Affordability Dips as Home Prices Reach All-Time High From June to July, median sales price rose by 8.5%, more than double the 4.1% increase seen in family income levels, the National Association of REALTORS® reports. But mortgage rates that have fallen to all-time lows are helping to offset some of the rising costs. As of …
Tag: News
Sep 16
Many Renters Can afford to buy a home – they just don’t realize it.
Many Renters Can afford to buy a home – they just don’t realize it. Misconceptions You need a lot of cash to buy a home Your monthly payment would be more than you could afford Today’s housing market is the wrong time to purchase. Reality Low down payment options are available There are loan …
Sep 14
Mortgage Applications Are 40% Higher
Mortgage Applications Are 40% Higher The home shopping spree continues. Typically, the end of August sees a slowdown in the housing market, but this year, real estate has shown no signs of letting up. Mortgage applications to purchase a home increased 3% last week compared to the previous week. But it’s the year-over-year jump of …
Sep 14
5 Timeless Kitchen Trends
5 Timeless Kitchen Trends Kitchens can be expensive to renovate, so help homeowners choose upgrades that will stand the test of time—and outlast trends that come and go. Life Rejoice, a home improvement blog, has offered up 40 timeless kitchen trends. Here’s a peek at five. 1. Quartz Engineered quartz will continue to be a …
Sep 10
Should Buyers Pay Points on a Mortgage?
Should Buyers Pay Points on a Mortgage? Mortgage borrowers often have a choice to pay more up front in points to get an interest rate reduction or save money and accept a higher rate. It’s a choice that more buyers are considering, particularly jumbo borrowers—those who borrow more than $510,400 in most locales. High balance …
Sep 10
Housing Market Is on a Sugar High
Housing Market Is on a Sugar High Buyers continue to face fierce competition from a limited number of homes for sale, which continues to fuel bidding wars across the country. Daren Blomquist, vice president of market economics at Auction.com, told MarketWatch that “the housing market is on a sugar high brought on by government stimulus …
Sep 10
Are you ready to move?
Are you ready to move? We specialize in programs for the first-time home buyer Buying your first home is an exciting and stressful time. Luckily, there are many financing plans available to help you achieve the American dream of home ownership. You deserve to know all your options. Read the article below and then contact …
Sep 08
Water Flow Proposal Ignites Showerhead Controversy
Water Flow Proposal Ignites Showerhead Controversy The government is trying to change regulations so that showers can spray more water. The Department of Energy recently announced a new proposal to change how much water a showerhead can release each minute as it seeks to get more water flowing out of showers. That could mean the …
Sep 08
Handle Bidding Wars Legally
Handle Bidding Wars Legally Ultra-competitive housing markets have fueled bidding wars as buyers frantically compete for a limited number of homes for-sale. Real estate professionals are finding themselves helping their home-buying clients navigate multiple offer situations. But they must be careful to avoid misunderstandings and reduce the risk of discrimination in the process, too. “Real …
Sep 04
Eviction Moratorium? Owners Need Relief, Too
Eviction Moratorium? Owners Need Relief, Too The Centers for Disease Control and Prevention is using its authority in the name of public health to place an eviction moratorium to prevent landlords from evicting certain renters nationwide for the rest of the year. The moratorium calls up a 1944 public health law that was created to …
Sep 03
Lender Explains Forbearance Without Consent
Lender Explains Forbearance Without Consent Wells Fargo is being sued in a proposed class-action lawsuit that accuses the lending giant of automatically placing some borrowers’ mortgages in forbearance without their permission. The borrowers claim that the forbearance has reflected poorly on their credit reports and prevented them from being able to obtain other financial services, …
Sep 02
Steps to Home Ownership Made Easy
Steps to Home Ownership Made Easy Read the below image, then give me a call to discuss. The home financing process can be confusing. Follow these eleven steps for a smooth mortgage experience. With the help of myself and John Coneys of Freedom Mortgage, we can explore homebuying options to help you meet your goals. …
