Thinking of Making an Offer? 4 Tips for Success

By |2020-05-15T13:37:07-07:00January 31st, 2017|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!Freddie Mac covered “4 Tips for [...]

2 Myths That May Be Holding Back Buyers

By |2017-01-30T11:00:10-07:00January 30th, 2017|Categories: Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

Fannie Mae’s article, “What Consumers (Don’t) Know About Mortgage Qualification Criteria,” revealed that “only 5 to 16 percent of respondents know the correct ranges for key mortgage qualification criteria.”Myth #1: “I Need a 20% Down Payment”Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the [...]

Sales at Highest Pace in 10 Years! [INFOGRAPHIC]

By |2017-01-27T11:00:09-07:00January 27th, 2017|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

Highlights:5.45 million existing homes were sold in 2016! This is the highest mark set since 2006.Inventory of existing homes for sale dropped to a 3.6-month supply, the lowest level since NAR began tracking in 1999.The median price of homes sold in December was $232,200. This is the 58th consecutive month of year-over-year price gains.

Thinking of Selling? Why Now is the Time

By |2017-01-26T11:00:24-07:00January 26th, 2017|Categories: For Sellers, Real Estate|

It is common knowledge that a large number of homes sell during the spring-buying season. For that reason, many homeowners hold off on putting their homes on the market until then. The question is whether or not that will be a good strategy this year.The other listings that do come out in the spring will [...]

Buying a Home is More Affordable Than Renting in 66% of US Counties

By |2017-01-25T11:00:23-07:00January 25th, 2017|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate|

According to ATTOM Data Solutions’ 2017 Rental Affordability Report, buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed.The report found that “making monthly house payments on a median-priced home — including mortgage, property taxes and insurance — is more affordable than the fair market rent on a [...]

How Low Interest Rates Increase Your Purchasing Power

By |2017-01-24T11:00:53-07:00January 24th, 2017|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate|

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history!The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.Purchasing power, simply put, is the amount [...]

Will Housing Affordability Be a Challenge in 2017?

By |2017-01-19T11:00:00-07:00January 19th, 2017|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate|

Some industry experts are saying that the housing market may be heading for a slowdown in 2017 based on rising home prices and a jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR).Here is how NAR defines the [...]