Daily Real Estate News | Monday, June 09, 2014 Sixty-five percent of home owners with private mortgage insurance say that the additional cost of PMI prompted them to pay a higher monthly mortgage payment than they had originally expected, according to a new survey released by TD Bank of more than 2,000 Americans who purchased […]
Mary Beth Storjohann, Selling or buying a home can come with a lot of confusion. If you’re in the market for a real estate agent, ask these questions to find the best fit: • What’s your experience? Know how long your agent has been in business, whether this is a full- or part-time job and […]
By Maggie Olague California is in the midst of a drought so severe that Gov. Brown has declared a state of emergency. He directed state officials to take necessary actions to prepare for drought conditions and is urging all Californians to reduce water consumption by 20 percent. Water year 2013 (Oct. 1, 2012 – Sept. […]
By Dian Hymer A first-quarter survey of homebuyers and sellers done by HomeGain.com, a real estate services website, revealed that 76 percent of homeowners believe their home is worth more than the list price recommended by their real estate agent. Homebuyers usually have a better grasp of current market value in the area where they’re […]
A Credit Score is a three digit number but this seemingly harmless number is strongly tied to the amount you can borrow. It also influences the terms of borrowing. In order to stay on top of your finances, it is crucial for an individual to thoroughly understand credit scoring in order to make well-informed decisions. […]
By Andrew Leff , Vice president, national builder and renovation sales manager Bank of America This past January, Harvard University’s Joint Center for Housing Studies released a report titled “The U.S. Housing Stock: Ready for Remodel,” which foresaw an increased demand in the remodeling industry over the next 10 years. This certainly is welcome news for […]
The number of homes purchased with a home loan has been dropping steadily since May, according to RealtyTrac. Instead, cash is king for many reasons. As mortgage rates began creeping up, some homebuyers started opting to purchase with all cash. And that trend may continue as new loan requirements become more strict. However, for those […]
Housing, it was a tale of two halves in 2013. During the first half, unusually low supplies of homes and low rates spurred bidding wars, pushing prices up sharply. During the second half, the frenzy cooled amid a sudden spike in interest rates. While more markets are now reporting increases in inventory, the number of […]
By Jeannette Brown Since the Federal Housing Administration (FHA) insures a sizable portion of the mortgage loans used by today’s home buyers, it stands to reason that making your house FHA-friendly will increase its appeal to more buyers. In preparation, you should know some of the basics of FHA loan rules so that you increase […]
Southern California home sales held at a seven-year high last month thanks to a stronger economy, pent-up demand, low mortgage rates and the widening perception that a home is a good investment. Prices continued to regain lost territory as buyers competed for a thin supply of homes for sale and poured a record amount of […]