Everyone has been uncertain about the market and whether they should buy or not mostly because of the combination of interest rates, inflation and general affordability. But here's a strategy buyers should be taking advantage of right now if you're serious about buying. Get approved for your maximum loan amount and payment you are comfortable [...]
In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% [...]
A recent post by the National Association of Realtors (NAR) revealed that in the months of December 2014 through February 2015, there was an increase in the number of first-time buyers making a down payment of 6% or less as compared to last year: 2014: 61% of first time home buyers 2015: 66% of first [...]
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average [...]
We recently reported that investment purchases in 2014 fell 7.4% for the year, that combined with a diminished supply of distressed inventory allowing for big profits, has real estate investors looking for a new way to make more money in 2015. So if they don’t have new properties to buy… how would they make more [...]
Matthew Rognlie, from the Department of Economics at MIT, recently released a paper:Deciphering the Fall and Rise in the Net Capital Share. One of the major findings of the report is that homeownership is and has been for the last fifty years a major component to family wealth. An article on the study in The [...]
This month, Freddie Mac is scheduled to start buying mortgages with down payments of only three percent – the first time down payments have been this low on Freddie Mac loans in nearly five years. The program is called Freddie Mac Home Possible AdvantageSM. In a recent Executive Perspectives, Dave Lowman EVP, Single-Family Business Freddie Mac, [...]
Home Buying Checklist - The Importance of getting a home inspection. When buying a home and while in the escrow process. You're typically afforded the right to a home inspection. It is highly advisable to conduct that inspection as soon as possible once your offer is accepted. Never waive your inspection or "have a friend [...]
Make Good Offers Great Offers - It can be really upsetting when after all your hunting, you finally find the perfect dream home and you lose it because of one or more simple mistakes. It's been a life long lesson that is taught in every generation but most people don't know it simply because these [...]
