| New Listings | 144 |
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| Back on Market | 34 |
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| Price Increases | 4 |
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| Price Reductions | 111 |
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| Pendings | 77 |
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| Solds | 56 |
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| Expireds | 44 |
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| Inactives | 43 |
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The weekly numbers bounced around slightly this week, not only from volume but from avg.
New listings: 144
Avg LP: $164,587
Pendings: 77
Avg LP: $143,782-
Solds: 56
Avg SP:$168,206-
Our Hot Spots for action today was- Mason with 5 and West Chester with 3
Also with news from the lending world today courtesy of Nick Perino Attorney at Law
This will affect home buyers, lenders, Realtors and title agencies. Basically anyone involved in real estate is affected. The new disclosures will not allow lenders or brokers to “low ball” the estimated fees and then inflate charges at the closing. There will be zero tolerance for increasing some of the lender’s fees.
Title companies will not be allowed to show an increase greater than 10% above the estimate.
HUD spokesman Brian Sullivan told Realty Times that all consumers making loan applications on or after January 1 must receive the new forms at application and at closing. They are allowed to be a little lenient on violations for the first four months due to the fact that some items are clear-as-mud.
This is very good research to know. We will report feedback as the market place starts to practice with these new guidelines.
