Tag Archives: Arizona

How to Calculate the ROI of Your Geographic Farm

Consider the following to evaluate the Return on Investment (ROI) for a farm. You have selected a farm of 600 houses. The farm turnover rate is 9%. The average sales price of a house in your farm is $250,000. You … Continue reading

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How a Realtor creates a geographic farm

For newer agents the concept of farming might be unchartered territory. I define farming as targeting a specific community in which you solicit the majority of the neighborhood for business. The concept is to establish and brand you as THE … Continue reading

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We are not in a housing bubble

Mortgage titan Fannie Mae depends on Douglas G. Duncan, its chief economist, to keep a close eye on the nation’s housing market. Duncan met with Times editors and reporters in Los Angeles this week to share his views on where … Continue reading

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Home Prices Rise… But So Do Interest Rates

Mortgage applications fell 2.6% for the week ending July 12, an industry trade group said. Applications have remained on a downward trajectory for the past several weeks with the industry concerned over growing interest rates and the possibility of more … Continue reading

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Showdown ahead for CFPB and Corday nomination

President Obama on Thursday re-nominated Richard Cordray to head the Consumer Financial Protection Bureau, all but assuring a fight with Senate Republicans who oppose the agency’s sweeping powers to regulate the financial services industry. Cordray, 53, took the helm of … Continue reading

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The Cliff and Your Real Estate Business

The housing market and the housing industry have escaped a potential blow on several fronts now that lawmakers have at least partially resolved Washington’s “fiscal cliff” budget morass. A bill passed by Congress on Tuesday to pull the nation back … Continue reading

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CFPB may trial run new mortgage disclosure rules

The Consumer Financial Protection Bureau is proposing a plan that would give banks the opportunity to test run the launch of new mortgage disclosures for borrowers, rather than throwing them directly into unfamiliar territory. While the idea is still in … Continue reading

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More Shake Up at the CFPB?

Buzz at the Consumer Financial Protection Bureau is that director Richard Cordray is thinking about leaving the agency when his recess appointment expires at the end of next year, rather than go through another contentious confirmation battle. A spokesperson at … Continue reading

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A rebound off the bottom

Home prices during the first half of 2012 posted their strongest gains in six years, the clearest sign that more U.S. housing markets have hit bottom. But the housing market remains far from normal. Hitting a bottom shouldn’t be confused … Continue reading

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Recovery Update

By NICK TIMIRAOS The percentage of American homeowners behind on their mortgage payments fell during the first quarter to the lowest level since the end of 2008. But the share of loans in foreclosure remains stubbornly high, according to a … Continue reading

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