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Americans Say Buying A House Is A Good Investment

The vast majority of surveyed Americans say they believe owning a house is a solid investment, according to a new survey from Digital Risk. And that doesn't just include homeowners and prospective buyers. In fact, 83 percent of renters agreed with current homeowners who said that buying a house was a good investment. Jeff Taylor, managing director for Digital Risk, says the perception of homeownership has come a long way over the past several years. “It's important to remember how far we've come in a decade,” Taylor said. “The fact that the American dream of ownin...

July 24th, 2017 | Home Tips, housing market, Housing Outlook, Housing Shortage, Mortgage Rates, New Home Buyer, Americans Say Buying A House Is A Good Investment

Americans' Credit Scores Reach Record High

Your credit score is a pretty significant number. Though you may not think about it all that often, it has an effect on your ability to qualify for a loan and the terms you'll receive if you're approved. In other words, your credit score can cost you money. That's why it's important to maintain good financial habits and check in on your history from time to time, in case there are any errors that can be cleared up. But what is an average score? Well, according to FICO, scores range between 300 and 850 and the current average is at an all-time high. In fact, the most recent data...

July 14th, 2017 | Housing Outlook, housing market, New Home Buyer, Mortgage Rates, Americans' Credit Scores Reach Record High

Mortgage Lenders Say Credit Standards Are Easing

One of the main obstacles potential home buyers face is the fear that they won't be approved for a mortgage. Believing that you don't make enough, have too much debt, or can't afford to buy a house is one reason many people don't even bother to get in touch with their lender to explore their financing options. If you're someone who wants to buy a house, but thinks they won't make the cut, Fannie Mae's quarterly Mortgage Lender Sentiment Survey has some good news for you. According to the results of the survey – which asks senior executives at lending instituti...

July 11th, 2017 | housing market, Housing Outlook, Housing Shortage, Mortgage Rates, New Home Buyer, Mortgage Lenders Say Credit Standards Are Easing

What Your Name Says About The Home You Buy

For the most part, people stick with the name their parents gave them and don't ever give it too much thought. Sure, you've got the power to change it to just about anything you want but, unless you're stuck with something horrible, why would you go through the bother? After all, your name doesn't determine much of anything beyond what people call you, right? Well, according to new data from Zillow, your name may have something to do with the house you buy. For example, homeowners with the names Stuart and Alison own the most valuable homes in the country, with a median price o...

July 10th, 2017 | housing market, Housing Outlook, Housing Shortage, Mortgage Rates, New Home Buyer, What Your Name Says About The Home You Buy

Real Estate Rebound Should Surpass Last Year

If you read real-estate news regularly, you may get the impression that homes right now are less affordable, buyers are less interested, and homeowners are less likely to sell than in the past. But, taking a big-picture view of where things are may give you a very different impression. Take Freddie Mac's most recent monthly outlook, for example. According to the report, the housing market is on track to exceed last year on a couple of different fronts, including sales and the number of new homes that are being built. And that's saying something because last year was the best year in a ...

July 3rd, 2017 | housing market, Housing Outlook, Housing Shortage, Mortgage Rates, New Home Buyer, Real Estate Rebound Should Surpass Last Year

Sales Of Previously Owned Homes Up In May

Sales of existing homes fell in April but bounced back in May, according to new numbers from the National Association of Realtors. May sales of previously owned homes rose 1.1 percent and are now 2.7 percent higher than they were at the same time last year. Lawrence Yun, NAR's chief economist, says home buyer interest continues despite some challenges. “The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep buyer interest at a robust level,” Yun said. “Those able to close on a home last month are probably feeling...

June 23rd, 2017 | Housing Outlook, Housing Shortage, Mortgage Rates, housing market, Selling Your Home, Sales Of Previously Owned Homes Up In May

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