There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard […]
Archives: November 2015
Existing Home Sales Up 3.9% [INFOGRAPHIC]
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Distressed Property Sales Hit New Low
The National Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far the […]
Millennials: What FICO Score is Needed to Buy a Home?
In a recent article by the Wharton School of Business at the University of Pennsylvania, it was revealed that some Millennials are not looking to purchase a home simply because they don’t believe they can qualify for a mortgage. The article quoted Jessica Lautz, the National Association of Realtors’ Managing Director of Survey Research, as saying […]
Equity Matters A LOT… Just Ask Freddie Mac
There are many reasons, both financial and non-financial, that homeownership remains an important part of the American Dream. One of the biggest reasons is the fact that it helps build family wealth. Recently, Freddie Mac wrote about the power of home equity. They explained: “In the simplest terms, equity is the difference between how much […]
Don’t Throw Away Those Orange Peels!
The Gift of Orange Peels From potpourri pot to stove top, one of the magical fragrances of fall is FREE if you have some standard spices in your pantry and you save your orange peels! Whether planning for an open house, a festive family get-together, or if you just wanted to change the atmosphere and lighten […]
Singles Are Falling For Their Dream Home [INFOGRAPHIC]
Should I Pay A Mortgage Interest Rate Over 4%?
Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact […]
How to Get the Most Money from the Sale of Your House
Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you receive maximum value for your house? Here are two keys to insuring you get the highest price possible. 1. Price it a LITTLE LOW This may seem counterintuitive. However, let’s look at this […]