First-Time Buyer Market More first-time buyers emerged on the market in the third quarter—a modest rise, but one that economists are still upbeat about. First-time buyers purchased 591,000 homes in the third quarter, a year-over-year increase of 1%, Genworth Mortgage Insurance reports. First-time buyers comprised 39% of all buyers in the single-family market, and 55% …
Category: Real Estate Tips
Dec 11
Are you ready to move?
Are you ready to move? We specialize in programs for the first time home buyers! Buying your first home is an exciting and stressful time. Luckily, there are many financing plans available to help you achieve the American dream of home ownership. You deserve to know all your options. See the photo below, then contact …
Dec 10
Winter Vacation Home Buyers
Winter Vacation Home Buyers Vermont may offer some of the best opportunities for a winter investment property, according to new rankings released by Vacasa, a U.S. vacation rental management company. The firm identified the best places to buy a vacation home in 2019, factoring in aggregate cap rates and the ratio of a property’s net …
Dec 09
Mortgage Rates Stay Steady
Mortgage Rates Stay Steady The 30-year fixed-rate mortgage didn’t budge this week, maintaining its same 3.68% average from last week. “This week the economy sent mixed signals, leaving mortgage rates unchanged,” says Sam Khater, Freddie Mac’s chief economist. “Survey data for manufacturing and service industries varied while construction spending fell modestly. However, home buyer demand …
Dec 06
Caps Removed for VA Loans
Caps Removed for VA Loans Veterans may be eligible to buy larger homes in pricier communities—still without a down payment—starting next year. Those taking out Veteran Affairs–backed mortgages will find caps removed on what they can spend in 2020. The Blue Water Navy Veterans Act of 2019 removed the caps for the new year. But …
Dec 05
Find The Lowest Mortgage Refinance Rates
Find The Lowest Mortgage Refinance Rates Over the past year, mortgage interest rates have dropped more than 1 percentage point, creating a rush to refinance. But homeowners in some states are having better luck at refinancing their mortgage and locking in a lower monthly payment on their mortgage. Overall, about 75% of mortgage refinance applications …
Dec 04
Pre – Approval Checklist for your Home Purchase
Pre – Approval Checklist for your Home Purchase Use the image below to go over the items you will need to have everything in order when you are thinking of buying a new home. Having a checklist of the documents you’ll need when seeking a preapproval can really come in handy. John Coneys …
Dec 03
Decks Losing Favor With Homeowners
Decks Losing Favor With Homeowners Fewer new homes are being built with outdoor decks, the latest census data shows. In 2018, the most recent data available, about 22.6% of newly built single-family homes had decks, which is down a full percentage point from a year earlier, the National Association of Home Builders reports. The share …
Dec 02
Winter Is the Best Time for Home Buyers
Winter Is the Best Time for Home Buyers The best days of the year to buy a home all fall in the month of December, according to a new analysis released by ATTOM Data Solutions, a real estate data firm. Buyers who close on a home purchase the day after Christmas—Dec. 26—will likely realize the …
Nov 27
Credit tips when applying for a mortgage
Credit tips when applying for a mortgage See photo below for all the information about this topic. Then give me a call to discuss. Good credit is critical when it comes to obtaining the best interest rates and terms on a mortgage. John Coneys of Freedom Mortgage, and I want to offer you some …
Nov 26
Mortgage Prepayments Climb
Mortgage Prepayments Climb Mortgage prepayments, a common gauge for housing and refinancing demand, jumped to its highest level since May 2013—a good sign for the market, according to a new analysis from data and analystics firm Black Knight. Mortgage prepayments were at 1.81% in October, more than double the figure a year ago. That represents …
Nov 25
Home Staging Tips
Home Staging Tips The master bedroom is an important room to stage in oder to help potential buyers feel right at home. Apartment Therapy recently highlighted tips from designers on how to achieve a posh bedroom look without spending big bucks. A few of their ideas include: Add overstuffed pillows. Overstuffed decorative throw cushions can …
