Mar 22, 2021 | For Buyers, Home Financing, Real Estate
January saw single-family home purchases rise 4.3% above December’s numbers. Experts see this impressive growth as a sign of an improving economy on the horizon. Home sales remain robust despite rates on 30-year fixed mortgages passing 3% earlier this month. Source:...
Mar 15, 2021 | For Buyers, Home Financing, Market Trends, Real Estate, Rent vs Own
Right now, headlines suggest that homes have become unaffordable for most Americans. But in reality, evidence shows that owning a home is more affordable than renting in most parts of the country. Record-low interest rates are keeping monthly mortgage payments about...
Mar 15, 2021 | For Buyers, For Sellers, Home Financing, Market Trends, Real Estate
Overall housing inventory plummeted 43% in January compared to the same time in 2020. New listings were also down by 23% year over year. The home shortage increased the median home prices by 15.4%. The market is so tight that the typical home spends 10 days less on...
Mar 2, 2021 | For Buyers, Home Financing
FICO, Experian, Equifax and TransUnion are all different credit bureaus calculating credit scores. A borrower’s credit score will impact mortgage pricing. If there is a significant difference in the expected score and the actual score, this may indicate fraud or an...
Nov 30, 2019 | For Buyers, For Sellers, Home Financing, Market Trends, Real Estate
Mortgages are once again incredibly low: Last year mortgage rates kept dropping. The current 30 year fixed mortgage rate stands at 3.49%. just 0.18 over the all time historic low. Home Prices are rising: Home prices rose 3.6% over last year (as of July 2019). We are...
Nov 21, 2019 | For Buyers, Home Financing, Market Trends, Real Estate, Rent vs Own
I’ll challenge the idea that there is a ‘best’ time to buy or sell a home: Mortgage Rates Jump around. Even a small change in rates makes a large difference in home prices. This change is unpredictable. Statistics tell only part of the Story Home prices and demand...
