We often talk about the financial reasons why buying a home makes sense. But often, the emotional reasons are the more powerful, or compelling reasons. The Joint Center for Housing Studies at Harvard University performs a study every year surveying participants for the reasons that American’s feel are most important in regards to homeownership. The top 4 reasons to own […]
Archives: August 2015
6 Simple Home Decorating Ideas for Fall
September is quickly approaching! That means it’s time to bring out the jackets, long-sleeve shirts, and denim jeans. But what are you doing to bring your home into fall? Here are a few easy decorating ideas you can do to welcome the cooler temperatures and beautiful colors into your home. DIY Home Decorating Tips for Fall You […]
Foreclosure Inventory Hits Lowest Mark in Over 7 Years [INFOGRAPHIC]
Some Highlights: The number of homes in the US in some stage of foreclosure is down 28.9% to 472,000. Only 3.5% of homes in the US are currently in serious delinquency. Foreclosure Inventory levels hit the lowest level since January 2008 at 1.2% of all homes with a mortgage.
When is it a Good Time to Rent? Definitely NOT Now!
People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau just released their second quarter median rent numbers. […]
Mortgage Lending is NOT Out of Control!!
This year, both Freddie Mac & Fannie Mae have introduced new programs that only require a 3% down payment on a mortgage in order to purchase a home. Earlier this month, the Mortgage Bankers’ Association reported that adjustable-rate mortgages (ARMs) may be making a slow comeback as the share of ARMs increased to 7.4 percent […]
Don’t Wait to Move Up to Your Dream Home!
Now that the housing market has stabilized, more and more homeowners are considering moving up to their dream home. With interest rates still near 4% and home values on the rise, now may be a great time to make a move. Sellers should realize that waiting while mortgage rates are increasing probably doesn’t make sense. […]
Where Are Mortgage Rates Headed? This Fall? Next Year?
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created […]
3 Best Practices for Real Estate Investment
Investing In Real Estate: AchieveYour Real Estate Goals With mortgage rates so low, many investors choose to invest in real estate, as opposed to the stock market. In addition, real estate is a prime investment for novice investors, as it is more tangible and understandable than stocks and the index. According to Bankrate’s annual investment […]
What You Need to Know About the Mortgage Process [INFOGRAPHIC]
Some Highlights: According to Freddie Mac, 40% of buyers are putting less than 10% down, with many putting down as little as 3%. Have a budget and stick to it! Know your credit score and history! Reach out to a professional who can help you with the process!
What You Need to Know About the Mortgage Process [INFOGRAPHIC]
Some Highlights: According to Freddie Mac, 40% of buyers are putting less than 10% down, with many putting down as little as 3%. Have a budget and stick to it! Know your credit score and history! Reach out to a professional who can help you with the process!