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    First-Time Home Buyers Continue to Put Down Less Than 6%!

    By Kaye Dela Cruz | July 16, 2018

    According to the Realtors Confidence Index from the National Association of Realtors, 61% of first-time homebuyers purchased their homes with down payments below 6% in 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying, but in March, 71% of first-time buyers and 54% of all buyers... Read More

    Want to Sell Your House Faster? Don’t Forget to Stage! [INFOGRAPHIC]

    By Kaye Dela Cruz | July 16, 2018

    Some Highlights: The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging. 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market. 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers. 77% of buyer’s agents said... Read More

    House-Buying Power at Near-Historic Levels

    By Kaye Dela Cruz | July 16, 2018

    We keep hearing that home affordability is approaching crisis levels. While this may be true in a few metros across the country, housing affordability is not a challenge in the clear majority of the country. In their most recent Real House Price Index, First Americanreported that consumer “house-buying power” is at “near-historic levels.” Their index is based... Read More

    Rising Interest Rates Have Not Dampened Demand

    By Kaye Dela Cruz | July 16, 2018

    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title and real... Read More

    How Long Do Most Families Live in a House?

    By Kaye Dela Cruz | July 16, 2018

    The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of their data points, which has changed dramatically, is the median tenure of a family in a home, meaning how long a family stays in a home prior to moving. As the graph below shows, over the last twenty years (1985-2008), the median tenure... Read More

    The #1 Reason to List Your House for Sale NOW!

    By Kaye Dela Cruz | July 9, 2018

    If you are debating whether or not to list your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of Realtors’ (NAR) Chief Economist Lawrence Yun recently commented on the current lack of inventory: “Inventory coming onto the market during this... Read More

    Cost Across Time [INFOGRAPHIC]

    By Kaye Dela Cruz | July 6, 2018

    Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.1% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock... Read More

    Homes More Affordable Today than 1985-2000

    By Kaye Dela Cruz | July 6, 2018

    Rising home prices have many concerned that the average family will no longer be able to afford the most precious piece of the American Dream – their own home. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and the interest... Read More

    VA Loans: Making a Home for the Brave Possible

    By Kaye Dela Cruz | July 6, 2018

    Since the creation of the Veterans Affairs (VA) Home Loans Program, over 22 million veterans have achieved the American Dream of homeownership. Many veterans do not know the details of the program and therefore do not take advantage of the benefits available to them. If you are a veteran or you know someone who is, here is a... Read More

    Why Should You Use A Professional to Sell Your Home?

    By Kaye Dela Cruz | July 3, 2018

    When homeowners decide to sell their houses, they obviously want to get the best possible price for their home with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the... Read More

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