Despite Rising Prices, Negative Equity Persists Though homeowners are seeing their equity grow—properties with negative equity fell 3 percent in the first quarter of this year—2.5 million homes nationwide still are considered underwater, according to CoreLogic’s Home Equity Report. Negative equity refers to borrowers who owe more on their mortgages than their homes are worth …
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Jun 08
Homeowner Equity Growth Streak Continues
Homeowner Equity Growth Streak Continues Homeowners with a mortgage saw their equity rise 13.3 percent year over year, according to CoreLogic’s Home Equity Report for the first quarter of 2018, released Thursday. The average homeowner gained $16,300 in home equity between the first quarter of 2017 and the first quarter of 2018. That is …
Jun 07
‘Low Price’ Homes Appreciating Fastest
‘Low Price’ Homes Appreciating Fastest Gains for lower-priced homes are seeing significantly higher increases than more expensive homes, according to the latest CoreLogic Home Price Index Report. CoreLogic researchers analyzed four individual home price tiers. The tiers were broken down into a “low price” tier that reflected homes priced at 75 percent or less of …
Jun 06
Yes, you can achieve the American dream of home ownership
Yes, you can achieve the American dream of home ownership We can help At freedom mortgage, we believe everyone should have the opportunity to own their own home. If you feel you may not be able to qualify for a mortgage, we have good news. We can provide you with flexible loan options that can …
Jun 05
Baby Boomers Plan to Delay Retirement
Baby Boomers Plan to Delay Retirement The majority of working baby boomers ages 50 and over say they expect to delay retirement, according to a survey by The NHP Foundation, a nonprofit real estate corporation supporting affordable housing. The cost of housing may be one reason why. Prospective retirees say their top three concerns are …
Jun 04
Mortgage Rates Retreat
Mortgage Rates Retreat After climbing to their highest level in more than seven years, mortgage rates eased a bit this week. It was the first time they declined in four weeks, says Sam Khater, Freddie Mac’s chief economist. The 30-year fixed-rate mortgage fell 10 basis points to a 4.56 percent average this week. “The decline …
Jun 01
Buying a fixer-upper? Get a Renovation loan!
Buying a fixer-upper? Purchase and renovate all in one loan! Get a Renovation loan! For the house that’s almost perfect, we have the perfect solution: A Renovation loan. Renovation Financing allows you to buy a house and fix it up using one loan with one monthly payment. You pick the contractor and finance improvement costs. …
May 31
The Top Landscaping Trends for 2018
The Top Landscaping Trends for 2018 Native plants, outdoor yoga spaces, and charging stations are among the hottest landscaping trends growing in consumer demand for 2018, according to a new report released by the American Society of Landscape Architects. Landscape architects were asked to rate the popularity of several residential outdoor design elements. Landscape architects …
May 30
Single-Family Rental Giant Hit With Class-Action Suit
Single-Family Rental Giant Hit With Class-Action Suit Invitation Homes is being accused of excessive and illegal late fees charged to tenants who fall behind on their rent, according to a class-action lawsuit. In the suit, plaintiffs claim the single-family rental giant charges a late fee of $95 even when rent is only an hour …
May 29
Are There New Homes on Sale?
Are There New Homes on Sale? Home buyers who seek something brand new may be able to score a deal. Although real estate prices have been on the rise generally, there are exceptions. The cost of buying new-construction has fallen to its lowest point in the last 12 months, realtor.com® reports. The median price of a …
May 25
Outside Remodeling Projects Pay Off
Outside Remodeling Projects Pay Off Tackling a project to spruce up a property’s outside may be a wise investment for both residential and commercial property owners, according to the National Association of REALTORS®’ and National Association of Landscape Professionals’ 2018 Remodeling Report: Outdoor Features. The outdoors doesn’t require a major overhaul to see a strong return …
May 24
The Best Housing Markets for Home Flippers
The Best Housing Markets for Home Flippers House flipping activity surged to an 11-year high this year, with more than 207,000 homes flipped, according to ATTOM Data Solutions, a real estate data firm. But the key is knowing where to be and when. “The sweet spot for successful home flipping is finding the neighborhoods just …
