Real Estate, Updates, News & Tips - iPro Real Estate
iPro Real Estate

iPro Real Estate

Where Homes Sold the Fastest This Winter

Homes across the country are selling faster than they were a year ago. Nationwide, properties stayed on the market for an average of 52 days in December, down from a 58-day average a year ago, the National Association of REALTORS® reported in its latest housing report Tuesday. Thirty-seven percent of homes sold in December were on the market for less than a month.The following five metro areas had listings that stayed on the market the shortest

Read More

Ben Carson Confirmed as HUD Secretary

Ben Carson, a retired neurosurgeon, will step in as the new secretary of the Department of Housing and Urban Development. A Senate committee unanimously approved President Donald Trump’s choice of Carson for the top HUD spot on Tuesday. Carson will replace Julián Castro, who has served in the position since July 2014.Carson “has a brilliant mind and is passionate about strengthening communities and families within those communities,” Presi

Read More

Wells Fargo Settles On Mortgage Overcharges

Lending giant Wells Fargo is settling charges that it overcharged borrowers for broker’s price opinions. Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005, and July 1, 2010, may be eligible to receive portions of a $50 million settlement.Wells Fargo was accused of charging certain borrowers between $95 to $125 for BPOs. The typical cost is $50 or less. Borrowers who paid the elevated price for the BPO may be eligible to r

Read More

First-Time Buyers Face More Tough Times

Many first-time buyers are starting to feel like they just can’t catch a break. The continued limited inventories of homes for sale in the entry-level market and a number of other factors are pressing harder on first-timers who are trying to break in to home ownership.“Constrained inventory in many areas and climbing rents, home prices, and mortgage rates means it’s not getting any easier to be a first-time buyer,” says Lawrence Yun, the

Read More

Quartz Pushes Granite Countertops Out

Granite is falling out of favor with homeowners. The engineered stone of quartz instead is displacing the long-reigning granite as the top-choice for kitchen countertops.“About 75 percent of our clients are opting for quartz over granite,” Bill Millholland, executive vice president of the design-build firm Case, told The Washington Post. “More people want a contemporary aesthetic in the kitchen, and the clean look of quartz goes with that.

Read More

REALTORS: 5 Savvy Negotiating Tips to Share with Buyers

Anyone buying a property wants to get the best price. A smart offer can not only help successfully close the deal, but it can also earn you the gratitude and loyalty of your clients by saving them thousands of dollars, both upfront and over the life of a mortgage.Here are five tips to put your home buyer in a better negotiating position:1. Explain how to read the market.2017 is likely to remain a seller’s market for the most part, though buyers

Read More

When Should Buyers Lock in a Mortgage Rate?

A rate lock helps protect your buyers from fluctuating mortgage rates as they’re getting ready to buy a home. It locks in the interest rate for a loan for a certain period of time until the buyer makes it to closing. Your buyers will know what to expect and won’t then fall mercy to a week of rising rates, for example. However, if rates dip, they could get stuck paying a higher rate too. So it can be a catch-22.Here is when your buyers likely

Read More

STUDY: January, February Great for Buying

For home buyers hoping to snag a deal, they may want to make a move now. Home prices in January usually decrease compared to the spring and summer buying season.There’s plenty of research to back that up too. NerdWallet recently crunched two years of realtor.com® data that reflected the 50 largest U.S. metros. Researchers found that January and February were the top months for those looking to get a bargain. In those months, home sales prices

Read More

Architects Give Home Design a Bold New Spin

Some architects worldwide are building a select few homes that can rotate, allowing for a change of interior views from a room throughout the day or programming a home to follow the direction of the sun to help maintain inside temperatures.In New South Wales, Australia, the Everingham Rotating House is an 5,812-square-foot, octagonally shaped home that can rotate 360 degrees. It sits on a diameter steel platform that allows for it to turn in both

Read More

2016 Marked Best Year for Sales in a Decade

Existing-home sales finished out 2016 as the best year since the housing boom days, the National Association of REALTORS® reported Tuesday.Total existing-home sales – which are completed transactions that include single-family homes, townhomes, condos, and co-ops – closed 2016 at 5.45 million sales, surpassing 2015 (5.25 million). It was the highest total for existing-home sales since 2006 (6.48 million), NAR reported.“Solid job creation t

Read More