Why we care: Provides an early signal of
changes in housing transactions and mortgage refinancing activities, which can be leading indicators of total consumer expenditures.
Not exact matches
These widely used measures of
house prices are all less than fully satisfactory
in that the quarterly movements are influenced by compositional
changes and contain significant lags
in recording
transactions; the lags arise because most standard indices record prices as at the date a
transaction is settled, which is well after the price was determined by agreement on a contract.
According to data from Greenwich Associates presented
in testimony to the
House Committee on Financial Services (Harold Bradley of American Century Management, March 12, 2003), mutual funds pay an average of between 5.1 and 5.5 cents per share
in commissions to make securities
transactions - a rate that has not
changed significantly
in the past decade.
The
change in price of a given property measures the underlying rate of appreciation because basic factors such as physical location, climate,
housing type, etc., are constant between
transactions.
Given that these are first - time home buyers, and given the glut of homes on the market, most of these are financial
transactions where a
house changes hands
in exchange for cash (and additional
transaction costs).
Tools like Legal Suite display the complete
transaction history so users can see exactly what was agreed and when, along with what was rejected at each stage — allowing
in -
house teams to keep control of their negotiations, doing deals more quickly and on more favourable terms, even
in the event of personnel
changes.
The Buyer acknowledges that it is his responsibility to do his own due diligence regarding any anomalies that may be associated with the subject property, such as but not limited to: the location of half - way
houses, group homes, child molesters, grow
houses, sewage treatment plants, plans for highway expansions, road widenings, locations of fire hydrants, proposed plazas or other retail property, proposed dump sites and such other issues that may impact future value (s) of the subject property, beside, behind,
in the foreground of, or
in any position that may impact value (s), including but not limited to: any
change or increase
in taxes due to Current Market Value Assessment alterations or
changes of any sort, brought about by such situations that may affect the subject property now or
in the future, and the Buyer acknowledges that said situations are totally outside the control of the Realtor (s) involved
in the
transaction, and the Buyer agrees to hold harmless Carolyne Realty Corp. its owners, directors and staff regarding any such findings, and
in particular if they have not been disclosed by the Seller or the Listing Agent / Company.
While few of these
changes affect real estate agents directly, the proposal will certainly affect their clients and their
transactions in many ways and likely affect the
housing industry significantly for at least a period of time as it is implemented.
«New disclosure forms for real estate
transactions will completely
change the homebuying process as it's known today,» said Michelle Korsmo, CEO of The American Land Title Association,
in response to Consumer Financial Protection Bureau (CFPB) Director Richard Cordray's recent testimony before the
House of Representatives Financial Services Committee.
Armed with millions of mortgage
transactions gathered since the 1970s, the FHFA tracks a
house's
change in value from one sale to the next.