Freddie Sees House Prices Down Slightly in Q110

May 27, 2010

Home prices declined 1.1% in Q110 compared to the same quarter one year ago, according to purchase-only edition of Freddie Mac’s Conventional Mortgage Home Price Index (CMHPI). Compared to Q409, prices are down 2.1%.

However, despite the declines, prices in some regions of the country are still above 2005 levels.

The purchase-only CMHPI includes property values based on home purchases with a conventional mortgage purchased by Freddie Mac or Fannie Mae by April 30, 2010. The 2.1% decline compares to the 3.2% price decline in the Standard & Poor’s (S&P)/Case-Shiller HPI and the 3% decline in the Federal Housing Finance Agency (FHFA) HPI….read more


Think housing is recovering? Think again.

May 27, 2010

(Fortune) — Americans purchased homes at a surprising clip in April, but don’t let that fool you into thinking the housing market is back.

Although economists were expecting a month-over-month increase of 5.5%, the National Association of Realtors reported yesterday that sales of previously owned homes rose an unexpected 7.6%. That continued a yearlong rise in housing activity and marked the highest number of sales recorded since November of last year.

Read more….here


Offer Runway

May 26, 2010

Would you like to know how to pickup new escrows with very little work? We use a system called www.OfferRunway.com and there is a setting on each listing that an agent can choose to send the selling agents contact information to a title officer when a selling agent places an offer.

Imagine a selling agent placing an offer on a property for an agent working with you and they enter their offer online through www.OfferRunway.com

Now imagine that contact information of the selling agent coming directly to your email or Black Berry. This is now a hot offer without an escrow open. What would you do with that contact information for that selling agent? We have a title company pushing this system to other agents at no cost when it normally costs the agent $20/mth. Also there is an affiliate program that pays to a code when agents order this and a residual for as long as they use it. Interested? Pickup hot new escrows and get paid for the agent’s participation?

STEP 1: Adding a new property and scroll down to settings

STEP 2 (optional) setting for additional instructions to Buyer’s agent

STEP 3: This is the most important step. Require your listing agents to place your email in the setting below and check the box. This will send the buyer’s agent info the moment they place an offer directly to the email listed. This is best used for loan officers and escrow officers