Industry News

Are PA housing markets over-valued or under-valued?

Wednesday, March 3, 2010
By Austin Jaffe, Ph.D.
Are PA housing markets over-valued or under-valued?

All Pennsylvania cities show evidence of relative price declines from their fair value estimates from 2006 to 2010, except Harrisburg, which extended its over-valuation, and Scranton, which is about the same. »

2 Comments »

PHFA offers lending seminars for REALTORS®

Friday, February 26, 2010
By Kim Shindle
PHFA offers lending seminars for REALTORS®

Seminars, which cost $25 per person, are being held in March at three locations across Pennsylvania. »

1 Comment »

Ask Meghan: Is social networking right for you?

Friday, February 26, 2010
By Meghan Tinkham, e-PRO
Ask Meghan: Is social networking right for you?

My busy schedule with work and family does not allow me to sit in the evenings and deal with Facebook, Twitter, etc. Am I missing the boat? How do others handle all the web sites, social media, e-mails, etc. and still have a life? »

No Comments »

What’s the difference between price and value?

Wednesday, February 24, 2010
By Austin Jaffe, Ph.D.
What’s the difference between price and value?

Imagine a simple housing market where all property values are known with certainty. Even though values are not observable, all current prices would be “correct” (i.e., identical) and all future prices would be perfectly predictable. In such a market, price always equals value. »

1 Comment »

NAHB economist says lack of growth reduces housing affordability

Monday, February 22, 2010
By Kim Shindle
NAHB economist says lack of growth reduces housing affordability

Pennsylvania needs to rethink its “anti-growth” mentality in order to become more fiscally sound, according to Dr. Elliot Eisenberg, senior economist of the National Association of Home Builders (NAHB). »

No Comments »

Podcast: Economy needs to rebound to strengthen real estate market

Monday, February 22, 2010
By Samantha Elliott Krepps
Podcast: Economy needs to rebound to strengthen real estate market

PAR’s consulting economist Dr. Austin Jaffe says the economy and the unemployment rate need to rebound in order for the real estate market to get stronger. »

No Comments »

Recognize changes in new GFE and HUD-1

Friday, February 19, 2010
By Kim Shindle
Recognize changes in new GFE and HUD-1

REALTORS® should now be working with the new Good Faith Estimate (GFE) and HUD-1 forms and they need to understand the changes to the two forms and how those changes can impact their buyers and them. »

4 Comments »

Negative equity critical threat to health of real estate market

Wednesday, February 17, 2010
By Austin Jaffe, Ph.D.
Negative equity critical threat to health of real estate market

A recent CoreLogic study reported that as of September 2009, nearly 11 million borrowers were “underwater” on their mortgages. As I’m writing this blog, there are even more borrowers swimming and trying to stay afloat. »

1 Comment »

Web content is important for Internet success

Tuesday, February 16, 2010
By Kim Shindle
Web content is important for Internet success

Buyers are increasingly turning to Google to search for homes and REALTORS®, according to Vanessa Fox, entrepreneur-in-residence of Ignition Partners. »

3 Comments »

Ask Meghan: Personal Facebook page vs. business page

Friday, February 12, 2010
By Meghan Tinkham, e-PRO
Ask Meghan: Personal Facebook page vs. business page

What’s the difference between a personal page and a business page on Facebook? »

3 Comments »
PAR PAR