home buying: Strategies For Buying And Selling A Home At The Same Time - 01/16/19 01:26 PM
If you’re already a homeowner and you’re getting ready to buy a new home, you know it’s tricky to buy and sell a home at the same time. There are lots of questions about how to handle this scenario. What if your old home doesn’t sell quickly?
Will you have to make two mortgage payments? What if you sell and the new owners want to move in before you close on your new home?
Depending on your situation, here are some strategies available to you.
Get A Bridge Loan
If you find yourself facing more than one mortgage payment – one on your old house … (0 comments)

home buying: 4 House “Flaws” You Can Safely Disregard - 01/16/19 01:24 PM
When you walk through a house with your real estate agent, you’re seeing if you and your family would be happy living there. But you’re also probably looking for signs of trouble that might spell big expenses later on. Be careful, though. It’s important to see the “bones” of the house rather than focusing on minor issues.
Here are four flaws you can safely disregard.
1. Stained Carpet
Stained carpet is more an indication of the owner’s poor cleaning habits than of any real problems with the house. It’s so easy to replace carpeting that it’s not worth even paying attention to when you’re … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – January 14th, 2019 - 01/14/19 11:05 AM
Last week’s economic reports included remarks by Federal Reserve Chair Jerome Powell, readings on inflation and core inflation. Weekly readings on mortgage rates and first-tome jobless claims were also released. If the government shutdown continues, it is expected to impact release dates for readings from federal government agencies.
Federal Reserve Watches and Waits on Interest Rates as Inflation Slows
Fed Chair Jerome Powell said that the Federal Open Market Committee of the Federal Reserve will “wait and see” about raising the target federal funds rate this year. Chairman Powell spoke at a discussion hosed by the Economic Club of Washington, D.C. Mr. Powell … (1 comments)

home buying: 3 Tips To Save For A Down Payment - 01/10/19 02:06 PM
Saving up for a down payment can feel overwhelming. Most people have never saved up the kind of money it takes for a down payment. It can be done, though. The goal is to put 20% down on a house. This is what it takes if you don’t want to have to pay private mortgage insurance every month.
However, you don’t have to absolutely put 20% down. Some mortgage programs, such as VA and FHA loans, let borrowers put down as little as zero down or about 3.5% down. There are extra requirements with any kind of mortgage you get, so be … (1 comments)

home buying: Top 5 Ways To Pick A High Quality Real Estate Agent - 01/09/19 11:36 AM
Your real estate agent can be the difference between a successful home buy and a bad purchase. Take a look at the characteristics of a good real estate agent and how you should vet your next partner in real estate.
Does the real estate agent immediately tell you to give up your rights to audit a home for a quicker sale? You may want to move on. The best real estate agents realize how big of a commitment a home is, and they are willing to walk you through the process at whatever pace you are comfortable with.
Localized Knowledge
There are major differences … (1 comments)

home buying: What Happens After Your Offer Is Accepted? - 01/09/19 11:34 AM
When you make an offer on a home, you wait anxiously to see if it will be accepted. Sometimes you’re lucky enough to hear back within hours. Other times you could wait days or even weeks.
But once you get that good news that your offer has been accepted, what happens next? It’s a common question, and one that your real estate agent can help you with. In general though, here’s what you can expect.
There’s A Home Inspection
A home inspection needs to be conducted in order to assess the condition of the home for financing needs. This is a stage where some … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – January 7th, 2019 - 01/07/19 07:59 AM
Last week’s economic reports included Labor Department readings on private and public sector jobs, the national unemployment rate. Weekly readings on mortgage rates and first-time jobless claims were also released. Monthly reporting on construction spending was delayed due to the government shutdown.
Public and Private-Sector Jobs Growth Exceeds Expectations
ADP reported 271private sector jobs added in December as compared to 157,000 jobs added in November. Analysts expected 182,000 jobs added for December and said that December’s reading was the highest number of jobs added in almost two years. Large companies added 54,000 jobs, medium sized companies added 129,000 jobs and small companies added … (0 comments)

