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In an unprecedented program, one of the nation’s largest mortgage investors is reaching around its servicers and engaging with Realtors directly in an effort to get more short sales closed. Traditionally, investors are neither seen nor heard in the short sale transaction. Through Fannie’s new Short Sale Assistance Desk, a direct connection between the investor [...]
Special Industry Broadcast Fannie Mae takes major steps to improve the short sale approval process for agents! Thursday, June 23 at 4:00 pm EDT With the recent launch of the Fannie Mae Short Sale Assistance Desk, agents now have a new resource to resolve issues that are slowing down – or stopping – their Fannie [...]
You probably already know that rentership is on the rise (and if you don’t, read this), but did you know that in more than 500 American cities, the percentage of homes for rent versus owner-occupied has increased? The question is: Is your city one of them? Some people look at this situation with pessimism. For [...]
The median income last year for real estate professionals associated with NAR has fallen to $34,100. That’s down 4.5% from 2009, according to a recent report by the National Association of Realtors. It’s enough to make one nostalgic for the golden years of the housing boom. Thousands of people gave up their day jobs to [...]
Tune in tomorrow at 10:45 am EDT to catch our CEO Alex Charfen live on CNBC’s Squawk on the Street. He’ll be discussing home ownership in America and the incredible opportunities for investors in today’s market.
According to the most recent Existing Home Sales Report from NAR, investors were responsible for 36% more transactions in October of 2010 than the previous year. Several factors could be the reason for increased investor confidence, including distressed properties offered at a discount and declining vacancy rates. Agents who can speak investors’ language are well [...]
Good news for investors: Fannie Mae recently reported that national vacancy rates for rental properties have steadily declined through 2010. Fannie also predicted an increase in home sales for 2011, and noted that distressed properties accounted for one-third of home sales in Q3 of 2010. Investors have a unique opportunity in today’s market to buy [...]
The Dallas Morning News recently reported that gross agent commission for Realtors has plummeted by 50 percent in the last five years. Meanwhile, only 49 percent of real estate investors closed with an agent in 2009. According to industry estimates, this could mean $18 billion in missed commissions is at stake. Establish your competitive edge [...]
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