General Posts

June 21, 2016

Capture the Glory of the Summer of 2016 and Lock In Low Mortgage Rates

As reported by http://www.realtor.com on 6/9/16 by Jonathan Smoke

If you are among the estimated 3 million households likely to close on the purchase of a home from now through August, the summer of ’16 is looking like a golden period of low mortgage rates.

The average rate …

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June 21, 2016

Are You Planning On Buying a Foreclosed Home. Here Is The Info You Need to Know

As reported by http://www.realtor.com on 6/14/16 by Margaret Heidenry

If you’re looking to score a deal while house hunting, you may have considered buying a foreclosed home. These are houses whose owners were unable to pay the mortgage or sell the property. As a result, the lender assumed ownership …

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June 21, 2016

Do Not Be Shocked by These Hidden Costs of Buying a Home

As reported by http://www.realtor.com on 6/8/16 by Sara Rathner

When you’re thinking about buying your first home, it might seem like it’s all about the down payment. You save for years to have it, and you base a good portion of your home-buying budget on it.

Next comes …

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June 21, 2016

What Is a Short Sale? The Long and Short Of It

As reported by http://www.realtor.com on 5/5/16 by Judy Dutton

What is a short sale? Let’s break it down. Say you’re selling your home; however, the offer you get is so low, it won’t cover the total amount you owe on your mortgage. But you need to unload it, so …

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June 21, 2016

Are subprime mortgages back and what does it mean if they are?

As reported by Inman News on 6/20/16

I’m going to try to be cheerful about this, but I’m not.

I got invited last week to a very fancy small luncheon with a top Wall Street researcher/analyst — a household-name firm.

The guy (in suspenders) spoke on …

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June 21, 2016

Americans Biggest Homebuying Fear? Not Finding a Place They Like

As reported by Inman News on 6/15/16 by Marian McPherson

Today the Federal Reserve will hold a much-anticipated meeting and decide whether to increase the cost of money.

According to a report by Inman writer Lou Barnes, the Fed’s fund rate is at an all-time emergency low, and …

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June 21, 2016

The First 10 Things You Should Buy for Your New Home

As reported by http://www.realtor.com on 6/20/16 by Jamie Wiebe

The emptiness of a new home can be overwhelming. With so much space to fill and so many decorating decisions to make, you might feel like your house will never be truly yours.

But there’s no need to go …

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June 21, 2016

11 Budget-Friendly Staging Ideas That Will Wow Buyers

As reported by http://www.realtor.com on 6/21/16 by Margaret Heidenry

It’s a classic conundrum: Staging a home increases its value on the open market, but the whole process can be expensive. You have to shell out to hire a stager and rent furniture and art. If professional staging isn’t in …

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June 21, 2016

Fine Balance Needed between Property Rights and the Regulation of Short-term Rentals

As reported by the National Association of Realtors (www.realtor.org) on 5/13/16

Mobile and online technology and evolving consumer tastes are changing the dynamics of renting property, and the debate on whether the regulatory response from state and local governments clashes with individual property rights will likely continue, …

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June 21, 2016

Existing Home Sales on Course for the Best Year since 2006, but Student Loan Debt is Slowing Prospective Buyers

As reported by the National Association of Realtors (http://www.realtor.org) on 5/12/16

Relentless supply constraints and home price growth outpacing wages are testing the patience of homebuyers this year, but existing-home sales are still on track to come in at their highest pace since 2006, according to an …

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