Friday Facts May 4, 2012

FRIDAY FACTS

May 4, 2012

 

NATIONAL ASSOCIATION OF REALTORS:

WASHINGTON (April 18, 2012) – The National Association of Realtors® applauds the Federal Housing Finance Agency for issuing new guidance requiring servicers of Fannie Mae and Freddie Mac loans to speed responses to short sale requests.
The guidelines would require servicers to acknowledge receipt of short sale purchase offers within three business days; respond to short sale requests within 30 days (with a possible 30-day extension); and make a final decision within 60 days of receiving purchase offers.

 

BANKER & TRADESMAN:

The Warren Group reports that Massachusetts single family home and condo sales rose 20% in March, making the first quarter of 2012 the strongest since 2007.

 

RIS MEDIA:

Down payments greater or equal to 20% were made by 34% of residential home purchasers in March, a percentage that has remained relatively stable over the past year.

 

WHERE BUYERS GET INFORMATION ABOUT HOMES FOR SALE:

Internet

88%

Real estate agent

87%

Yard sign

55%

Open house

45%

Print newspaper advertisement

30%

Home book or magazine

19%

Homebuilder

16%

Relocation company

4%

Television

4%

Billboard

4%

Source: NAR 2011 “Profile of Home Buyers and Sellers” survey

 

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