April 17, 2017 10:09 am
If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.
April 13, 2017 10:06 am
The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac
). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen.
April 12, 2017 10:03 am
A recent report released by Down Payment Resource
shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January.
April 11, 2017 10:03 am
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.