Credit unions can capitalize on consumers’ need for home equity loans and second mortgages.
U.S. home sellers see the largest gains since 2007; San Francisco sellers lead the way with a 72% gain.
Annual RealtyTrac report says U.S. median home price gained 10%. Ninety-one percent of MSAs gain value.
Homes in these East Coast markets remain for sale longer than 60 days after being listed, despite otherwise good economic conditions.
Realtors say mortgage insurance pricing hundreds of thousands out of the market.
In South Florida, 69% of all home sales this summer were cash, with a statewide rate of 66% according to data from RealtyTrac.
National Association of Realtors says sellers market continues.
Three weeks after a Florida agency purchase, Prudential PenFed Realty is set to buy another realty company in Kansas.
Prudential PenFed Realty, a wholly owned subsidiary of PenFed, said it has acquired Prudential Coastal Properties, a Florida-based agency.
The Federal Reserve Board said commercial real estate market conditions have held steady or improved in nearly all 12 of its districts in recent weeks.