Recent Posts

No Need to Fear Rising Mortgage Rates

History shows us that we don’t need to fear the recent spikes in mortgage rates because they won’t have an impact on home prices, according to Fannie Mae researchers in a new report. Fannie Mae evaluated the trajectory of mortgage rates since 1990. Over the years, researchers have found that rising rates don’t hamper home […]

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Are Young Home Buyers Being Left Behind?

Young, first-time buyers are struggling to purchase a home. With low inventories of homes for sale, young first-timers are finding themselves competing against other bidders who are willing to pay cash. Meanwhile, many young buyers are having trouble qualifying for a loan, often due to high student loan debt. Overall, young buyers have been left […]

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5 Things to do Before Putting Your Home on the Market

Have a pre-sale home inspection. Be proactive by arranging for a pre-sale home inspection. An inspector will be able to give you a good indication of the trouble areas that will stand out to potential buyers, and you’ll be able to make repairs before open houses begin. Organize and clean. Pare down clutter and pack […]

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Rising Housing Market Likely to Lift Job Mobility

Home owners are starting to feel freer to move where the jobs are, Reuters reports, as worries about homes that won’t sell or will sell at a loss begin to fade. Since early 2012, home prices in the major metro areas have been rising. Homes are also selling faster: It took 62 days, on average, […]

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Big Predictions for Housing for Next 2 Years

Home sales are projected to post some big gains in the next two years, according to Fannie Mae’s latest monthly economic outlook. Fannie Mae economists predict that existing-home sales will rise by 10.5 percent this year, and by 6.2 percent in 2014. The economists made even bolder projections for new single-family home sales — growing […]

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FHA loans get pricier April 1

The Federal Housing Administration will charge borrowers higher mortgage insurance premiums on new FHA loans starting next week. If you are planning on getting an FHA loan in coming days, make sure your lender gets a case number from the FHA before Monday to avoid the higher fee. Lenders normally can get the case number assigned to […]

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Foreclosure Discounts Vanishing

DAILY REAL ESTATE NEWS | TUESDAY, NOVEMBER 20, 2012 Foreclosure discounts have nearly dried up due to low inventory levels, according to the latest housing reports. The average discount nationwide for foreclosure properties has fallen to 7.7 percent, according to Zillow research. In some parts of the country, there is no foreclosure discount when compared […]

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Steer Clear of These Six Common Homebuyer Errors

  What Not to do When Buying a Home Buying a home is not an everyday activity. There’s a learning curve, which explains why real estate experts see the same blunders again and again. From confusing the seller’s agent for your new best bud to putting all your available cash on the table at closing, […]

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Buyers Worried They’re Losing Bargaining Power

While home buyers have been holding a lot of bargaining power in the housing market the last few years, more of them say they are now feeling the market shift against them, according to a new survey. Seven in 10 home buyers say they’ve faced competition on a home for at least one offer, according […]

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Metro Area Home Prices Rise

Median existing single-family home prices are rising in more metropolitan areas, but a lack of inventory — notably in lower price ranges — is limiting buyer choices in an increasing number of markets around the country, according to the latest quarterly report by the National Association of REALTORS® (NAR). The median existing single-family home price rose in […]

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