Home-Financing

Home-Financing What Buyers and Sellers Need To Know About the Appraisal Gap It’s economy 101 – when supply is low and demand is high, prices naturally rise.  That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the contract price […]
Home-Financing What Do Experts Say About Today’s Mortgage Rates?   Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers.  The graph below shows mortgage rates dating back to 2016 and where today falls by comparison.Generally speaking, when rates are low, you can afford more home for your money.  That’s why experts across the industry agree – today’s low rates present […]
Home-Financing Diving Deep into Today’s Biggest Buyer Concerns Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad time to buy” hit […]
Home-Financing The Truths Young Homebuyers Need To Hear For many young or first-time homebuyers, purchasing a home can feel intimidating.  A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value by […]
Home-Financing Appraisal Gaps Grow What To Expect as Appraisal Gaps Grow In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing to pay more […]
Home-Financing Why Pre-Approval Is Key in 2021 Today’s housing market is highly competitive for homebuyers, so it’s critical to gain every advantage in the process that you can.
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