Average fixed mortgage rates were lower this week than the same time last year, according to the recently released Primary Mortgage Market Survey® (PMMS®), put out by Freddie Mac. “Mortgage rates were down following the release of first quarter real GDP final estimate, which fell at a 2.9 percent annualized rate, a steeper than expected decline and the worst reading …
After plunging throughout 2012 and for much of 2013, and rising only modestly through the beginning of this year, the inventory of all for-sale homes nationwide spiked in May, jumping 11.8 percent year-over-year according to the May Zillow® Real Estate Market Reports. But most of those gains in inventory were made among homes priced in the middle and top one-third of …
Why do we have walk-through’s in the real estate market? So that buyers can ensure that the property is perfect one more time before they close the deal. Whenever you make an offer on a home, you negotiate with them about certain things, and the walk-through is the perfect opportunity to see if your requests have been adhered to and …
There are people who spend months in finding a house perfect for their family, but when it comes to choosing the neighborhood, they do not pay much attention to it. Finding a perfect neighborhood is as important as looking for your dream house that fits your requirements. The amenities, neighbors, school is what makes your life a perfect one. Here …
Are you prepared to buy a new house? Are you confused on how to budget for your buying expenses? Taking the step of buying a house would first require you to determine how much you can afford financially. Sometimes, first-time buyers exceed their budget limit to buy the house they want. This act might lead them into situations where they …
Home prices may be on the rise, but America still has quite a few affordable homes. First time home buyers will want to lay their hands on them, but there is just one problem. These homes are not on the market as yet and will not be for some time. Why? The current owners of these homes have negative equity …
Do you want to place your house on the market this year? Indeed, this is a buyer’s market, and you do have an edge. What plans do you have with regards to pricing? Is higher than the market value what you are going to demand? That is what most sellers are doing right now which has created bidding wars on …
Congratulations, you have finally bought a new home. Though most of the difficult part is now over, there is still one that remains. You guessed it right, moving. It may not be as hard as buying a house, but it is stressful and time consuming. Plus it can be expensive, and you should plan in advance. A reputed moving company …
There are so many people who refrain from even looking into buying a home because they fear they will not be able to obtain a great loan rate or even qualify for a mortgage. This year, more than ever a misconception about mortgages among first-time buyers has taken hold of the real estate market. With that being said, let’s take …
