- Today's Market Update
- The average down payment for first-time homebuyers is only 6%!
- Despite mortgage interest rates being over 4%, rates are still below historic numbers.
- 88% of property managers raised their rents in the last 12 months!
- The credit score requirements for mortgage approval continue to fall.
- A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices!
- Inventory continues to rise in the luxury & premium home markets which is causing prices to cool.
- Demand continues to rise with low inventory in the starter & trade-up home markets, causing prices to rise!
Date: Fri, 20 Apr 2018 10:00:20 GMT
Date: Thu, 19 Apr 2018 10:00:41 GMT
Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time. These developments have […]
Date: Wed, 18 Apr 2018 10:00:14 GMT
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C. States in the Midwest came out […]
Date: Tue, 17 Apr 2018 10:00:48 GMT
Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home this […]
Date: Mon, 16 Apr 2018 10:00:36 GMT
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]
Date: Fri, 13 Apr 2018 10:00:51 GMT
Date: Thu, 12 Apr 2018 10:00:28 GMT
There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price of […]
Date: Wed, 11 Apr 2018 10:00:44 GMT
Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of […]
- Home Buying Tips
Date: Sun, 01 Apr 2018 17:00:20 GMT
(TNS)—If you’ve been thinking about buying a second home, now is a good time to take the leap. Mortgage rates are still historically low. But there are some vital things to do before you start shopping. Follow these steps to make buying a second home a smooth process: The best way to start the search […]
Date: Tue, 27 Mar 2018 20:43:15 GMT
Today’s Ask the Expert column features Dan Steward, president of Pillar To Post Home Inspectors. Q: Should sellers get a home inspection to help the mortgage process along? A: If you’re a seller, it behooves you to get your own home inspection prior to putting your house on the market. But why spend money on one […]
The post Ask the Expert: Can a Home Inspection Help the Mortgage Process Along? appeared first on RISMedia.
Date: Tue, 27 Mar 2018 20:37:25 GMT
(TNS)—Buying a home is a huge investment—probably the most significant purchase of your life. It’s not something you should do without preparation. Before you start on the road to homeownership, make sure you are ready. Improve your credit score. A high credit score snags you the best deals. “Below 660 or 680, you’re either going […]
Date: Tue, 13 Mar 2018 20:23:54 GMT
There are many economic variables to consider when selling your home when interest rates are rising. If that’s the only changing economic variable, you’re generally going to see a negative impact on both home sales and home prices. This means as interest rates rise, the buyer pool for your home is going to shrink. In […]
The post What to Consider When Selling Your Home in a Rising Rate Environment appeared first on RISMedia.
Date: Sun, 04 Mar 2018 18:05:42 GMT
(TNS)—With housing inventory far lower than demand and mortgage rates poised to rise, it’s going to be a competitive market for homebuyers this spring. If you’re looking to buy a home this season, here’s how to prepare yourself to enter the fray. Get your financial house in order. Unless you plan on paying for the […]
The post 4 Ways to Prepare for a Competitive Spring Home-Buying Season appeared first on RISMedia.
Date: Thu, 18 Jan 2018 21:28:35 GMT
Today’s Ask the Expert column features Buddy Stark, director of Operations for HomeTeam Inspection Service. Q: What can sellers do to prepare for a home inspection? A: Completing these quick and easy tasks before beginning the selling process will help reduce stress and save your clients valuable time during the home-selling process. Clean the House […]
The post Ask the Expert: What Can Sellers Do to Prepare for a Home Inspection? appeared first on RISMedia.
Date: Wed, 03 Jan 2018 21:46:57 GMT
The following information is provided by the Center for REALTOR® Development (CRD). This article explains the four most common valuation methods used for real property transactions and how and when they are used. It’s important to note that the methods below are not necessarily mutually exclusive. Lenders, servicers, investors, and other professionals use one or […]
The post Making Sense of Valuation’s Alphabet Soup: CMAs, BPOs, AVMs and Appraisals appeared first on RISMedia.
Date: Mon, 25 Dec 2017 21:01:40 GMT
Today’s Ask the Expert column features Adam Long, president of HomeTeam Inspection Service. Q: What can be done to guide clients through the home inspection process? A: After being in business for 25 years and performing over a million inspections, HomeTeam Inspection Service has identified the top ways to ensure a smoother home inspection, contributing […]
The post Ask the Expert: How Can I Guide Clients Through the Home Inspection Process? appeared first on RISMedia.
Date: Mon, 04 Dec 2017 21:19:02 GMT
Today’s Ask the Expert column features Patty McNease, director of Marketing for Homes.com. Q: How can staging pave the way for a better sell? A: Staging allows your clients to show off the unique features of their home that buyers can come to love. During the holiday season, staging can make a home stand out […]
The post Ask the Expert: How Can Staging Pave the Way for a Better Sell? appeared first on RISMedia.
Date: Mon, 27 Nov 2017 21:00:31 GMT
While your credit score affects everything from your ability to buy a car or a home to how much interest you will pay on the loan, many people don’t know how these scores are calculated or what impacts them positively or negatively. Moreover, says the Credit Federation of America (CFA), more than 25 percent of […]