home buying: Should You Buy A Fixer Upper Or Move-In Ready Home? - 01/04/19 11:35 AM
There’s a lot to be said for buying a move-in ready home. All you have to do is put your things away and start living your life. On the other hand, buying a fixer upper has its advantages, too. You can get a great bargain on a fixer upper home. So which one should you choose?
Here are some things to consider.
You Can Easily Afford To Buy What You Want
If money is no object, then a move-in ready home is the best choice. You’ll be able to get exactly the home you want with little or no effort decorating it the way … (1 comments)

home buying: 5 First Steps For New Homeowners - 01/03/19 01:08 PM
As a new homeowner, now is the time to take control and organize your house for safety and security. The following first five steps should be carried out in the first few weeks if possible.
1. Change The Locks
There’s no way of knowing if the previous owners gave copies of the house keys to a friend, neighbor or cleaning staff. The very first thing you should do when you take ownership is to re-key the locks on all the doors, including the garage and any outbuildings there may be on the property.
Alternatively, you can install brand new locks. Either way, a locksmith … (1 comments)

home buying: Case-Shiller: Home Price Growth Grinds to Lowest Rate in 2 Years - 01/02/19 11:15 AM
Home prices rose by 0.40 percent in October according to Case-Shiller’s 20-City Home Price Index and were unchanged from September’s year-over-year reading of 5.50 percent growth.
Slower growth in home prices could help some would-be home buyers enter the market, but rapidly rising mortgage rates have sidelined buyers concerned with affordability and meeting strict mortgage lending requirements.
High Mortgage Rates Stifle Demand for Homes
October’s year-over-year reading for home price growth was the lowest in two years, but home price growth continued to exceed wage increases; builders continued to face labor shortages and higher materials costs. Rising mortgage rates were a major cause of … (1 comments)

home buying: What’s Ahead For Mortgage Rates This Week – December 31st, 2018 - 12/31/18 06:27 AM
Last week’s economic reports included readings from Case-Shiller Housing Market Indices, National Association of Realtors® on pending home sales and weekly readings on mortgage rates and new jobless claims.  
The Commerce Department’s reading on sales of new homes was delayed due to the federal government’s shutdown.
Case-Shiller: Home Price Growth Lowest in Two Years
Home price growth was nearly nil with October’s month-to-month reading of 0.40 percent; The Case-Shiller 20-City Home Price Index showed a year-over-year home price growth rate of 5.50 percent, which matched September’s year-over-year reading. Las Vegas, Nevada led home price growth in the 20-city index with a year-over-year increase … (0 comments)

home buying: How Tech Can Change the Real Estate Process - 12/28/18 01:13 PM
Virtual reality, artificial intelligence and drone video are just a few of the ways that technology is changing the real estate industry. If you are in the market for a property, understanding these new processes can help you in many ways.
Using Artificial Intelligence
Doing business with an AI-infused process helps you more quickly identify properties that meet your standards. AI also reduces human error in the closing process. Agents using AI can get you more information about properties more quickly, and they can also cut the fat out of the close, possibly saving you money.
Using Virtual Reality
Taking a virtual reality tour of … (2 comments)

home buying: 4 Reasons Why Home Ownership Is Better Than Renting - 12/27/18 11:55 AM
Are you trying to decide if you should rent or buy? There are many reasons why home ownership is better than renting. Here are just a few to consider when you’re making your decision.
1. Stability For Your Family
When you own your home, the life of your family will be more stable. If you have children, this is a an even more valuable benefit. Your kids will be able to settle down into the routine of school and extracurricular activities. They’ll be able to make lifelong friends in the neighborhood. You and your spouse will be able to feel a strong sense … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – December 24th, 2018 - 12/24/18 08:52 AM
Last week’s economic news included readings from the National Association of Home Builders, Commerce Department readings on housing starts and National Association of Realtors® report on sales of previously-owned homes. Weekly reports on mortgage rates and first-time jobless claims were also released.
NAHB: Home Builders Lose Confidence as Housing Crunch Continues
Homebuilder confidence fell to a 36 month low in December as homebuilder concerns over rising home prices, high mortgage rates and decreasing inventories of available homes sidelined home buyers. The NAHB Housing Market Index fell four points to 56.
Components of the Housing Market Index reading also fell as builder confidence in current … (0 comments)

