Friday Facts May 18, 2012

FRIDAY FACTS

May 18, 2012

 

FROM INMAN NEWS:

  • Proxio, the global marketing and networking platform operator translates real estate listings into 19 languages.  These brokerages using Proxio gain access to a professional network of over 450,000 agents in 115 countries including members of over 40 national real estate associations on six continents.

 

  • House Hunting Tip from Dian Hymer:  The best time to sell is when consumer confidence is on  the upswing;  interest rates are low;  unemployment is decreasing;  the economic news is mild;  and there are more buyers in your local market niche than sellers.  A high demand, low inventory market gives sellers an edge…Regardless of the economic indicators, the best time to sell is when the time is right for you.

 

FROM BANKER & TRADESMAN:

  • MA foreclosure activity spiked in March.  Lenders filed 1621 petitions to foreclose in March 2012, a 54.7% increase from March 2011.  4348 petitions to foreclose have been filed in Massachusetts in the first quarter of 2012, a 71.5% increase from the first quarter of 2011.

 

FROM THE NATIONAL ASSOCIATION OF REALTORS:

  • Nationwide, pending sales of existing homes in March were at their highest levels since April 2010.  They were up 12.8% from March 2011 and up 4.1% from February.  The Northeast was up 21.1% from March 2011, but had a slight month to month decline of .8%.

 

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