It’s common knowledge that having a good credit score will help you get a better interest rate on your mortgage. However, a new study has shown that a good credit score can save homebuyers tens of … [Read more...]
Fewer Young Adults Buying Homes Because of Rising Housing Costs, as Mortgage Rates Remain Low
Although mortgage rates remain low, rising housing costs are resulting in fewer young adults buying homes, according to a report by Freddie Mac. Homeownership rates, therefore, will likely trail … [Read more...]
Low U.S. Housing Inventory Results in More Competition, Higher Prices, Older Homes
A recent Zillow press release details the slowdown in construction of single-family homes in the U.S. This data can be used to observe some of the challenges faced in the country as a whole, in … [Read more...]
Tampa’s Rising Home Values Result of Job Growth and Strict Land-Use Regulations
Tampa is one of many metro areas in the U.S. experiencing a sharp increase in home prices, partially because of job growth and strict land-use regulations. Zillow’s research, with help from the … [Read more...]
Underwater Mortgages Down 70% From the Housing Crisis
At the height of the 2008 housing crisis, 30% of homeowners were underwater on their mortgage. That number sank to 9.1%, the lowest since the crash, as reported by Zillow in May of this year in light … [Read more...]
Federal Tax Cut Projected to Inject Nearly $40 Billion into the Housing Market
According to a report by Zillow, we may see as much as $40 billion injected into the housing market thanks to tax cuts for Americans. This is likely a result of more people buying homes, as investors … [Read more...]
Great News for Real Estate Investors – More People Prefer to Rent
There is great news for real estate investors – more people prefer to rent in today’s housing market. In the past, studies have shown that millennials are the only demographic that will continue to … [Read more...]
Home Values Quickly Rise at Fastest Pace in 12 Years
All across the country, home values have risen a staggering 8.7% since April 2017. This puts homes at a median value to $215,600, according to Zillow and confirmed by the Federal Housing Finance … [Read more...]
Home Possible Mortgages
Effective July 29, 2018, Fannie Mac is revising income limit requirements for Home Possible Mortgages to better focus on serving low-income and moderate-income borrowers. Freddie Mac is also rolling … [Read more...]
Homebuyers Should Focus on the Mortgage First, Then on Finding a Home
A recent study commissioned by Fannie Mae shows that homebuyers, especially when they are first starting out, should focus on getting a mortgage first, and then work on finding a home to buy. This is … [Read more...]
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