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...]

More People confident about buying a home

Last week, Fannie Mae released their January 2014 National Housing Survey results.  Two categories reported all-time survey highs. 52% of respondents thought it would be easy for them to get a home mortgage today          70% of respondents said they would buy if they were going to … [Read more...]

December Existing-Home Sales Rise, 2013 Strongest in Seven Years

Good news for Housing Existing-home sales edged up in December, sales for all of 2013 were the highest since 2006, and median prices maintained strong growth, according to the National Association of Realtors®. Total existing-home sales, which are completed transactions that include … [Read more...]

Do-Nots Before Buying a Home

Lenders will review loan packages prior to approval and the main factors they are concerned with are the source of funds for down-payment and closing costs. Almost certainly, they will ask for the last two or three month statements of assets. These include checking accounts, savings accounts, … [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...]

Home Prices Pick Up Steam

  Median home prices continued to rise in the majority of metropolitan areas in the second quarter, with the national year-over-year price showing the strongest gain in seven-and-a-half years, according to the latest quarterly report by the National Association of Realtors®. Despite … [Read more...]