We’ve talked about it before and you’ve noticed it - housing prices have gone up. In some of the most dramatic circumstances, places in Florida and Nevada saw a 20% increase in home values.
Fortunately the rapid increase in home prices has leveled off. Most analysts predict that home values will continue to increase, but at a much slower rate.
When it comes to buying homes, there are three groups to pay attention to.
The largest group of purchasers is existing homeowners who are “moving-up”, “moving-down”, or “moving-over”. They bought 44.6 percent of homes in June, up from 43.8 percent in May.
Interest Rate Performance
This week has been a good week for interest rates. They have mostly stabilized, which is a good thing since the past two months have brought a fairly dramatic upward spike.
Interest Rate Future
Every year the Southwest Washington Region - American Red Cross produces a book of helpful resources for military families. One of our favorite parts of the book is the section that lists various discounts at stores and for services.
What comes to mind when you think of the word “negotiate”? There are lots possible reactions to this word. Many people get nervous, other people feel a sense of pride in their ability to crush the competition.
The market has been going crazy lately. Just yesterday the stock market closed at a record high. But if you look at a graph of how it has been closing over the past year, it looks like a mountain range.
FHA is a really good program, especially for first time home buyers. The program is designed to help people transition from being a renter to being a homeowner by requiring as little as 3.5 percent down and by allowing most of your closing costs and fees to be wrapped into the loan.
We've noticed the sudden increase in home prices lately, and it seems like everyone else has too. So why does it seem like appraisers are missing the boat?
For over a year mortgage rates were dropping, and they hit what many experts are calling “the bottom”.
We worked hard to spread the word to US Veterans then, that it was an ideal time to refinance. We helped hundreds of Veterans improve their interest rates and purchase their dream homes. We loved helping these families, and loved seeing the joy behind their smiles when they signed.