by hjadmin | Mar 24, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing
For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then...
by hjadmin | Mar 23, 2021 | For Buyers, For Sellers, Housing Market Updates
Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in recent years. A cash-out refinance, as defined by Investopia,...
by hjadmin | Mar 22, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to...
by hjadmin | Mar 17, 2021 | For Buyers, For Sellers, New Construction
Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and February activity in over a decade. Then came the announcement on March 11,...
by hjadmin | Mar 16, 2021 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has...
by hjadmin | Mar 15, 2021 | First Time Home Buyers, For Buyers, Move-Up Buyers
Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream...
