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Archives » November, 2007

California’s October home sales slide 40%

Median resale home price falls 9.9%; housing starts off 28%
Thursday, November 29, 2007
Inman News
The rate of sales for single-family, detached resale homes plummeted 40.2 percent in California in October compared to the same month last year, while the median price dropped 9.9 percent the California Association of Realtors trade group reported Wednesday.
And the California […]

Read: California’s October home sales slide 40%

Home sales hit new low, prices drop

Biggest year-over-year plunge in home prices can’t revive housing market as sales pace falls to record low.
By Chris Isidore, CNNMoney.com senior writer
November 28 2007: 11:55 AM EST
 
NEW YORK (CNNMoney.com) — Sales of existing homes fell to a record low in October, as even the largest drop in home prices ever wasn’t enough to revive moribund […]

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How To Pay Down Debt Before You Buy A Home

It’s no secret that it’s harder today for home buyers to qualify for a mortgage than it was just six months ago and having a sizeable down payment is no longer enough. Before you talk to a Realtor, you need ensure your financial house is in order. The first place to start is […]

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What is the Multiple Listing Service or MLS?

The multiple listing service (MLS) is the National Association of Realtors® (NAR) computerized list of homes currently for sale. It is an exclusive tool, only available to the members of NAR. The MLS is the tool most Realtors® use to find homes for buyers. Realtors® search the MLS each day to locate properties that match […]

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Real estate commission rebate explained

What is a real estate rebate?
A real estate rebate simply means that the Realtor® will give the home buyer or seller a portion of their commission earned on the purchase or sale.

Which states prohibit real estate rebates?
Commission rebates are not legal in the following states: Alaska, Iowa, Kansas, Louisiana, Mississippi, Missouri, New […]

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Real Estate Agent Terminology Explained

 
What is a Realtor®?
The word Realtor® is a trademarked organization which identifies a real estate professional who is a member of the National Association of Realtors® and subscribes to its strict code of ethics.
What is a Listing Agent?
A listing agent is a real estate professional who helps home sellers prepare and market their home for […]

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