Financing

Jan. 26, 2016

Where Are Interest Rates Headed This Year?

Where Are Interest Rates Headed This Year? | Simplifying The Market

With interest rates still below 4%, many buyers may be on the fence as to whether to act now and purchase a new home, or wait until next year.

If you look at what the four major reporting agencies are predicting for 2016, it may make the decision for you ...

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Posted in Buyer, Financing
Jan. 12, 2016

When Is It A Good Time To Rent? NOT Now!

When Is It A Good Time To Rent? NOT Now! | Simplifying The Market

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

The Census Bureau recently released their ...

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Posted in Buyer, Financing, Renter
Jan. 11, 2016

Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First

Thinking of Buying a Home? 3 Questions Every Buyer Should Answer First | Simplifying The Market

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.

Answering the ...

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Posted in Buyer, Financing, Renter
Dec. 23, 2015

Why Did Home Sales Drop So Dramatically Last Month?

Why Did Home Sales Drop So Dramatically Last Month? | Simplifying The Market

Yesterday, the National Association of Realtors (NAR) released their latest Existing Home Sales Report which covered sales in November. The report revealed that sales:

“…fell 10.5 percent to a seasonally adjusted annual rate of 4.76 million in November (lowest since April 2014 at 4.75 million)…”

That ...

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Dec. 18, 2015

Home Equity Increasing as Home Prices Rise

 

Some Highlights:

 

  • 91.9% of homes in the US have positive equity
  • 256,000 homes regained equity in the third quarter of 2015
  • 37.5 million homes have significant equity (defined as more than 20%)

Home Equity Increasing as Home Prices Rise [INFOGRAPHIC] | Simplifying The Market

 


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Enclosures:

 

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http://www.simplifyingthemarket.com ...

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Posted in Financing, Seller
Dec. 8, 2015

What You Really Need To Qualify For A Mortgage

What You Really Need To Qualify For A Mortgage | Simplifying The Market

A recent survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.

1. Down Payment

The survey revealed that ...

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Posted in Buyer, Financing, Renter
Dec. 2, 2015

The Residential Rental Market Heading into 2016

The Residential Rental Market Heading into 2016 | Simplifying The Market

Below are quotes from experts as well as industry reports & articles that cover the residential rental market in the U.S.

The experts…

Zillow Chief Economist Svenja Gudell:

"Make no mistake: Despite this recent slowdown in rental appreciation, the rental affordability crisis we've been enduring for the past few ...

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Posted in Buyer, Financing, Renter
Dec. 1, 2015

The Impact of Higher Interest Rates

The Impact of Higher Interest Rates | Simplifying The Market

Last week, an article in the Washington Post discussed a new ‘threat’ homebuyers will soon be facing: higher mortgage rates. The article revealed:

“The Mortgage Bankers Association expects that rates on 30-year loans could reach 4.8 percent by the end of next year, topping 5 percent in 2017. Rates ...

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Posted in Buyer, Financing, Renter, Seller
Nov. 9, 2015

Where Are Mortgage Rates Headed? This Winter? Next Year?

Where Are Mortgage Rates Headed? This Winter? Next Year? | Simplifying The Market

The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year ...

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Posted in Buyer, Financing, Renter, Seller
Sept. 23, 2015

Is Qualifying for a Mortgage Getting Easier?

There has been a lot of talk about how difficult it is to get a home mortgage in today’s lending environment. However, three recent reports have revealed that lending standards are beginning to ease. This is great news for both first time buyers and current homeowners looking to move or ...

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Posted in Buyer, Financing