Pocket or “off-market” listings are quietly for sale but excluded from the Multiple Listing Service (MLS). In the past, they were commonplace with high-profile homes.
Some buyers are getting vacation homes on the cheap, reports CNN Money . Not all destination properties are created equal, however, so buyers should size up their purchases before taking the plunge.
The Seattle-Bellevue-Everett area ranks No. 4 on Yahoo Real Estate’s hot metro areas for relocation. The number of inbound shipments from January to March of 2012, tracked by the American Moving and Storage Association, indicates that individuals and families are moving to the Emerald State in high numbers. “Seattle’s economy is based on innovation, and information technology is an enormous industry in Seattle,” according to Yahoo
About 31 percent of all those who refinanced in the first quarter of this year cut their mortgage terms from 30 years to 15 or 20, according to Freddie Mac, reports the New York Times . This marks the second highest level since 2002′s peak of 35 percent.