REAL ESTATE

By Inman News Feed

Fannie Mae and Ellie Mae: yay for purchase transactions

While the real estate market has experienced a strong surge in refinance transactions in recent years, an economist at government-sponsored enterprise Fannie Mae and the head of mortgage software provider Ellie Mae this week touted an increase in purchase mortgage applications in the past few months ...

READ MORE
Posted May. 22, 2015

REAL ESTATE

By Inman News Feed

Yield-driven investors expanding list of target markets

Yield-driven investors are expanding their list of target markets and acquiring more rental assets in secondary and tertiary cities. During the first quarter of 2015, more than $16 billion of multifamily product traded in secondary and tertiary markets, according to data firm Real Capital Analytics (RCA) ...

READ MORE
Posted May. 22, 2015

What's Your Home Worth?

The Zestimate (pronounced ZEST-ti-met, rhymes with estimate) home valuation is Zillow's estimated market value, computed using a proprietary formula. It is not an appraisal. It is a starting point in determining a home's value. The Zestimate is pulled from data; your real estate agent or appraiser physically inspects the home and takes special features, location, and market conditions into account. Variations in price also occur because of negotiating factors, closing costs, and timing of closing....

Provided by Zillow

REAL ESTATE

By Inman News Feed

Beware Fed Chairpersons speaking on Friday afternoons before long weekends!

Another week of anxious pencil-tapping in quiet markets, and one more holiday-short week ahead before events will conspire to move the herd. Long quiet, big move. A “data-dependent” Fed means more than ordinary waiting for data. If the Fed is waiting, too, then we’re really waiting. ...

READ MORE
Posted May. 22, 2015

MORE...