Realtor Ride-A-Long

Buy with less than 20% down!

You don’t need to wait until you have 20% down to buy a house!

Thinking of Buying a Home? What are you Waiting for?

  With spring right around the corner, you may be wondering if you should wait to enter the housing market. Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.3% over the… Read More

Are the Kids Finally Ready to Move Out?

During the recession, many young adults graduating from college were forced to move back in with their parents. This caused new household formations to drop dramatically from the long term average of 1.2 million formations annually to half that number. However, this may be the year this turns back around. According to the Urban Land… Read More

Where Are Mortgage Rates Headed? This Winter? Next Year?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created… Read More

Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Indexhomeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question: Is it better to rent or buy a home in today’s housing market? The index examines that entire US… Read More

Credit Score Requirements LOWER As Interest Rates CREEP UP!

Some Highlights: The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014. The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!) The average down payment of FHA loans closed was just 4%!

Thinking of Buying a Home? Ask Yourself These 3 Questions!

If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually… Read More

Existing Home Prices Hit Record

Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report. The report announced that the median existing-home price in June was $236,400. That value surpasses the peak median sales price set in July 2006 ($230,400). This revelation created many headlines exclaiming that home prices had hit a “new record”: Wall Street Journal: Existing-Home Prices Hit… Read More

Home Ownership: The Real Story Behind the Headlines

  The big housing news this week is that the homeownership rate has dropped to 63.4% which represents the lowest rate in 48 years. That news definitely is making headlines. Yet, to fully understand what this means we have to look at the story that created these headlines. There is no doubt the homeownership rate… Read More