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topStories Tuesday, February 21, 2017
     
Sponsored by Quicken Loans
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Should You Pre-pay Your Mortgage?
Housing Costs Take Up Biggest Share of Income since 2010
Appreciating home values and rising interest rates inflated the typical monthly mortgage payment $68 in 2016, up to $758, according to a recent analysis by Zillow, with approximately 16 percent of the median household income now needed for housing each month—the biggest share since 2010. "As mortgage rates rise, buyers will face higher financing costs and already expensive homes will come with even higher monthly mortgage payments," says Dr. Svenja Gudell, Zillow chief economist. "Nationally, mortgage rates still have room to grow before the share of income needed to pay the median monthly mortgage reaches the historical average, but many more expensive coastal markets are either close to or have exceeded what has been considered historically affordable." ...
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articles
A Hands-On Approach to Real Estate Success
In the following interview, Walter F. Perschbacher IV, vice president of Branch Development for Greenridge Realty, a member of Leading Real Estate Companies... READ MORE >
Ask the Expert: How Can I Creatively Stay in Touch with Past Clients?
Today's Ask the Expert column features John Bunker, marketing director of RealEstateCalendars.com. Q: How can I creatively—and effectively—stay in touch... READ MORE >
Cobie Smulders Sells $1.425 Million Los Feliz Property to Demetri Martin
Now that Cobie Smulders isn't busy playing not-the-mother in "How I Met Your Mother," she's moved on to better things—like investing in a $991,000 triplex that she just sold... READ MORE >
Two Problems, One Solution: Boosting Agent Adoption and Communication
It's happened to every real estate broker. You're sold on a new product, eager to present it to your agents as a must-have tool in their arsenals. You offer to subsidize the cost.... READ MORE >

Homespun
Safety at Home: Important for Seniors
By Tammy Smith
(TNS)—As we age, even a house that has been a home for decades can become an obstacle course or pose unexpected problems. AARP suggests these modifications for your home: Vision -  Make sure lighting is adequate on exterior pathways, porches and doorways. Improve lighting on stairs, such as with night lights
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articles
U.S. Congressman David Cicilline to Keynote NAGLREP's First LGBT Housing Policy Summit

NAHB: Housing Affordability Shrinks to 2008 Level

Foreclosures Fall 82 Percent from Recession Peak

Report: Mortgages Less of a Factor in Household Debt

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