Friday, June 29, 2012

Morning Real Estate Review

US cities now outpacing suburbs, new data shows (Slate) For first time in half a century, urban areas are outpacing their suburban neighbors in population and economic growth.

CitiMorgage launches program for soldiers on the move (HousingWire) To help soldiers who are stuck with existing mortgages while they move bases, CitiMortgage has introduced a Citi Military PCS (permanent change of station) transfer assistance program.

30-year fixed-rate mortgage rates unchanged, 15-year fixed-rate falls to new low (The Washington Post) While the 30-year fixed-rate average mortgage rate has continued holding steady, the 15-year fixed-rate average has found itself at a new low.

Cover story: Good manners a must during open house (The Washington Times) Though it may not be on the forefront of every seller’s mind, it’s important to remember to have good manners while selling a house.

Charting the market: Sellers’ prospects improving (The Washington Times) More demand and less supply, as this year is seeing, leads to a seller’s market.



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