Thinking of Selling? 5 Reasons You Shouldn’t For Sale By Owner Posted: 28 Sep 2015 04:00 AM PDT In today's market, with homes selling quickly and prices rising some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons [...]
Existing Home Sales Slow Amongst Tight Inventory [INFOGRAPHIC] Posted: 25 Sep 2015 04:00 AM PDT Some Highlights: Existing Home Sales slowed down slightly in August but remained 6.2% higher than August 2014. Inventory levels remain below the 6 months necessary for a normal market at a 5.2-month supply. First Time Buyers rebounded in August to [...]
How Much Must You Trust Your Listing Agent? Posted: 24 Sep 2015 04:00 AM PDT You and your family have decided to sell your house. It is now time to choose a real estate professional to help with the process. One of the major attributes this agent must possess is trustworthiness. To what degree do [...]
Is Qualifying for a Mortgage Getting Easier? Posted: 23 Sep 2015 04:00 AM PDT There has been a lot of talk about how difficult it is to get a home mortgage in today’s lending environment. However, three recent reports have revealed that lending standards are beginning to ease. This is great news for both first [...]
Buying A Home Is Better Way to Produce Wealth Than Renting Posted: 22 Sep 2015 04:00 AM PDT According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Indexhomeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the [...]
3 Graphs That Scream List Your House Today! Posted: 21 Sep 2015 04:00 AM PDT In school we all learned the Theory of Supply and Demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that [...]
Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC] Posted: 18 Sep 2015 04:00 AM PDT Some Highlights: The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014. The average FICO score for all closed loans in August reached a new yearly low at 724 (the [...]
Fannie Mae Introduces Home Purchase Sentiment Index Posted: 17 Sep 2015 04:00 AM PDT Earlier this month, Fannie Mae’s Economic & Strategic Research Group announced the launch of their Home Purchase Sentiment Index (HPSI). The index will distill results from Fannie Mae’s consumer-focused National Housing Survey into a single, monthly, predictive indicator. According to Doug [...]
The Cost of Waiting to Buy a Home Posted: 16 Sep 2015 04:00 AM PDT The National Association of Realtors (NAR) recently released their July edition of theHousing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national [...]
Why You Should Stop Renting & Buy Today! Posted: 15 Sep 2015 04:00 AM PDT There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Housing Cost & Net Worth Whether you rent or buy, you have a monthly housing cost. [...]