My Blog

Starting to Look for a Home? Know What You WANT vs. What You NEED

Starting to Look for a Home? Know What You WANT vs. What You NEED | Simplifying The MarketIn this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.

How Historically Low Interest Rates Increase Your Purchasing Power

How Historically Low Interest Rates Increase Your Purchasing Power | Simplifying The MarketAccording to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low.

Don’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750

Don’t Disqualify Yourself… Over Half of All Loans Approved Have a FICO Score Under 750 | Simplifying The MarketThe results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.

Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC]

Some Highlights:Historically, the choice between renting or buying a home has been a close decision.Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the cho…

Appraisers & Homeowners Don’t See Eye-To-Eye on Values

Appraisers & Homeowners Don’t See Eye-To-Eye on Values | Simplifying The MarketIn today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One major challenge in such a market is the bank appraisal.

The Role Access Plays in Getting Your House SOLD!

The Role Access Plays in Getting Your House SOLD! | Simplifying The MarketSo you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and they have asked you what level of access you want to provide to potential buyers.

The Past, Present & Future of Home Prices

The Past, Present & Future of Home Prices | Simplifying The MarketCoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.

Home Prices Up 5.61% Across The Country! [INFOGRAPHIC]

Some Highlights:

  • The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
  • In the report, home prices are compared both regionally and by state.
  • Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
  • Vermont was the only one state where home prices are actually lower than they were last year.

New Construction Numbers: Now Versus 2005

New Construction Numbers: Now Versus 2005 | Simplifying The MarketThere is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today:

Is the Current Pace of Home Sales Sustainable?

Is the Current Pace of Home Sales Sustainable? | Simplifying The MarketThere are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.