Why Have Banks Really Tightened Lending Standards?

Home ownership affordability is at a record high due to low home prices and all-time low mortgage rates. But housing experts have blamed banks’ tightened lending standards for keeping more buyers on the sidelines because they are unable to qualify for financing.
Lending standards increased sharply after the financial crisis in 2008, and even after the [...]

Are Cash Buyers Driving Down Home Prices?

Cash buyers are sending home values down much lower than they otherwise would be, suggests a new survey by Campbell Inside Mortgage Finance, which polled more than 2,500 real estate agents nationwide.
In its December Housing Pulse Tracking Survey, the company found that investors accounted for one out of three real estate transactions last month, and [...]

President’s Podcast: 2012 Outlook

Watch the video below as your 2012 WRAR President Ashley Garner delivers his first video podcast of the year. In his first address, Ashley discusses what’s to come for our local housing market this year & how you as a REALTOR® are vital to its success.

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