After it was announced that Fannie Mae and Freddie Mac would again make available mortgage loans requiring as little as a 3% down payment, many people showed concern. Were we going back to the lower qualifying standards of a decade ago that caused the housing market crash? Won’t lower down pay
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11/13/2014
Jacksonville Sold Faster Than Ponte Vedra Beach In SeptemberThe Ponte Vedra Beach Market in September slowed down as compared to last year whereas the overall Jacksonville market sped up. We saw a 15.47% rise in the "absortion rate" to 7.24 in Ponte Vedra Beach and a 8.47% decrease in the absorbt
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10/29/2014
The Gallup organization conducts an annual report entitled the Economy and Personal Finances Poll, which asks Americans to choose the best option for long-term investment. It was no surprise that real estate returned to the top position over other investment categories (gold, stocks/mutual funds
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10/29/2014
If you are thinking about purchasing a home right now, you are surely getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is actually
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10/28/2014
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet this fall, maybe it's not priced properly. After all
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10/28/2014
The National Association of Realtors (NAR) released their Existing Home Sales Report earlier this week. The report revealed that “sales bounced back in September to their highest annual pace of the year”. As the chart below shows, after a very slow start at the beginning of the year, residential
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10/27/2014
The price of any item (including residential real estate) is determined by ‘supply and demand’. If the supply of an item is larger than the amount of people looking to purchase that item, the price will decrease. According to the National Association of Realtors (NAR), historically there is a
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10/24/2014
Do you really need an agent to sell your house in today’s market? Here’s what Fannie Mae suggests to sellers on the Know Your Options section of their website: “Select how you'll market and list the home (e.g., with a real estate agent or for sale by owner). There are pros and cons to each, but
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10/16/2014
Discover Home Loans conducted an interesting survey that revealed how prepared homebuyers are for the actual mortgage process. The survey reported that 94% of prospective buyers believe they are making a good investment decision if they buy a home. The survey also explained that 66% of buyers
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10/15/2014
In comparing loans for your new home, keep the following in mind. Closing costs are split into two main categories: the closing costs controlled by the lender which vary from place to place and closing costs not controlled by the lender that will not be negotiated. The Process You will firs
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09/11/2014
