Housing Market Fall 2018 – Every Hour [INFOGRAPHIC]
Every Hour in the US Housing Market:
596 Homes Sell
278 Homes Regain Positive Equity
Median Home Values Go Up $1.20
Glen Hagen
How Will Home Sales Measure Up In 2019?
There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources: Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real […]
Removing Fear From the Mortgage Process
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]
Are You Spending TOO Much on Rent?
Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]
You Need A Pro in Your Corner
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]
Buying a Home Can Be Scary [INFOGRAPHIC]
![Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market](https://files.simplifyingthemarket.com/wp-content/uploads/2018/10/17130315/20181026-Share-STM.jpg)
Some Highlights:
Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:
- 72% of buyers who purchased homes this year have put down less than 20%.
- 4% of loan applications were approved last month.
- The average credit score of approved loans was 727 in September.