Taking the Fear out of the Mortgage Process

By |October 31st, 2016|

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification.For many, the mortgage process can be scary, but it doesn’t have to be!In order to qualify in today’s market, you’ll need to [...]

Buying a Home Can Be Scary… Know the Facts [INFOGRAPHIC]

By |October 28th, 2016|

Some Highlights:36% of Americans think they need a 20% down payment to buy a home.44% of Millennials who purchased a home this year have put down less than 10%.71.8% of loan applications were approved last month.The average credit score of approved loans was 731 in September.Powered by WPeMatico

Percentage of Homeownership by Decade and by State

By |October 27th, 2016|

There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the homeownership rate reached an all-time high of 69.4%, while the current rate is 62.9%. When comparing these two figures, there is some room for concern regarding the difference.However, today we want to shine some light [...]

What to Expect When Home Inspecting

By |October 26th, 2016|

So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. More often than not, your agent may have made your offer contingent on a clean home inspection.This contingency allows you to renegotiate the price paid for the home, ask the sellers to cover [...]

Buying is Now 37.7% Cheaper Than Renting in the US

By |October 25th, 2016|

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way [...]

Sales of Distressed Properties Hit New Low

By |October 24th, 2016|

The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report revealing that distressed property sales accounted for 4% of sales in September. This is down from 7% in 2015, and is the lowest figure since NAR began tracking distressed sales in October 2008.Below is a graph that shows just how far [...]

7 Graphs That Show the Real Estate Market Is Back! [INFOGRAPHIC]

By |October 21st, 2016|

Some Highlights:Distressed property sales fell to its lowest number since NAR began tracking it in 2008.As you can see, with less distressed properties, sales are up in all price ranges except the $0 - $100K price range.Interest rates are still at historic lows, signifying that now is the right time to buy!Powered by WPeMatico

The ‘Great News’ About Rising Prices

By |October 20th, 2016|

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. In some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise.The great news about rising prices, however, is [...]

Starting to Look for a Home? Know What You WANT vs. What You NEED

By |October 19th, 2016|

In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE [...]

How Historically Low Interest Rates Increase Your Purchasing Power

By |October 18th, 2016|

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but [...]