Why We Fall in Love—With Houses

Falling in love can be wonderful—and finding the perfect house can make a house-hunter weak in the knees. As Valentine’s Day approaches, a survey by Realtor.com shows that falling head-over-heels for a house is fairly common—69% of respondents reported that they have had a home crush. House-hunters with a “home crush,” as defined in the [...]

2016-10-21T00:14:55+00:00December 17, 2015|Buyer Resource, Uncategorized|

Fed Keeps Interest Rates, Bond-Buying Program Unchanged

To the surprise of virtually no one, the Federal Reserve kept its cheap-money policy in place, but markets interpreted language in the decision to mean that the end may come sooner than expected. Wall Street had expected the Fed to refrain from tapering its so-called money printing operation. Economic data, particularly in employment and consumer confidence, has [...]

2016-10-21T00:14:55+00:00December 15, 2015|Mortgage, Uncategorized|

Mortgage Lenders Reportedly Accepting Lower Down Payments

The average down payment for 30-year fixed rate mortgages dropped to 15.73 percent of the home's value in the third quarter this year, down 2.74 percent from the second quarter, according to a report from LendingTree. A news release about report, which detailed the average down payment percentages by state, highlighted the relationship between down [...]

2016-10-21T00:14:55+00:00December 14, 2015|Mortgage, Uncategorized|

Home Prices Expected to Rise at least 3.3 Percent Annually though 2017

The housing recovery is expected to grow at an annualized rate 0.6 percent through the third quarter of this year, then gain momentum and prices are projected to grow 3.7 percent between the third quarters of 2013 and 2014 until settling down to 3.3 percent annual increases over the next three years according to Fiserv, [...]

2016-10-21T00:14:56+00:00November 23, 2015|Real Estate Information, Uncategorized|

Got cash, good credit? Experts say owning rental housing can pay off even as market recovers

Low mortgage rates have made buying a home more affordable and turned rentals into an attractive option for investors. Throughout the downturn in the housing market, average investors, sometimes pooling their money, have bought foreclosures at a sharp discount and turned them into rentals. Many homeowners also have purchased a second home and rented [...]

2016-10-21T00:14:56+00:00November 23, 2015|Real Estate Information, Uncategorized|

Fair Market Value

What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the [...]

2016-10-21T00:14:56+00:00November 23, 2015|Homeowner Resource, Uncategorized|
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