Builder Confidence Dips
Builder Confidence Dips According to the latest data released by the National Association of Home Builders (NAHB), confidence of home builders relative to the market for newly built, single-family...
View ArticleNAR Housing Data
NAR Housing Data The latest data released by the National Association of Realtors® (NAR) indicates that new housing starts are still lagging behind in terms of what the market needs. NAR data shows...
View ArticleFeds to Taper
Feds to Taper Last month Ben Bernanke, chairman of the Federal Reserve, stated that the Feds would finally begin to taper, or cut back, on their quantitative easing (QE). In short with QE the Fed has...
View ArticleHome Prices UP
The latest data from the National Association of Realtors® (NAR) shows that national median existing-home prices jumped by 11.5 percent for all of 2013 finishing the year at $197,100. This was a...
View ArticleExisting-Home Sales UP
According to the National Association of Realtors®, existing-home sales rose slightly in December with sales for all of 2013 hitting their highest level since 2006. An existing-home sale is considered...
View ArticleNew-Home Sales Down
According to the most recent figures released from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, new-home sales dropped 7.0 percent in December to a seasonally...
View ArticleIntroduction to Mortgage Escrow Accounts
Real Estate involves some complicated terminologies. A lay man can easily get lost in the midst of these terminologies. One such term is escrow. In simple terms, this is an account that is held with a...
View ArticleReal Estate Closing 101 – Tax Adjustments
When you are done with the process of buying a home, while closing the deal, you have to pay certain taxes as per the law. But since, most people do not have knowledge about the in depth meaning of all...
View ArticleStep by step Escrow Process
There are many steps of an Escrow. Below are some of the basic steps: Preparing the instructions of the Escrow. The sub steps are: Purchase price and terms Agreement The content and the look of the...
View ArticleSteps to Closing a Bulk REO Purchase
REO stands for Real Estate Owned. These are the properties that have being seized by the company due to no payment of mortgage or other such defaults. These properties are held in custody by the...
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Hello 2016 – New Tax Extensions for agents and home owners.
Hello 2016 – New Tax Extensions. The post Hello 2016 – New Tax Extensions for agents and home owners. appeared first on Prominent Escrow.
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