Down Payments for Lower-Priced Homes Too High – Double

Let #bobwert #remax Help You Find #therighthome #lebanoncountypa Buyers looking at lower-priced homes are not only facing major inventory hurdles, they’re also finding that they have to bring more money to the closing table. The median down payment for the cheapest 25 percent of homes was … [Read more...]

Rental Affordability Crisis Spreads to Middle America

Skyrocketing rents continue to plague renters, and the problem is going to only get worse all over the country. “Overall, housing dynamics are currently changing,” Mark Fleming, CoreLogic’s chief economist, said last month during panel hosted by CoreLogic and the Urban Institute. “Rental … [Read more...]

4 Reasons to Buy a Home Now

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation … [Read more...]

Fixed-Rate Mortgages Tick Up Just Slightly This Week

Borrowing costs inched up moderately on fixed-rate mortgages, but still remain lower than last year’s averages, Freddie Mac reports in its weekly mortgage market survey. More on Mortgage Rates: Refi Applications Boost Loan Demand Understanding and Combatting the Rate Lock-in … [Read more...]

The Importance of Using an Agent when Selling Your House

When a homeowner decides to sell their house, they obviously want the best possible price with the least amount of hassles. However, for the vast majority of sellers, the most important result is to actually get the home sold. In order to accomplish all three goals, a seller should realize the … [Read more...]

Foreclosure Inventory Falls 35%, Celebration Muted

Many markets across the country are seeing fewer foreclosures. That’s because foreclosure inventory has plunged 35 percent nationally from a year ago, but housing experts aren’t ready to say the foreclosure crisis is completely behind the nation quite yet. The Current State of Foreclosures: … [Read more...]

Selling your House, 5 reasons to do so now

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? Can buyers qualify for a mortgage?  These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are five of those … [Read more...]

Mortgage Rates Hover Near Yearly Lows

Fixed-rate mortgages remained mostly unchanged this week, with borrowing costs just slightly above their lows for 2014, Freddie Mac reports in its weekly mortgage market survey. Are low interest rates spooking your potential move-up buyers? Read this: Understanding and Combatting the Rate Lock-in … [Read more...]

How much down payment do you actually need?

A recent survey by Zelman & Associates revealed that 38% of those between the ages of 25-29 years old and 42% of those between the ages of 30-34 years old believe that a minimum of 15% is required as a down payment to purchase a home. A recent questionnaire administered by Freddie Mac showed … [Read more...]

Mortgage Rates, which direction might they be going?

What some experts are saying on the subject. HSH.com “For now, and likely through the summer, we may see data-driven bumps and dips in rates. Although we managed a slight dip presently, a bump is in order before long.” Freddie Mac “In the next few months, mortgage rates are likely to … [Read more...]