Refinances Up 11%

Mortgage refinance applications are up 11%, while total mortgage application volume is up 7.2%. Refinances are up nearly 60% from a year ago. Rates remain at a 3-year low, and there is strong buyer activity in the real estate markets for Seattle, Portland, Oregon, Denver and Austin, Texas. More, here.

 

Refinancing

Tips for Real Estate Deals

Justin Pierce has a piece in The Washington Post about securing investment properties for the best possible price. Among his recommendations—and one we wholeheartedly endorse—is partnering with a good Realtor: “I recommend you get a good Realtor to do market analysis and assist you with the contract and closing process.  A Realtor can also help you create mailing lists. Many Realtors send out postcards.” Read more, here.

 

16185676 - businessman creating his company concept

Drone Approval, and its Impact on Real Estate

Krishna Thakker has a piece on The Street on the Federal Aviation Administration’s approval of small drones to take video and pictures. Individual states will develop their own sets of rules, but access to this technology will enhance prospective buyers’ understanding of the neighborhood surrounding a house, and of the house itself. More, here.

 

24303812 - professional carbon drone with gps and video camera making a ride.
24303812 – professional carbon drone with gps and video camera making a ride.