RealtyTrac. The volume of house flipping increased 19 percent from the first half of this year to the first half of last year, according to RealtyTrac. At the same time, profits …

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Free Financial Training Through Freddie Mac

¬†Freddie Mac announced it is now offering a free, online CreditSmart tutorial to provide working families and new or inexperienced borrowers with basic sound information about building savings, personal credit, and making wise financial choices… …The online tutorial offers individual modules on banking, budgeting household income, building personal savings and credit, understanding credit scores, avoiding …

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