OWNING A HOME REALLY HELPS WITH TAXES

Tax Return Depressing? Owning a Home Could Help Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way Read More

CHECK THIS OUT, MORTGAGES ARE GETTING EASIER

NOW THIS IS NEWS!!!!! Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are Read More

BUY NOW OR PAY MORE LATER

BUY NOW OR PAY MORE LATER Here is how the recent changes in mortgage interest rates would have affected the principal and interest payment for a typical starter home of $350,000.   October, 2016, Interest Rate of 3.6%, Monthly P & I Payment = $1,432 December 2016, Actual Interest Rate Read More

SELL AND MOVE UP NOW!!! FIVE REASONS WHY!!!

The below article reflects the national perspective for making that move up buy to the house your really want now. And, all of the below reasons for selling now also apply to our area because there is less than 6 months of inventory.For the past couple of years, we have Read More

HOUSE PRICE BUBBLE ?????

House Price Bubble, Not Right Now These data are more compelling data points that home prices are not getting us back into bubble range. I agree with the argument FOR THE TIME BEING!!!!. What I mean by that is this. Essentially, home mortgage lending is a federal government monopoly. Almost Read More

MORTGAGE MYTHS

For the good and bad of it (and there is both a bad and good side to this), home mortgages require only 3% down and as low as a 580 FICO score to qualify. Great news for credit worthy but cash starved buyers; maybe bad news for the health of Read More

RENT OR OWN, YOU PAY A MORTGAGE

Rent or Own, You Pay a Mortgage. Have written about this topic frequently in the past. This is another nice summary of the reasons to get into a home of your own and build your net worth instead of the landlord. There are some people that have not purchased a Read More

SHOULD I BUY NOW OR WAIT?

Should I Buy Now or Wait? This is a short and right to the point summary of why it makes great sense to buy that first house now or sell, and make that move up buy now. If the house you want costs $250,000 now, waiting a year will cost Read More

SALES AT HIGHEST PACE IN 9 YEARS

Sales at highest pace in 9 years, prices up, inventory down, interest rates low, what could be better for the real estate market? Like the fellow says, every silver lining has a cloud or two. At the risk of being like the proverbial skunk at a garden party, here is Read More

HOUSING PRICES, STILL UP OR NOT?

  Are housing prices still on the way up or are we headed for a correction? One more supporting piece of data that says the right time to make that first buy or move up buy is now. However, I would feel a lot better if two of the predictors Read More

FORECLOSURES DOWN, BUY NOW

Bottom line, foreclosures are down, way way down as are the numbers of people who are seriously delinquent in their mortgages. So what you say? Well this is another reason to buy that first house now or to make that move up buy. Our area had a HUGE HANGOVER of Read More