Some Highlights:Hiring a Real Estate Professional to buy your dream home, or sell your current house, is one of the most 'educated' decisions you can make!A Real Estate Professional has the experience needed to help you through the entire process.Make sure that you hire someone who knows current market conditions & can simply & effectively explain them to you & your family! … [Read more...]
The Housing Market is Doing Just Fine
There are some that think that housing affordability is a challenge. Historically, that’s not true. Others think that home prices are approaching bubble values. If we look back over the last sixteen years, that is also not the case. As a matter of fact, the numbers show that the U.S. residential real estate market is doing just fine.Here are two articles and excerpts that make this point:The Housing Market Is Finally Starting to Look Healthy – The NY Times“It has been an excruciatingly long time … [Read more...]
Home Values: DEFINITELY NOT in Bubble Range!!
There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today.The graph definitely looks like a rollercoaster ride. And, as prices begin to reach 2006 levels again, it “seems logical” that the next part of the ride would be downhill. However, this graph includes the anomaly of the price bubble and the … [Read more...]
Win a YETI and LSU Football Tickets!
Please take a moment to leave us a review... or 2 or 3. Your efforts won't go unrewarded! For every review you leave (or have left in the past), you'll earn one entry into our tailgate giveaway! You'll also earn one entry for every past referral you've sent our way! We will be drawing two winners live on Facebook. *CLICK ONE OR MORE OF THE BELOW LINKS TO LEAVE YOUR REVIEW* ZILLOW REALTOR.COM GOOGLE … [Read more...]
Why Is There So Much Paperwork to Sign to Get a Mortgage?
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form.Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.There are two very good reasons that the loan process is much more … [Read more...]
Don’t Get Caught in the Rental Trap!
There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.Don’t Become TrappedJonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that,“Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they’ll outpace home price appreciation in the year ahead.”In the … [Read more...]
How Supply & Demand Impacts the Real Estate Market [INFOGRAPHIC]
Some Highlights:The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!Anything under a 6-month supply is a Seller’s Market!There has not been a 6-months inventory supply since August 2012!Buyer Demand continues to out-pace Seller Supply! … [Read more...]
How Scary is the Housing Affordability Index?
Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR).Here is how NAR defines the index:“The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data.”Basically, a value of … [Read more...]
Housing Market Slowing Down? Don’t Tell Builders!
Many experts have been calling upon home builders to ramp up construction to help with the lack of existing inventory for sale. For the past two months, new home sales have surged, with July’s total coming in at the highest since October 2007.The latest estimates from the US Census Bureau and Department of Housing and Urban Development show that sales in July were 31.3% higher than this time last year, and 12.4% higher than last month, at a seasonally adjusted annual rate of … [Read more...]
2 Myths About Mortgages That May Be Holding Back Buyers
Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria?” Study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home.Myth #1: “I Need a 20% Down Payment”Fannie Mae’s survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 76% of Americans either don’t know (40%) or are misinformed (36%) about the minimum down … [Read more...]
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