The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe [...]
The following is an representation for our readers of an excellent article on HousingWire.com that was written by Ken Chaplin. Mr Chaplin is currently senior vice president, chief marketing officer with TransUnion. I think that it is fantastically succinct and easy to understand. I would try to reconvey these ideas in my own post but he's done such [...]
The holiday season is behind us, time to focus on what exciting new experiences 2015 can bring! If you are planning on becoming a homeowner, or moving up to the home of your dreams in 2015, here are four great reasons to consider buying a home now, instead of waiting until spring. 1. Prices Will [...]
If you own a home in the San Diego area, you might be happy to know that your home appreciated last year and a rate that was 50% faster than the national average. Just today, an article reported that the median price of a home in San Diego jumped to $495,000 by the end of last [...]
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 [...]
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 [...]
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 [...]
I was just reading an article that sighted some data from Zillow regarding a list of America's least affordable cities. San Diego made the list....SHOCKER!! Yes, San Diego is more expensive to live in than a number of other places in US. But, there's a reason for that! I wish I had a dollar for [...]
We've blogged about this before...For Sale by Owner (FSBO) is something some home sellers consider in an effort to keep more of the proceeds from the sale. We understand! Why wouldn't you want to sell the home on your own? What could be so hard? Run and ad or put up a sign and the [...]
