The National Association of Realtors recently released their 2016 Investment and Vacation Home Buyers Survey. The survey revealed many characteristics of both vacation home purchasers and investors. Two weeks ago, we posted on the vacation home market. Today, we want to concentrate on the investor real estate market. The survey revealed that investment-home sales in … Continued
The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report, which revealed that homes were on the market for an average of 47 days in March. This is a decrease from the 59 days reported in February, as well as the 52 days reported back in March 2015. 42% of homes … Continued
A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today. 1. Down Payment The survey revealed that consumers overestimate the down payment funds needed to … Continued
In today’s market, where demand is outpacing supply in many regions of the country, pricing a house is one of the biggest challenges real estate professionals face. Sellers often want to price their home higher than recommended, and many agents go along with the idea to keep their clients happy. However, the best agents realize … Continued
Some Highlights: 11% of new homebuyers stated “energy efficient features” as the reason for their purchase. The most popular remodeling projects done for energy efficiency were insulation upgrades, HVAC replacements, and vinyl & wood window installations. Research shows that word preference does make a difference when it comes to attracting “green buyers.” Source: Keeping Current … Continued
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If you’ve been paying your mortgage diligently, slowly seeing your roof disappear under water, and didn’t see any light at the end of the tunnel — your wait may be over! Many of us struggled between keeping our mortgage current while watching interest rates fall, only to be excluded from any refinancing options because we were “too far underwater”. No longer….
Fast Facts Calif. median home price: September 2011: $287,440 (Source: C.A.R.) Calif. highest median home price by region/county September 2011: Marin: $786,590 (Source: C.A.R.) Calif. lowest median home price by region/county September 2011: Siskiyou County: $113,330 (Source: C.A.R.) Calif. Pending Home Sales Index: September 2011: 118., an increase of 8.4 percent compared with a prior year. Calif. Traditional Housing Affordability Index: Second quarter 2011: 51 percent (Source: C.A.R.) … Continued
Yeah, how’s that!? That’s the difference between you and your neighbor who has a 760 credit score and your 639 score. They secured a home loan for 2% less than you (and a reduced Risk Assessment % — yep, that’s built into the loan APR from your lender, did ya know that?) which saves them … Continued
I say that a bit “tongue in cheek” but it does come as a result of my recent Broker renewal/exam class experience. The “cheater” used their notes (blatantly I may add) during the closed book test. Not just once, but again after being warned to put them away. Now understand, these tests are not super … Continued