23 Feb 2024
By RESCO Realty

Understanding Short Sales: What They Are and Why You Might Want One

Real Estate, ,
In the world of real estate, the term "short sale" often surfaces in conversations, but its meaning and implications might not be immediately clear to everyone. As a real estate agent, it's important to not only understand what a short sale is but also to effectively communicate its potential benefits to your clients. Let's delve into the intricacies of short sales and explore why they might be advantageous for certain buyers. What is a Short Sale? A short sale occurs when a homeowner sells their property for less than the outstanding mortgage balance. In essence, the proceeds from the sale…
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05 Sep 2023
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – September 5, 2023

Financial Reports, ,
Last week’s economic reporting included readings on inflation, consumer sentiment, and weekly readings on mortgage rates and jobless claims.    Inflation Rates Are Similar in August Month-to-month, the inflation rate holds relatively steady at 3.18 percent. This is slightly up when compared to 2.97 percent last month; however, it is significantly lower than the rate of 8.52 percent last year. When compared to the long-term average, inflation is trending in the right direction, as the long-term average is 3.2 percent. Inflation rose at a pace of 0.20 percent in July and met analysts’ expectations. There was no change in the…
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05 Sep 2023
By RESCO Realty

What’s Ahead For Mortgage Rates This Week – September 5, 2023

Financial Reports, ,
Last week’s economic reporting included readings on inflation, consumer sentiment, and weekly readings on mortgage rates and jobless claims.    Inflation Rates Are Similar in August Month-to-month, the inflation rate holds relatively steady at 3.18 percent. This is slightly up when compared to 2.97 percent last month; however, it is significantly lower than the rate of 8.52 percent last year. When compared to the long-term average, inflation is trending in the right direction, as the long-term average is 3.2 percent. Inflation rose at a pace of 0.20 percent in July and met analysts’ expectations. There was no change in the…
Read More