Archive for September, 2019

Home Prices Increase in Every Price Range

Posted on: September 17th, 2019 by , No Comments

CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also analyzed four individual home-price tiers, showing the increase in each. To clarify the methodology, CoreLogic explains, “The four price tiers are based on the median sale price and are as follows: homes priced at 75% or less of the median (low price),

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Things to Avoid After Applying for a Mortgage

Posted on: September 17th, 2019 by , No Comments

Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how your decisions will impact your home loan. Below is a list of Things You Shouldn’t Do

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What Is the Probability That Home Values Sink?

Posted on: September 12th, 2019 by , No Comments

With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. However, the experts disagree with this perspective. Here is a table showing the predicted levels of appreciation from six major housing sources: As we can see, every source

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Millennial Buying Power Poised to Boost Homeownership

Posted on: September 11th, 2019 by , No Comments

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making their interest in embracing homeownership stronger than ever, “Millennials—the most educated generation—have the highest incomes across their generational cohorts, even when

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Home Sales Expected to Continue Increasing In 2020

Posted on: September 9th, 2019 by , No Comments

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year.

Why All the Chicken Littles Should Calm Down

Posted on: September 6th, 2019 by , No Comments

The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership. The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in 2004. The Census Bureau reported that the second quarter of 2019 ended with a homeownership rate

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A+ Reasons to Hire a Real Estate Pro

Posted on: September 6th, 2019 by , No Comments

Some Highlights: Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most powerful decisions you can make. A real estate professional has the experience to help you confidently navigate through the entire process. Make sure you work with someone who knows the current market conditions and can simply and effectively explain them to you and your family.

How Property Taxes Can Impact Your Mortgage Payment

Posted on: September 4th, 2019 by , No Comments

How Property Taxes Can Impact Your Mortgage Payment