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Buying a home is a big undertaking. From finding the right property and negotiating to sorting out the legal details and moving in, there are dozens of important steps along the way. And for many first-time buyers, it can seem overwhelming. Fortunately, there are a few things you can do to make the process easier, […]

When you’re house hunting, the allure of new construction is undeniable. You get to be the first to live in the pristine home—one untouched by grimy hands or muddy shoes. It’s full of brand-new appliances and the finishes and treatments that you picked to fit your aesthetic. And you won’t have to worry about making any cosmetic […]

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the […]

Winter Wonderland: Your Guide to a Happy Holiday in North Lake Tahoe Something special happens in North Lake Tahoe as temperatures begin to fall. Glittering icicle lights begin to illuminate the region, homes, and businesses feature seasonal decorations, and a jovial holiday spirit captures the hearts of locals and visitors alike. These elements, combined with […]

Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are […]

While there have been signs recently that the market may be shifting toward the favor of home buyers, prices are still on the rise in many areas around the country. The median sales price in July was $230,411, up 5.8 percent year over year. But if your buyer clients are hoping to wait it out, […]

November 2, 2018 mortgage rates for 30, 15, ARM. Full information at http://www.freddiemac.com/pmms/ ® REALTOR® Magazine Mortgage rates took a slight breather this week as borrowing costs moved lower and offset last week’s uptick. Still, the housing market is trying to adjust to rates that are much higher than a year ago. “While higher mortgage […]

MORTGAGE RATE FORECASTS SUGGEST A NEARLY 10 PERCENT GAIN IN BUYERS’ MORTGAGE PAYMENTS BY NEXT JULY BY ANDREW LEPAGE HOUSING AFFORDABILITY, REAL ESTATE While the U.S. median sale price has risen by close to 6 percent over the past year the principal-and-interest mortgage payment on that median-priced home has increased around 13 percent. Moreover, while […]

Rising home prices over the last few years has helped homeowners gain more equity in their homes. In the third quarter of 2018, homeowners sold for an average of $61,232 more than their original purchase price—the highest average home seller price gain since 2007, according to a newly released report from ATTOM Data Solutions. That […]

MCLEAN, Va., Oct. 04, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey®(PMMS®), showing that the 30-year fixed-rate mortgage dropped slightly for the first time after five weeks of increases. Sam Khater, Freddie Mac’s chief economist, says, “Mortgage rates inched back a little in this week’s survey, easing 1 […]