home buying: Big Cities vs. Secondary Markets: Where to Buy? - 12/21/18 08:25 AM
Atlanta, Charlotte, New York and Los Angeles are always on the real estate radar because of big ticket sales and good media coverage. The secondary markets – those markets without the celebrity undertones – may actually be better deals. With the price of borrowing money rising and occupation rates dropping in primary markets, places like Nashville and Birmingham are looking better to investors.
Where Are the Secondary Markets?
A secondary market is generally defined as a mid size or large city that has recorded an uptick in growth in the immediate past. They do not have quite the economic clout or media presence … (0 comments)

home buying: How To Choose Between Laminate And Hardwood Flooring - 12/20/18 01:03 PM
Picking out a new flooring can be exciting. After all, as anyone knows, new flooring in a home or business property can completely change the entire atmosphere. A common question asked by commercial and residential property owners is “Should I go with laminate or hardwood flooring?”
If you have found yourself asking this question, understand that both types of flooring materials each have their own pros and cons. For the most part, hardwood flooring tends to be more expensive than laminate but this isn’t always the case.
Let’s take a quick look at the benefits and disadvantages of laminate and hardwood flooring.
Pros And … (0 comments)

home buying: How Will Interest Rates Affect the Market in 2019? - 12/19/18 10:25 AM
Forbes and other reputable publications have predicted a continued rise in interest rates over 2019. The initial shock of the Fed’s action caused a slowdown in real estate markets over the final part of 2018. As the shock wears off, experts are divided as to whether more expensive money will continue to translate into lower housing starts and occupancy rates for primary markets.
Many experts believe that the rising 2018 interest rates have not yet baked themselves into the real estate market. They point to past instances of relatively high real estate hikes and the slower uptake into the property market the … (1 comments)

home buying: What is the Multifamily Market in 2019 Looking Like? - 12/18/18 12:25 PM
A growing supply of housing, volatility in the marketplace and risks in the development process all affected the multifamily market in 2018. In 2019, these three factors will continue to move the needle.
The Housing Supply
Markets like Boston, Seattle and Nashville are growing supply faster than demand. From 2015 to 2017, developers were building like crazy and landlords were enjoying rent increases of 5-7% year over year. They built too much, and the peak has showed itself. Only top markets like Atlanta and Charlotte can justify their cost of living increases. The rest will likely see slower growth and possibly losses in … (0 comments)

home buying: What’s Ahead For Mortgage Rates This Week – December 17th, 2018 - 12/17/18 07:33 PM
Last week’s economic reports included readings on inflation and retail sales. Weekly readings on mortgage rates and new jobless claims were also released.
Retail Sales Grow, Inflation Unchanged in November
November retail sales grew by 0.20 percent in November as compared to expectations of 0.10 percent and October’s reading of 1.10 percent growth. Core retail sales, which exclude automotive sales, grew by 0.20 percent and met expectations. Analysts said online stores pushed retail sales growth in November.
Inflation held steady in November as expected. Inflation grew by 0.30 percent in October. Core inflation, which excludes volatile fuel and food sectors, rose by 0.20 percent, which … (0 comments)

home buying: 5 Home Design Trends To Watch Out In 2019 - 12/14/18 12:33 PM
Home design trends continue to change at supersonic speeds. With New Year right around the corner, the home design world is focusing on trends that will probably reign big in 2019. 
So, as you make your annual resolutions or consider revamping your home, it’s worth knowing them. After all, we all adore coming back to a place that makes us happy and helps us disconnect from tough days at work. 
It’s wise to be aware of temporary fads in design, but don’t be shy to try some new home designs and decor in 2019. In this post, we explore five trends to watch … (1 comments)

Joe Gonzalez, NMLS# 126036 (610) 739-6563 (CrossCountry Mortgage, LLC NMLS #3029) Rainmaker large

Joe Gonzalez

NMLS# 126036 (610) 739-6563

King of Prussia, PA

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CrossCountry Mortgage, LLC NMLS #3029

Address: 625 W. Ridge Pike, Building C, Suite 100, Conshohocken, PA, 19428

Office: 610.355.8039

Mobile: 610.739.6563

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