The ‘REAL’ News about Housing Affordability

Latest posts

The ‘REAL’ News about Housing Affordability
Image Featured Reading michael

Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here
Details

Renting or Buying… Either Way You’re Paying a Mortgage
Image Featured Reading michael

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month
Details

Mortgage Interest Rates Went Up Again… Should I Wait to Buy?
Image Featured Reading michael

Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they
Details

Mortgage Rates Impact on 2017 Home Values
Image Featured Reading michael

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors
Details

Thinking of Making an Offer? 4 Tips for Success
Image Featured Reading michael

So you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market that you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true! Freddie Mac covered “4 Tips
Details

Lunch and Learn Event: How to Attract Veteran Buyers
Image Event michael

Presents: Lunch and Learn How to attract Veteran buyers How to solicit Veteran buyers How to solicit Veteran sellers How to qualify the Veteran How to educate the Veteran How to educate the seller/listing agent of a Veteran buyer Handling the myths/objection for accepting a Veteran contract Veteran benefits of using a VA loan to
Details

Why Pre-Approval Should Be Your First Step
Image Featured Reading michael

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount 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
Details

The Fed Raised Rates: What Does that Mean for Housing?
Image Featured Reading michael

You may have heard that the Federal Reserve raised rates last month… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that the Federal Open Market Committee (FOMC),the policy-making arm of the Federal Reserve, would vote to raise the federal fund’s target rate at their
Details

Buying is Now 37.7% Cheaper Than Renting in the US
Image Featured Reading michael

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the way up to 53.2%
Details

Taking the Fear out of the Mortgage Process
Image Featured Reading michael

A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll
Details