Well, the experts (Fannie Mae, Freddie Mac, theMortgage Bankers’ Association and the National Association of Realtors) are weighing in with their most recent rate predictions for the new year and here they are! We finished 2014 with the 30 year fixed mortgage rate at 3.87% as per Freddie Mac. This is very close to the [...]
If you are like nearly half of Americans that were surveyed recently about down payment requirements, you might be under the impression that the traditional 20% down payment is the cost of entry to buying a home. If you have 20%, that's great BUT you don't NEED that much. In fact, for many years you have been [...]
The decision to buy a home in San Diego is being made easier than ever as rents go up, up, UP! It seems there is no shortage of news items like this these days.... Recently, CNBC’s Diana Olick reported that rents in the residential housing sector continued to rise in 2014. These [...]
If you've read some of our most recent posts, you'll know that demand for homes is still strong. The number of homes being offered for sale remains below historically balanced levels. If you are thinking of selling your home but are not sure what to do, consider these points: 1. There Is Less Competition Now [...]
The Gallup organization conducts an annual report entitled the Economy and Personal Finances Poll, which asks Americans to choose the best option for long-term investment. It was no surprise that real estate returned to the top position over other investment categories (gold, stocks/mutual funds, savings accounts/CDs and bonds). Back in 2011, gold was the most [...]
Over the last several years, as so many Americans witnessed the losses that came with the collapse of the real estate market, homeownership has lost some of its allure as a financial investment. Many homeowners suffered through the housing bust and as they did, more and more people began to question whether owning a home [...]
Over the last several years...especially since the real estate bubble burst in 2007 or so, we saw a glut on homes (foreclosures and short sales) available at "discounted" prices. "Discounted" is a term we real estate folks use to describe a home that is selling for less than what it's worth or a home that [...]
With the real estate market being on the side of home sellers recently, some home owners might be tempted to try to sell their home on their own (FSBO) without using the services of a real estate professional. It's understandable...why not save the money? How hard could it be to sell/list a home? You'd be [...]
Here's a REALLY interesting bit of information our from Trulia recently. In Trulia's 2014 Rent vs. Buy Report, they explained that homeownership remains cheaper than renting throughout the 100 largest metro areas in the United States; ranging from an average of 5% in Honolulu, all the way to 66% in Detroit, and 38% Nationwide! The [...]
Many people wonder whether they should hire a real estate professional to assist them in buying their dream home or if they should first try to go it on their own. In today’s market: you need an experienced professional! You Need an Expert Guide if you are Traveling a Dangerous Path The field of real [...]
