ARCHIVED BLOG POSTS

2018 

Americans continue to believe that homeownership is important in achieving the American Dream. A recent survey by NeighborWorks America reported that:“Owning a home remains a core element of the American Dream.”When asked “How important a part of the American dream is owning a home?” 18% of those...
01/11/2018
According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance and purchase loans. FHA and VA loans showed the most opportunity for millennials looking to enter the ma...
01/10/2018
The housing crisis is finally in the rear-view mirror as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up, and distressed sales (foreclosures and short sales) have fallen to their lowest points in years. It seems that the market will contin...
01/10/2018
  The bomb cyclone that hit the East Coast this week was a good reminder for everyone, regardless of whether your area is accustomed to winter weather (We're talking to you, Northeast and Midwest) or not (Hello, Florida!). There are some easy steps you can take to protect your home from winter w...
01/08/2018
CoreLogic’s latest Equity Report revealed that “over the past 12 months, 712,000 borrowers moved into positive equity.” This is great news, as the share of homeowners with negative equity (those who owe more than their home is worth), has dropped more than 20% since the peak in Q4 of 2009 (26%) ...
01/08/2018
  Many times, in the course of reviewing transaction files, I have read that an agent has recommended to the buyer that he or she should have the home inspected by a licensed home inspector. While one has to appreciate the earnestness of such advice, it is nonetheless at least a trifle amusing. ...
01/07/2018
  We may have a tricky year ahead of us, so what's the best and easiest strategy for consistent success in 2018? Pay Attention! Start the year with or without New Year's Resolutions, but commit to success this year by paying attention: #1. To how well informed you and information sources you rel...
01/06/2018
Some Highlights: Buyer demand continues to outpace the supply of homes for sale which means that buyers are often competing with one another for the few listings that are available! Housing inventory is still under the 6-month supply needed to sustain a normal housing market. Perhaps the time has...
01/05/2018
According to recently released data from the National Association of Realtors (NAR), the median amount of time a home spent on the market hit an all-time low of only three weeks in 2017. Strong buyer demand, a good economy, and a low inventory of new and existing homes for sale created the perfec...
01/04/2018
Homeownership is a major part of the American Dream. As evidence of that, 91% of Americans believe that owning a home is either essential (43%) or important (48%) to achieving that “dream.” In a market where some people may be unsure about the benefits and possibilities of buying a home, it is im...
01/04/2018
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Jennifer Carstensen -The Real Estate Agency

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