With today’s ever changing real estate environment it’s important for Realtors® to stay abreast of technology to ensure that they are offering their sellers maximum exposure.
List with us today. We will sell yours too!
Put our over 30 years of real estate and escrow
experience in your area to work for you.
Call today for a FREE market analysis!
Mortgage lending is contracting to levels not seen since 1997 as rising interest rates and home prices drive away borrowers.
Wells Fargo & Co. and JPMorgan Chase & Co., the two largest U.S. mortgage lenders, reported a first-quarter plunge in loan volumes that's part of an industrywide drop off................
Lending has been tumbling since mid-2013 when mortgage rates jumped about a percentage point after the Federal Reserve said it might taper stimulus spending. A surge in all-cash purchases to more than 40% has kept housing prices rising, squeezing more Americans out of the market. That will help push lending down further this year, according to the association.
Prices for single-family homes rose in fewer areas in the fourth quarter, with 73 percent of U.S. cities experiencing gains compared with 88 percent in the previous three months, according to the National Association of Realtors.
Higher values will make it harder for banks to find qualified borrowers this year.
“We’re going to have a small market,” JPMorgan’s Lake said on an April 11 conference call. http://www.bloomberg.com/news/2014-04-14/lending-plunges-to-17-year-low-as-rates-curtail-borrowing.html
Featured Listing YouTube Video
11630 N Lady Dove, Prescott Valley AZ 86315
If your home is currently listed with another agent, this is not a solicitation to change realtors.
Want to see Sold Properties to find out where your home values are heading? See what homes are actually selling for before you buy? Any time you are searching using the live MLS link above, click on the LOGIN button and sign up for a FREE Account. Let me know the area you are interested in and I will send you a link which provides access to all of the MLS sold properties in that area!