The Real Deal Miami

Posts Tagged ‘move inc’

  • The inventory of unsold homes on multiple-listing services is on the rise nationwide. Last month, inventory rose by 0.6 percent from the month prior and by 13 percent year-over-year, the Wall Street Journal reported. Based on data from Move Inc., 107 markets saw an increase in listings, while only 39 saw inventory either decrease or remain flat when compared to January. (February typically sees a listings uptick as home sellers prepare for the spring buying season). On a year-over-year basis, only seven markets have seen home listings decline: Jersey City, N.J. and Orlando, Fla. are among them. Meanwhile, Fort Lauderdale, Fla. was the city with the largest inventory decline month-over-month, with listings down by 12.5 percent. San Francisco, Calif. had the biggest increase in competition amongst sellers, as its inventory rose 6.3 percent from January levels. [WSJ]

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  • Mortgage apps are too confusing: survey

    February 10, 2011 01:15PM

    A survey by MortgageMatch.com, a unit of Move Inc, showed that nearly one-third of 2,000 respondents said that understanding the mortgage process was the most difficult step in buying a home, the Wall Street Journal reported. Negotiating the home purchase price also a difficult part of the process, according to 25 percent, while 23 percent found that getting approved for the mortgage was the most challenging. The majority of buyers — 54 percent — said that finding the right home was the hardest part, while 37 percent of borrowers said saving for the down payment was the most difficult step. The survey “clearly points to the fact that borrowers want a process that’s easy to understand and follow,” said Sue Stewart, senior vice president at Move Inc. [WSJ]

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