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Real Estate Facts: A Look at the Spring 2014 Housing Market

By | March 4th, 2014|

Last year, housing prices increased more than they had in seven years, and buyers’ markets turned into sellers’ markets overnight. In many cities and towns across the country, this price jump was a result of inventory shortages that forced buyers to compete over the few homes that were available for sale. Will the housing recovery [...]

Why Many Homeowners Are Still Underwater

By | March 2nd, 2014|

This week we found out that the negative equity rate for 2013 homeowners was below 20 percent for the first time in years, according to Zillow. Negative equity is when a house is worth less than the mortgage amount – commonly referred to as underwater. One year ago, 27.5 percent of all homeowners with a [...]

How Homebuyers Can Avoid Paying for Private Mortgage Insurance

By | February 25th, 2014|

Private mortgage insurance, or PMI, can be a large new expense for homebuyers to take on each month. Fortunately, there are ways to avoid paying for PMI. If homebuyers are able to invest enough equity in their property, private mortgage insurance will not be required by the lender. If homebuyers put at least 20 percent [...]

Making A Low-Ball Bid to Buy Your Dream Home

By | February 18th, 2014|

Making a low-ball bid can be risky, but if your dream home is out of your price range, it might be your only chance of owning it. There are ways to make your low-ball bid attractive to the seller and real estate broker, not offensive. Present the offer well and sellers could be enticed to [...]

How to Find a Single-Family Rental Home

By | February 17th, 2014|

Are you starting to feel cramped in your apartment? Are you ready to start a family but not ready for homeownership? Did the housing crash leave you skeptical about buying a home? If so, you might want to consider renting a single-family home. The single-family rental market has exploded since the housing crash—many of these [...]

Put Down Earnest Money When Buying Your Dream Home

By | February 11th, 2014|

Earnest money could seal the deal when buying your dream home. When a homebuyer finds his or her dream house and it’s time to get serious, putting down earnest money is a great step toward closing – but what is earnest money? Earnest money is how homebuyers show the seller they are truly interested in [...]

Real Estate Tips: Four Reasons You May Want to Use a Buyer’s Agent

By | February 11th, 2014|

In many ways, the Internet has made buying a home easier. Instead of relying on a real estate agent to mine the best listings for you, you can simply plug in your search criteria to a national or local real estate listing site to see what’s available in your area. You can also apply for [...]

Four Trends for the 2014 Housing Market Recovery

By | February 9th, 2014|

Home prices are rising and foreclosures have gone down but several risk factors still face the 2014 housing market recovery. Daren Blomquist, Vice President of RealtyTrac, shared these four trends for the 2014 housing market recovery. RealtyTrac is a company that collects and analyzes real estate data and is one of the only major real [...]

How Finding a Good Real Estate Broker Can Help Homebuyers

By | February 4th, 2014|

Sometimes first-time homebuyers are unsure of exactly how finding a good real estate broker can help them. While it may be tempting to save money on searching for a new home by going it alone, using a real estate broker can have big benefits. Namely, real estate brokers often have access to more information about [...]

Four Rules For Refinancing Your Mortgage

By | February 2nd, 2014|

It’s still a good time to refinance. In fact, it’s a great time to refinance your mortgage. Interest rates remain at historic lows, and locking in a low mortgage rate could save you a lot of money—tens of thousands of dollars over the life of your mortgage. Refinancing now is a smart move, but it’s [...]

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