The latest Existing-Home Sales Report from NAR revealed that sales decreased 1.8 percent in August. Many might start to panic, but let’s see what the report really shows. Lawrence Yun, NAR chief economist explains “there was a marked decline in all cash sales from investors. On the positive side, first-time buyers have a better chance […]
HomeStyle is a conventional loan product for home buyers either with or without mortgage insurance who want to make home improvements, renovations or repairs, and roll the costs into the mortgage. In this video, Dan Moyle with Amerifirst Home Mortgage interviews renovation lending expert, Joe Daly, about the HomeStyle Renovation Loan. HomeStyle requires 10% down, […]
2014 American Express Spending & Saving Tracker “About two-thirds (65%) of homeowners say they are confident they would get the asking price for their home if they were to put it on the market today (up from 40% in 2010).” Financial Security Index Survey “Eighty nine percent of Americans feel that buying a home is […]
In a recent Gallup poll, Americans were asked to rate 24 different business sectors and industries on a five-point scale ranging from “very positive” to “very negative.” The poll was first conducted in 2001, and has been used as an indicator of “Americans’ overall attitudes toward each industry”. For the first time since 2006, Americans […]
Today we are excited to have Nabil Captan as our guest blogger. Nabil is a nationally recognized credit scoring expert, educator, author and producer. In today’s post, he explains how what you don’t know about your credit score could end up costing you. Enjoy! Informed consumers considering a home purchase today want to do the […]
In a recent survey, How America Views Homeownership, it was revealed that 68% of Americans feel that now is a good time to buy a home and 95%said they want to own a home if they don’t already. Franklin Codel, head of Wells Fargo home mortgageproduction, explains: “Although the home buying process has changed in […]
Real Estate Industry occupational statistics are no secret. According to the 2013 NATIONAL ASSOCIATION OF REALTORS® Profile of Real Estate Firms, recruiting firms reported a 50% attrition rate in 2012, and office census comprised of 20% of licensees having 3 or less years in the business. In 2001, turnover rates in real estate were reported […]
Over the last six years, homeownership has lost some of its allure as a financial investment. As homeowners suffered through the housing bust, more and more began to question whether owning a home was truly a good way to build wealth. The Federal Reserve conducts a Survey of Consumer Finances, every three years, and just […]
Something is wrong. Terribly wrong. Last Spring, we represented a Buyer client on a transaction that qualified as possibly the worst title experience EVER…. A few days prior to the contracted closing date, our agent received a blank digital closing package with instructions that consisted of “sign and return” only. She called me with concerns, […]
