The 8 Biggest Concerns for REALTORS®
The 8 Biggest Concerns for REALTORS®
The 8 Biggest Concerns for REALTORS®. Image courtesy of Stuart Miles / FreeDigitalPhotos.net
REALTORS® are “strongly confident” about the housing market’s outlook over the next six months, although confidence has eased since the beginning of this spring, according to the latest REALTORS® Confidence Index, a monthly survey of nearly 3,000 REALTORS® about local market conditions.
In general, REALTORS® continued to report “strong” local market conditions last month for single-family and townhome properties. The strong confidence is being buoyed by strong job creation, the reduction in the Federal Housing Administration’s annual mortgage insurance premium rates, and the acceptance of Fannie Mae and Freddie Mac’s 3 percent down payment loans.
Still, REALTORS® are reporting several issues with the market. The survey revealed the following top concerns:
- The upcoming TILA-RESPA Integrated Disclosure regulations, which take effect Oct. 3, and concerns that they could delay closings.
- Tight inventory with a limited number of homes for-sale.
- Affordability issues: Fewer affordable homes so sellers are also hesitant to move.
- Financing issues, such as difficulty in qualifying for a mortgage due to higher FICO credit and down payment standards, protracted mortgage approval process, and condo-financing issues.
- Appraisal issues: conservative estimates, “out-of-town appraisers,” and slow turn-around.
- Rising interest rates.
- Declining demand from international buyers due to a strong U.S. dollar.
- Uncertainty about flood insurance rates and reform.
Source: “June 2015 REALTORS® Confidence Index,”National Association of REALTORS® (June 2015)
admin
For all of your Real Estate needs, place yourself in the competent hands of a career Realtor who is a Philadelphia native and Delaware County resident. Skilled, smart and enthusiastic about his work and his life, Anthony DiDonato has the appealing combination of business sense and people skills gives him an edge in an industry that demands both.
Educated at Drexel University with a dual major in accounting and finance and minors in management and psychology Anthony DiDonato offers over 25 years of experience in the real estate industry. He has been a real estate investor since 1985 and a member of H.A.P.C.O. (Landlord Association). He became a licensed Realtor in 1992 and a member of the Local, Pennsylvania and National Associations of Realtors. Anthony DiDonato is also a member of the Computerized Multiple Listings, (MLS) and Internet Marketing Programs. In 1997 Anthony DiDonato became Century 21 All-Elite, Inc. Corporate Secretary.
Anthony DiDonato believes in taking his profession to the highest level of quality service. He is known for finding that “perfect” property in Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania for his buyers and helping his sellers prepare their properties so they sell quickly and efficiently.
When it comes time to negotiate the terms of a contract, Anthony DiDonato has the knowledge, experience, and professionalism applied to meeting – or exceeding – his clients’ expectations. His service to his clients is second to none. His honesty and integrity have been his claim to fame.
For Superior Real Estate Representation in the Delaware Valley, Philadelphia, Delaware County, Chester County, Montgomery County and surrounding areas in Pennsylvania… call Anthony DiDonato.
