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Will Tax Changes Benefit Homeowners and Investors?

As the White House shifts its focus to tax reform, analysts are examining who will benefit from the proposal announced Wednesday afternoon. The New York Times reported yesterday that this week’s stock market surge could be attributed to President Donald Trump’s call to cut the corporate tax rate … [Read more...]

Should I rent my House if it doesn’t sell?

A recent study has concluded that 39% of buyers prefer to rent out their last residence rather than sell it when purchasing their next home. The study cites that many homeowners were able to refinance and “locked in a very low mortgage rate in recent years. That low rate, combined with a strong … [Read more...]

Getting your House, not your Home Ready to Sell – Disconnect Your Emotions

When real estate agents work with buyers frequently you will hear them talk about purchasing a "home." But on the other hand when working with sellers, agents frequently refer to it as a "house." The reason for this is because real estate decisions are usually emotional, so when selling, it is best … [Read more...]

October Pending Home Sales Down Again, but Expected to Level Out

Although conditions were mixed across the country, pending home sales continued to move lower in October, marking the fifth consecutive monthly decline, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, … [Read more...]

Home Buyers Value Environmentally Friendly Features

Homeowners frequently see their heating bills rise as fall begins and the weather cools. For this reason, homes with energy efficient and environmentally friendly features are often a priority to prospective buyers. According to the National Association of Realtors®’ 2012 Profile of Home Buyers … [Read more...]

August Existing-Home Sales Rise, Limited Inventory Continues to Push Prices

Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors®.   NAR’s chief economist said the market may … [Read more...]

July Pending Home Sales Slips

Pending home sales were down in July, with higher mortgage interest rates slowing the market, according to the National Association of Realtors®. The Pending Home Sales Index,* a forward-looking indicator based on contract signings, declined just over 1 percent, but is still 6+ percent above … [Read more...]

The advantages of Assumable Mortgages

Today’s advantages of assuming existing mortgages as opposed to applying for a new mortgage §Lower closing costs §Lower interest rate loans amortize faster than higher interest loans §Mortgage is advance in amortization timetable §Easier to qualify for than new one §Appraisal Not … [Read more...]

May Pending Home Sales Reach Highest Level in Over Six Years

Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise, according to the National Association of Realtors®.   The Pending Home Sales Index,* a forward-looking indicator based on contract signings, increased … [Read more...]