home buyers: Buying or Selling in 2018? 5 Reasons to Resolve to Hire a Pro
- 12/29/17 07:15 AM
Some Highlights: As we usher in the new year, one thing is for certain… if you plan to buy or sell a house this year, you need a real estate professional on your team! There are many benefits to using a local professional! Pick a professional who knows your local market and can help you achieve your dreams! Contact your local expert’s at The Liz Freeman Team for all your Real Estate needs! 252.439.4000 or liz@lizfreeman.com. By: KCM Crew … (1 comments)
home buyers: February 2017 Housing Report: 4 Things To Know
- 02/23/17 09:13 AM
The tug-of-war between rising home sales and shrinking inventory is escalating and the pressure is showing in home sale statistics for January. The month topped all other Januarys in our report's nine-year history with the most sales, highest sales prices and fewest days on the market. It was quite a start for 2017. Here's the scoop: 1. Home sales increasedThe overall average number of home sales was 4.5 percent higher than January 2016 in the 53 metro areas surveyed. Many of the metro areas we looked at — two-thirds of them — experienced an increase in sales year-over-year. A dozen saw double-digit … (1 comments)
home buyers: HOW LOW INTEREST RATES INCREASE YOUR PURCHASING POWER
- 01/24/17 12:25 PM
According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.09%, which is still very low in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a certain monthly housing budget. The chart below shows what impact rising interest … (0 comments)
home buyers: STUDENT LOANS = HIGHER CREDIT SCORES
- 12/21/16 07:51 AM
According to a recent analysis by CoreLogic, Millennial renters (aged 20-34) who have student loan debt also have higher credit scores than those who do not have student loans. This may come as a surprise, as there is so much talk about student loans burdening Millennials and holding them back from many milestones that previous generations have been able to achieve (i.e. homeownership, investing for retirement). CoreLogic used the information provided on rental applications and the applicants’ credit history from credit bureaus to determine if there was a correlation between student loan debt and credit scores. The analysis concluded that: “Student loan debt did not prevent millennials from access … (0 comments)
home buyers: WILL INCREASING MORTGAGE RATES IMPACT HOME PRICES?
- 12/09/16 09:09 AM
There are some who are calling for a decrease in home prices should mortgage interest rates begin to rise rapidly. Intuitively, this makes sense as the cost of a home is determined by the price of the home, plus the cost of financing that home. If mortgage interest rates increase, fewer people will be able to buy, and logic says prices will fall if demand decreases. However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased. Here is a graph showing what actually happened: Last week, in an article titled “Higher Rates Don’t Mean … (0 comments)
home buyers: Greenville NC Home Buyers Looking For Green
- 05/21/09 09:56 PM
More and more Greenville NC home buyers looking for green features in the home they buy. The green trend is a means of lowering costs, becoming more environmentally friendly, and adopting a healthier lifestyle. The average green buyer will shell out $12,400--on average--for green features, according to the National Association of REALTORS. National Association of Home Builders green-building standards program manager Kevin Morrow expects the market share of green-certified homes to rise to 20 percent in 2010 from about 10 percent in 2009 and 2 percent in 2006. Green features Greenville NC home buyers are looking for include energy efficiency, water efficiency, resource … (0 comments)
home buyers: 5 Tips For Greenville Real Estate Home Buyers
- 03/13/09 01:12 AM
2009 is proving to be a good year for Greenville real estate home buyers. Lower prices, near record low interest rates, high inventories and an $8000 tax credit are all working in the favor of home buyers. Those home buyers making good long term financial decisions will reap the benefits of the currently soft market for years to come. Here are 5 Greenville real estate home buying tips for the remainder of 2009. 1. Think long-term We may see soft prices for in the short-term, but real estate like other markets, is cyclical. Over the long haul, the market will bounce back and prices … (0 comments)
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