Are you actively pursuing homeownership and out looking at homes with a realtor?
If so, I'm sure your realtor has broached many topics with you already. There's a lot to know and stay informed of when buying and financing a home. It can feel like your juggling lots of things at once.
One facet of the home buying process that's of real importance is the home inspection (which occurs AFTER the contract is agreed upon). Your realtor has probably recommended that you include an inspection in any real estate contract you're considering.
That's wise, as a home … (14 comments)
housing markets: Low Housing Levels = Fast-Paced Housing Market
- 02/03/20 12:37 PM
Low Housing Levels = Fast-Paced Housing Market You don't have to look far to find headlines that report about the housing shortage that many U.S. housing markets are currently experiencing. They're everywhere. One reads, "Housing inventory falls to a two-year low". Another reveals, "For-Sale Housing Inventory at Multi-Year Low". And that's just a smallthat's available across the many media formats. This lower level of available housing comes at the same time that the markets are seeing an uptick in the number of consumers wanting to buy a home. Lower, tempting mortgage rates have made the prospect of homeownership, step-up buying, and refinancing attractive to a growing number of prospective … (9 comments)
A Decade of Housing Healing: Has it Created Opportunity for You?
It's now been around a decade since the big housing market crash ...
While many housing markets have cooled a bit, as of late ... the Home Equity Report for the last quarter of 2018 (and a quarterly overview of the distribution of equity across all U.S. single-family residential properties with a mortgage) by CoreLogic clearly shows that some healing has taken place ...
"U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase by 8.1 percent year over year, representing a gain of nearly $678.4 billion since the … (20 comments)
A Mortgage Originator's View of Property Valuations
Recently I read an article by Appraiser Tom Horn (Birmingham, AL) entitled: "How do Appraisers Calculate Price per Square Foot?" ...
Soon after reading this informative article, I received an Appraisal in my office on a (purchase) transaction I was originating. The article and the appraisal motivated me to write the following post. It summarizes a few of the issues addressed in Tom's article and those I confront fairly often within appraisals I receive.
Appraisals and the act of appraising are of great interest to me. My interest doesn't spring solely from the fact that I'm a Mortgage Originator and appraisals … (20 comments)
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