National home equity in the third quarter of 2019 rose 5.1% year over year, reaching an average of $5,300 per homeowner, according to CoreLogic’s Home Equity Report. States that saw the largest equity gains are Idaho (where homeowners saw an average increase of $25,800), Wyoming ($24,000), Utah ($21,000), and Montana ($17,800). © CoreLogic Meanwhile, the …
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Saving for a down payment is a key step in the homebuying process, and it’s not the only piece you need to include in your budget. Another factor that’s important to plan for is the closing costs required to obtain a mortgage. What Are Closing Costs? According to Trulia, “When you close on a home, a …
With the holidays upon us, there’s still plenty of time to score some excellent deals. Here’s a look at the biggest December discounts. Big-screen TVs, home theater accessories and gaming systems. The sales on these popular holiday gifts will continue through December, though rock-bottom prices may have already occurred in November. Tools. A popular classic …
Much has been written about how residential real estate values have increased since the housing market started its recovery in 2012. However, little has been shared about what has taken place with residential rental prices. Let’s shed a little light on this subject. In the most recent Apartment Rent Report, RentCafe explains how rents have …
The master bedroom is an important room to stage in order to help potential buyers feel right at home. Apartment Therapy recently highlighted tips from designers on how to achieve a posh bedroom look without spending big bucks. A few of their ideas include: Add overstuffed pillows. Overstuffed decorative throw cushions can offer a luxurious …
Inventory on the market today is low, especially among existing homes in the entry and middle-level tiers of the market. It is hovering well below the 6-month supply typically found in a more normal market, as shown in the graph below:With inventory being one of the biggest housing market challenges today, finding a starter home …
Buyers Are Looking Now. Are You Ready to List Your Home? Read More »
A 1,000-person rental development underway in Tempe, Ariz., will be a carfree zone. Tenants’ leases will not allow cars parked onsite or in the surrounding area. The development is testing the demand for walkable neighborhoods, which young adults claim they desire. The Arizona development will be urging residents to ditch their cars and take advantage …
New jobs, marriage, or downsizing are common reasons to prompt a person to move. But overall, most people prefer to stay put. Eighty-eight percent of people searching for a mortgage on the LendingTree platform were looking for mortgages in the same state they currently reside in. Texas residents are the most likely to want to …
The States People Are Most and Least Attached To Read More »
There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is …
