Monthly Archives: October 2015

Picking Real Estate Representation through Facebook

According to a joint study released by Google and the National Association of Realtors, 2 of 3 people searching for a prospective real estate professional research them“extensively online prior to working with them”. And, that number is probably increasing every … Continue reading

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2016: Homeowner’s Net Worth to be 45X Greater Than a Renter

Every three years the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times … Continue reading

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Family Wealth Grows as Home Equity Builds

With residential real estate values rising quite substantially in most parts of the country over the last few years, many homeowners are seeing a major increase in their family’s wealth as equity continues to build in their house. A recent … Continue reading

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Why so much paperwork when applying for a mortgage?

We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources … Continue reading

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Do you really think the landlord pays for repairs?

A recent article that appeared on addressed the issue of whether it is best to buy or rent in today’s real estate environment. The article was very fair in discussing both options. However, there was one portion of the … Continue reading

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New Home Sales Surge; Wahoo!

According to the latest report from the US Census Bureau and the Department of Housing and Urban Development, newly constructed home sales jumped 5.7% month-over-month and 21.6% year-over-year to an annual pace of 552,000. Many buyers are looking to the … Continue reading

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4 Reasons to Buy BEFORE Winter Hits

It’s that time of year; the seasons are changing and with them bring thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether now is the right time to … Continue reading

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Housing Holdbacks: Student Debt, Mortgage Market Confusion, and a Declining Marriage Rate

Despite a growing economy, a new survey has found that the financial pressures of student debt, persistent confusion about the mortgage process and a continuing nationwide marriage rate decline are important factors combining to slow the housing market. The third … Continue reading

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CFPB Sends Industry Letter on ‘Know Before You Owe’ Mortgage Disclosure Rule Compliance

The Consumer Financial Protection Bureau (CFPB) recently sent a letter to mortgage industry trade groups regarding the Know Before You Owe mortgage disclosure rule, which became effective October 3. The rule, also called the TILA-RESPA Integrated Disclosure rule, requires easier-to-use … Continue reading

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September’s Employment Situation Dimmer Than Expected

Total nonfarm payroll employment increased by 142,000 in September, and the unemployment rate was unchanged at 5.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care and information, while mining employment fell. “The September … Continue reading

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