01 Jul 2020
By RESCO Realty

Case-Shiller: Home Price Growth Holds Steady In April

Financial Reports, ,
Case-Shiller’s National Home Price Index showed little change in April as home prices rose by 0.10 percent to a year-over-year average of 4.70 percent. The 20-City Home Price Index showed corresponding home price growth of 0.10 percent to 4.00 percent year-over-year. Ongoing influences on home price growth before the coronavirus pandemic included short supplies of available homes coupled with high demand for homes and low mortgage rates. While closures and shelter-at-home restrictions in many markets slowed buyer and seller activity,  real estate analysts said that home-buyer desiring to buy larger homes to accommodate working at home helped maintain home prices.…
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30 Jun 2020
By RESCO Realty

The Advantages Of Using REALTORS Vs. For Sale By Owner

Real Estate, ,
For Sale By Owner (FSBO) at first glance seems like it might be a good idea. After all, in an FSBO transaction, there is the saving of the commission that a real estate agent earns. Does that mean there is more for the homeowner from the FSBO sale? Not always. One explanation for this is that FSBO homes may get less attention in the marketplace and therefore may receive fewer purchase offers. Consider The Value Of Time A professional worker who earns $150 per hour does not save money by doing the janitorial work accomplished by paying someone else $15…
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29 Jun 2020
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – June 29, 2020

Financial Reports, ,
Last week’s scheduled economic news included readings on sales of new and pre-owned homes and reports on inflation. Weekly reports on mortgage rates and new and continuing jobless claims were also released. Home Sales Results Mixed for May The National Association of Realtors® reported fewer sales of pre-owned homes in May at a seasonally-adjusted annual pace of 3.91 million sales. Analysts expected 3.80 million sales as compared to April’s reading of 4.33 million sales. This was the lowest reading for sales of pre-owned homes since July 2010 and sales were 26.60 percent lower year-over-year. Lawrence Yun,  the chief economist for…
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