Dealing with the Emotional Stress of Selling Your Childhood Home

July 31, 2015 by John · Leave a Comment 

While selling a childhood home may be difficult to do, there are a few steps that can be taken to reduce the emotional turmoil that may be felt during this process.

Federal Reserve FOMC Announcement

July 30, 2015 by John · Leave a Comment 

The stage was set in high suspense for FOMC’s post-meeting announcement on Wednesday. As fall approaches, analysts and the media are looking for any sign of when and how much the Fed will raise its target federal funds rate. According to CNBC, some analysts were projecting two interest rate hikes before year end, but the truth of the matter remains unknown until the Federal Open Market Committee announces its intentions.

Assessing Your ‘Debt-to-Income Ratio’ and Why This Number Matters When Getting a Mortgage

July 29, 2015 by John · Leave a Comment 

For those who are looking to buy a home soon, keep in mind that the Debt-to-Income ratio of the borrower plays a huge role in the approval of your mortgage application. A low DTI may make it easier for the lender and the underwriter to justify making a loan to the borrower.

Last-minute Home Showing? Here’s How to Stage Your Home in Just a Few Minutes

July 28, 2015 by John · Leave a Comment 

In an ideal situation, a seller will have ample time to prepare a home to list for sale. However, in those cases when time is simply not available, there are a few necessary steps that should be followed to quickly get the home in show-ready condition.

What’s Ahead For Mortgage Rates This Week – July 27, 2015

July 27, 2015 by John · Leave a Comment 

Last week’s scheduled economic news releases were limited as no news was released on Monday or Tuesday, but good news did arrive in the form of a dip in mortgage rates for fixed rate loans. NAR reported higher sales of pre-owned homes and FHFA reported that home price growth associated with mortgages held or backed by Fannie Mae and Freddie Mac held steady in May.

Tiny, but Cozy: 3 Ways to Furnish Small Spaces to Make Them Feel Much Larger

July 24, 2015 by John · Leave a Comment 

When decorating a small space, there is a general desire to make the space look and feel larger than it is while also meeting basic functional needs in the room. By following a few important tips, it is possible to furnish smaller spaces so that they are functional and do not feel cramped.

Good News! Existing Home Sales, FHFA Home Prices Increase

July 23, 2015 by John · Leave a Comment 

Housing markets show continued signs of strengthening according to reports released on Wednesday. The National Association of Realtors® reported that sales of pre-owned homes rose to 5.49 million in June as compared to May’s revised reading of 5.32 million pre-owned homes sold and expected sales estimated at 5.42 million sales. Expectations were based on May’s original reading of 5.35 million sales. June’s reading was the highest since February of 2007. Readings for existing home sales are calculated on a seasonally adjusted annual basis.

3 Reasons Why Your Closing Costs Will Vary Depending on the Type of Home You Buy

July 22, 2015 by John · Leave a Comment 

Savvy home buyers who are preparing to make a real estate purchase may have done their research and may understand that they need to save money for both the down payment and the closing costs. Some home buyers, however, may not realize that the amount of closing costs paid may vary considerably based on the home that is purchased.

3 Trends That Will Help Shape Your Local Real Estate Market in 2015

July 21, 2015 by John · Leave a Comment 

Each real estate market is unique in various ways, and your local real estate agent can help you to become more familiar with the trends in your community. However, while each market may be unique, there are some common trends that you can expect to be rather widespread across many communities throughout the next year.

What’s Ahead For Mortgage Rates This Week – July 20, 2015

July 20, 2015 by John · Leave a Comment 

Last week’s economic news included an encouraging report from the National Association of Home Builders, whose housing market index held steady with a reading of 60 in July. This was the 13th consecutive month for readings over 50, which indicate that more builders are confident about housing markets than those who are not. July’s reading was noteworthy as it was the highest since November 2005 prior to the recession.

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