Published 25 December 2016 Home sellers are facing more competition than ever. As a result, sellers of both new and existing homes are now offering property upgrades, building improvements and cash incentives in an effort to attract as many buyers as possible to their properties. Whatever the incentive, the bottom line is sellers of all
Read MorePublished 18 December 2016 According to the National Association of Realtors (NAR’s) 2016 Profile of Home Buyers and Sellers, the most difficult step in the homebuying process is saving for a down payment. HouseLogic.com, which is NAR’s site for homeowners, recently reported that the 20 percent down payment requirement is “one of the biggest misconceptions in home
Read MorePublished 11 December 2016 On November 29th, the S&P Indices, which provides benchmarks for investable products used in the financial sector, such as mortgage-backed securities, released the results of the latest S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index for September. According to the report, the index “surpassed the peak set in July 2006
Read MorePublished 4 December 2016 Between Monday and Wednesday of each week, the Federal Home Loan Mortgage Corporation (aka Freddie Mac) collects mortgage pricing data from approximately 125 U.S. mortgage lenders. The survey, which is published each Thursday, details the average rates and points lenders are charging that week for their most popular 30 and 15-year
Read MorePublished 27 November 2016 According to the National Association of Realtors 2015 Remodeling Impact Report, homeowners spent more than $326 billion on remodeling projects through the first ten months of 2015. Some owners took on projects to prepare their properties for sale. Others made changes purely to increase the quality of their lives at home.
Read MorePublished 20 November 2016 Prior to the Great Depression of the 1930s, obtaining a mortgage was a challenging task. Down payments were typically 50 percent of the purchase price, loan terms seldom exceeded 10-years, and balloon payments were the order of the day. It wasn’t until the passage of the Federal Home Loan Bank Act
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