November 2016

Found 4 blog entries for November 2016.

The seasonally adjusted annual rate of 5.60 million is the highest rate since February 2007

The silver lining revealed in last month's National Association of Realtors existing home sales report has gotten a bit brighter thanks to would-be buyers coming out of hiding and taking advantage of a healthy autumn housing market.

In October, existing home sales rose 2.0 percentage points to a seasonally adjusted annual rate (SAAR) of 5.60 million — up from an upwardly revised 5.49 million in September.

October’s sales pace is 5.9 percentage points above October 2015 and blew past June’s pace of 5.57 million — which were the highest numbers seen since February 2007.

All regions experienced an uptick in sales, and distressed sales increased 1

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By Craig Donofrio | Nov 21, 2016   3-types-of-insurance-you-need

When you buy a home, you will be showered with offers to buy insurance—and not just one type, but many types. Such awesome deals! So which ones do you really need?

There are a few that are downright essential, and others are nice but not necessary. Furthermore, others are total rip-offs to avoid at all costs.

To help you differentiate among them all, here’s a rundown of the types of insurance you’ll likely encounter on your home-buying journey and a reality check on whether you need them.

Title insurance

Do you need it? Absolutely!

Normally, this isn’t even a question because it’s almost always mandatory when you’re getting a mortgage. But if you’re paying all-cash, you have the

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The numbers are in for 2016—selling your home with a REALTOR® could get you $60,000 more on your home sale. From the recently released 35th anniversary edition of the Profile of Home Buyers and Sellers report, homes sold with an agent or broker received a median of $245,000 in 2016 compared to the median selling price of $185,000 for For-Sale-By-Owner (FSBO) home sales. That number drops even lower to $168,300 when the FSBO seller knew the buyer, that’s $76,700 less than what sellers are getting with the help of a REALTOR®.

The top reasons that sellers decided to sell their homes without the assistance of an agent was that they did not want to pay a commission or fee (39 percent), they sold to a relative, friend or neighbor (33 percent), or the buyers

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Magic 8 Ball Alert: Housing Market Likely to Stay Strong for the Rest of 2016

By Jonathan Smoke | Nov 3, 2016 magic-eight-ball-housepepifoto/iStock; Amazon.com; realtor.com

Well, the initial reports are now complete for September, and we can see that the strong first half of the year for housing did not lose momentum as the kids went back to school and temperatures cooled.

The market is strong and seems poised to remain so for the rest of the year. However, the improving economy presents both opportunities and challenges for the months ahead.

Total home sales for this year through September are up 4% over the same period in 2015. Existing-home sales are up 3%, while new-home sales are up 13%.

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