Sept. 16, 2019

7 Things to Avoid After Applying for a Mortgage

Things to Avoid After Applying for a Mortgage

Congratulations! You’ve found a home to buy and have applied for a mortgage! You're undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how your decisions will impact your home loan.

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Sept. 13, 2019

What Is the Probability That Home Values Sink?

What Is the Probability That Home Values Sink

With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. However, the experts disagree with this perspective.

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Sept. 12, 2019

Millennial Buying Power Poised to Boost Homeownership

Millennial Buying Power Poised to Boost Homeownership

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes,

“The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”.

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Sept. 11, 2019

How Quickly Can You Save for a Down Payment?

How Quickly Can You Save for a Down Payment?

 

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Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state.

Using data from HUD, Census and Apartment List, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense.

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Sept. 10, 2019

Home Sales Expected to Continue Increasing In 2020

Home Sales Expected to Continue Increasing In 2020

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020.

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Sept. 9, 2019

Everybody Calm Down! This Is Not 2008

Last week realtor.com released the results of a survey that produced three major revelations:

  • 53% of home purchasers (first-time and repeat buyers) currently in the market believe a recession will occur this year or next.
  • 57% believe the next recession will be as bad or worse than in 2008.
  • 55% said they would cancel plans to move if a recession occurred.

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Sept. 6, 2019

The Role Access Plays in Getting Your House Sold

The Role Access Plays in Getting Your House Sold

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and you’ve been asked what level of access you want to provide to potential buyers.

There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, and Price. There are many levels of access you can provide to your agent to be able to show your home.

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Posted in Sellers
Sept. 5, 2019

How to Prepare Your Credit to Buy a Home with Johanna Diaz

How to prepare your credit to buy a home with johanna diaz

 

In today's episode Ricardo Rodriguez, Realtor and owner at Cobblestone Realty sits down with Johanna Diaz of Credit Rx - A credit consulting company that has helped thousands of people go from bad credit to homeownership in the last few years and the first credit consulting company to ever be recognized by Top Agent Magazine.

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Sept. 4, 2019

How Property Taxes Can Impact Your Mortgage Payment

How Property Taxes Can Impact Your Mortgage Payment

When buying a home, taxes are one of the expenses that can make a significant difference in your monthly payment. Do you know how much you might pay for property taxes in your state or local area?

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Sept. 3, 2019

Top Priorities When Moving with Kids

Top Priorities When Moving with Kids

According to the Pew Research Center, around 37% of U.S students will be going back to school soon and the rest have already started the new academic year. With school-aged children in your home, buying or selling a house can take on a whole different approach when it comes to finding the right size, location, school district, and more.

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