Buying a home Mortgage Interest Rates are Still Going Up… Should You Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year. In addition to the predictions from the four major reporting agencies mentioned […]
Buying a home Dispelling the Myth About Home Affordability We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last […]
Buying a home Wants vs Needs When Buying a Home – Learning the Difference One of the first questions that a real estate agent will ask new buyers is, “What do you want in your new home”? It might seem like an easy question to answer but identifying your “wants’ from your “needs” is an important aspect of home seeking. Needs A need is something that is truly essential […]
Buying a home 4 Reasons Why Summer Is a Great Time to Buy a Home! 4 Reasons Why Summer Is a Great Time to Buy a Home! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue […]
Buying a home What Should You Look for In Your Real Estate Team? What Should You Look for In Your Real Estate Team? How do you select the members of your team who are going to help make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic […]
Buying a home GREEN Homes Introduction In the next few weeks, I’ll be posting many new features and information about Green Homes that I’ve learned from earning my National Association of Realtor’s GREEN designation. Whether you want to improve the resale value of your home or are looking for a new, more resource-efficient property, a REALTOR® with NAR’s Green Designation can help. NAR […]
Active listing Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation. “U.S homeowners with mortgages (roughly […]
Buying a home The relation between interest rates and your purchasing power Hoe does interest affect home buying power? We all know that higher interest means higher payments. But what does that mean in real world numbers? The following infographic shows just that. A 1 point jump in interest basically means 10% less house when looking at a $700,000 house. The highlighted numbers in the table show […]
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Buying a home The Mortgage Process: What You Need to Know [INFOGRAPHIC] The Mortgage Process: What You Need to Know:   Some Highlights: The Mortgage Process may seem complicated, but broken down into steps it becomes fairly straightforward. Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Get pre-approved […]
Buying a home 5 Reasons to Love Using A Real Estate Pro [INFOGRAPHIC]   Highlights: Hiring a real estate professional to guide you through the process of buying a home or selling your house can be one of the best decisions you make! They are there for you to help with paperwork, understanding the process, negotiations, and helping you with pricing (both when making an offer or setting […]
Buying a home Eastside Market Review – 4th Quarter 2017 Our Eastside Market Review is now available for the fourth quarter of 2017. You can read the full report online by clicking the image below.
Finance Where Are Mortgage Interest Rates Headed in 2018? 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 know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic […]
Buying a home Bidding wars – how long will they continue? Bidding Wars Abound… How Long Will They Continue? Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase. In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is […]
Buying a home 5 Reasons Millennials Choose to Buy   Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their […]
Real Estate What Impact Will the New Tax Code Have on Home Values? What Impact Will the New Tax Code Have on Home Values?  Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months.   Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using […]
Real Estate If You’re Considering Selling, ACT NOW!! If You’re Considering Selling, ACT NOW!! Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. […]