61% of First-Time Buyers Put Down Less than 6%

By |2020-05-15T13:36:59-07:00January 17th, 2018|Categories: Down Payments, First Time Home Buyers, For Buyers, Real Estate|

According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment [...]

The Impact Staging Your Home Has on Sales Price [INFOGRAPHIC]

By |2018-01-12T11:00:52-07:00January 12th, 2018|Categories: For Sellers, Infographics, Move-Up Buyers, Real Estate|

Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Annual Profile of Home Staging. 50% of staged homes saw a 1-10% increase in dollar value offers from buyers. 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own. The top [...]

93% Believe Homeownership Is Important in Attaining the American Dream

By |2020-05-15T13:36:59-07:00January 11th, 2018|Categories: First Time Home Buyers, For Buyers, Real Estate|

Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that: “Owning a home remains a core element of the American Dream.” When asked “How important a part of the American dream is owning a home?” 18% of those surveyed said it was the most [...]

FICO® Scores on Approved Home Loans Drop Again

By |2018-01-10T11:00:16-07:00January 10th, 2018|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the market with low down payments and even [...]

The Impact of Tight Inventory on the Housing Market

By |2018-01-09T11:00:50-07:00January 9th, 2018|Categories: For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will continue to strengthen in [...]

712,000 Homes in the US Regained Equity in the Past 12 Months!

By |2020-05-15T13:37:00-07:00January 8th, 2018|Categories: For Buyers, For Sellers, Move-Up Buyers, Real Estate|

CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) to 4.9% today. The [...]

4 Reasons to Sell This Winter [INFOGRAPHIC]

By |2018-01-05T11:00:59-07:00January 5th, 2018|Categories: For Buyers, For Sellers, Infographics, Move-Up Buyers, Real Estate|

Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has come for you and your family [...]