Monthly Archives: December 2015

Selling Your House? 5 Reasons You Shouldn’t For Sale By Owner

   In today’s market, with homes selling quickly and prices rising, some homeowners might consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons this might not be … Continue reading

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Foreclosure Inventory Drops As Economy Improves

  Some Highlights: Foreclosure Inventory has dropped year-over-year for the last 4 years (48 months). Only 3.4% of US homes are in serious delinquency. 29 states have a foreclosure inventory rate lower than the national average. For more information you … Continue reading

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You Will Need to Sell Your Home Twice

 A recent poston “The Home Story”, a site published by Fannie Mae, explained the difference between the price a seller may get for their home and the value an appraiser might assign the property. The Sales Price Of course, most sellers want to … Continue reading

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Millennials: What FICO Score is Needed to Buy a Home?

   In a recent article by the Wharton School of Business at the University of Pennsylvania, it was revealed that some Millennials are not looking to purchase a home simply because they don’t believe they can qualify for a mortgage. The article quoted Jessica … Continue reading

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Existing Home Sales Up 3.9%

  Some Highlights: The annual adjusted sales are currently at a 5.36 million pace. 14,684 homes sell every day in the United States. October marked the 44th consecutive month of price gains.

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The Impact of Higher Interest Rates

   Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed: “The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, … Continue reading

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Prices & Mortgage Rates Going Up in 2016

   The monthly mortgage payment on a home is determined by two elements: the price of the house and the interest rate you pay on your mortgage. Recently released reports are revealing that the experts expect both elements to increase … Continue reading

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