MRED Blog

Mortgage rates continued to decline last week with the 30-year, fixed-rate mortgage hitting a new all-time low of 3.34%.

That is down from 3.40% a week earlier and a drop from 4% last year, according to the latest Freddie Mac Primary Mortgage Market Survey.

Read the full article from Housingwire HERE.

MRED Trainer Carrie Little-Bey has done an excellent post on Social Media – check it out!

43% of Small Businesses Spend 6 Hours+ on Social Media a Week

“I’ve been saying it for years. If you want to integrate social media into your business you must Share, Comment & Post. Believe it or not Social Media is a new part of how agents build their businesses. Per the survey done by Vertical Response 43% of Small Businesses Spend 6+ hours a week on Social media.”

Read her full blog post HERE.

Here is an article on the KCM Blog explaining the difference between cost and price when purchasing a home. Read the full post HERE.

A sampling of predictions on The KCM Blog – http://bit.ly/St6Lou

We are often asked where we think home prices are headed over the next year. Recently, several groups have stepped forward and given their projections as to what level of appreciation we can expect by the end of 2013. Here is what they said:

• Demand Institute Study: 1.75% appreciation
• Urban Land Institute: 2%
• Home Price Expectation Survey: 2.44%
• National Assoc of Business Economists: 2.8%
• Wall Street Journal’s Survey of Economists: 3.25%

All five groups are calling for home values to rise through the end of next year. However, none are projecting that we will hit historic annual appreciation levels (3.6%) that existed prior to the housing bubble.