Report: Buyers Are Putting More Money Down

Average down payment percentages on conventional 30-year fixed-rate mortgages were on the rise in the third quarter as housing demand and buyer competition increases, according to a new report by LendingTree. The average down payment percentage rose to 17.63 in the third quarter, up from 16.29 … [Read more...]

Hispanics & Housing: Demand Over The Next Decade

The Mortgage Bankers’ Association (MBA) recently released a report: ‘Housing Demand: Demographics And The Numbers Behind The Coming Multi-Million Increase In Households’. In this study, the MBA “utilized a comprehensive analysis of data from 1976 to 2014, a period encompassing several … [Read more...]

5 reasons Not to sell For Sale By Owner

Let #bobwert #remax Help You Find #therighthome Some homeowners may consider trying to sell their home on without the assistance of a real estate professional, known in the industry as a For Sale by Owner (FSBO). We think there are several reasons this might not be a good idea for the vast … [Read more...]

As Home Prices Rebound, Lenders Rush to Unload REOs

The recovery in home prices this year is prompting banks to sell off their REO inventory at a brisker pace. Sales of bank-owned homes made up 10 percent of residential sales in November, the third consecutive month for increases in REO sales.  "Lenders are taking advantage of this environment to … [Read more...]

Latinos paint a portrait of future US Buyers

A recent Pew Research Center report gives us a better idea of who our future buyers will be, if we look at the numbers based on school enrollment. College 18- to 24-year-old Hispanics enrolled in college increased by 324,000 students between 2011 and 2012, marking the third straight year of … [Read more...]

Financing affects an offer’s consideration

The majority of buyers don’t have enough cash available to buy a home, so they need to obtain a mortgage financing to purchase a home. Most buyers make their purchases contingent upon obtaining mortgages, so the seller is informed of a buyer’s financing plans in order to consider the merits of … [Read more...]

The Importance of the Latino Market in RE

Fannie Mae's National Housing Survey examined the attitudes among the Hispanic population toward homeownership, getting a mortgage and the expectations for future homeownership, in order to have a better understanding of the potential impact of this fast-growing population on future homeownership … [Read more...]

Most Metro Areas Show Strong Annual Home-Price Growth

The majority of metropolitan areas in the third quarter experienced robust year-over-year price gains, with the national median price showing the strongest annual growth in nearly eight years, according to the latest quarterly report by the National Association of Realtors®. The median existing … [Read more...]

5 Reasons to Hire a Real Estate Professional

The real estate market is a place where most people will make their largest investment ever. It is a place where fortunes can be, and often are, made.  It is not a place, however, for you to “wing it”. While the myriad TV shows about real estate make the process look so simple – it’s not … [Read more...]

Should I Rent My House If I Can’t Sell It?

There has been a lot written about how buying a home is less expensive than renting one in most parts of the country. Rents are skyrocketing and homes are still at great prices. These two situations are also causing some sellers to consider renting their home instead of selling it. After all, a … [Read more...]