Posts in category 'Real Estate Buying Tips'
Subscribe and receive email notifications of new blog posts.
RSS Feed
- 2026 | 5 Posts
- 2025 | 24 Posts
- 2024 | 24 Posts
- 2023 | 24 Posts
- 2022 | 24 Posts
- 2021 | 9 Posts
- 2020 | 26 Posts
- 2019 | 30 Posts
- 2018 | 43 Posts
- 2017 | 55 Posts
- 2016 | 64 Posts
- 2015 | 100 Posts
- 2014 | 108 Posts
- 2013 | 97 Posts
25
Breaking Down the Home Inspection Process
New home buyers attempting to untangle the complexities of the purchasing process may struggle to understand the differences between the appraisal and the inspection, as both appear to examine the same attributes of the house. Essentially, the appraisal determines the house's value, while the inspection determines the condition. Our real estate agents want to provide both buyers and sellers with a more in-depth description of the inspection process and how it benefits both parties.
15
Existing Home Sales Rise
With a bailout deal in place, the situation in Greece had little influence on mortgage rates over the past week, and the level of daily volatility declined significantly. The economic data released over the past week also did not have much impact and mortgage rates ended a little lower. The housing data released this week was encouraging. June existing home sales increased 3% from May to the highest level since Feb 2007 and they were 10% higher than a year ago. Strong demand and limited inventory continued to push prices higher and the median existing home price reached an all-time high. Total housing inventory did increase slightly in June, but it remains low by historical standards. Existing home sales account for roughly 90% of all single-family home purchases. The most recent reading for the Consumer Price Index (CPI) showed that core inflation continued to hold steady. June Core CPI, which excludes the volatile food and energy components, was 1.8% hig...
27
45% of Homes Sold in Less Than a Month
In the monthly REALTORS® Confidence Index Survey, NAR asks REALTORS® "For the last house that you closed in the past month, how long was it on the market from listing time to the time the seller accepted the buyer's offer?" . The map below shows the median days on market of respondents about their sales from March-May 2015. Properties typically sold within 30 days in Colorado, the District of Columbia, California, Texas, Oregon, Washington, Idaho, North Dakota, Kansas, and Texas (red). On the other hand, properties were typically on the market for more than 90 days in Maine, New Hampshire, West Virginia, Alabama, Mississippi, and Arkansas (green). All real estate is local. State-level data is provided for REALTORS® who may want to compare local markets against the state and national summa...
18
6.5M borrowers stand to benefit from refi
7