My Blog

How Much Are Parents Spending to Live Near Good Schools?

schoolsIt’s back-to-school season and aside from shelling out money on supplies for their children, many parents are spending millions of extra dollars to live near the best public elementary and secondary schools in their areas. According to data from home search portal, homebuyers in California, New York, and Washington state are spending well above [...]Read More

How Much Real Estate Does $1 Buy in Different Markets?

onedollarbuyIt’s no secret that housing prices have been quickly climbing over the past decade — the median home value in the U.S. is higher than ever before, at almost $220,000, and some markets, like San Jose, Las Vegas and Atlanta, are reporting double-digit annual home value growth in the U.S. Markets . But understanding what [...]Read More

Uber Real Estate. Disruptor or Distractor?

uberrealestateUber announced the launch of its real estate services today. Its news release touts huge discount commissions and fees, and indicts the current real estate industry as the “enemy of the people.” The news release is big on hype, and little on detail. It won’t take Uber long to figure out the complexity of the [...]Read More

Top 5 Reality TV Myths vs. Real Life

realitytvHave you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of “Love it or List it,” “Million Dollar Listing,” “House Hunters,” “Property Brothers,” and so many more all in one sitting. When you’re in the middle of [...]Read More

Get Free Money for Your Down Payment

freemoneyWant to buy a house but short on cash to get the deal done? It’s a common problem that is keeping countless potential buyers on the sidelines. “Money issues often stand in the way of homeownership,” said Bankrate. “A survey by rental service Apartment List found that 80 percent of millennial renters want to buy [...]Read More

Impending Baby Boomer Sell Off Could Mean Deals to Be Found

babyboomersBaby boomers who’re planning on downsizing or leaving the real estate market altogether could send “shock waves” through the industry, according to a couple of new studies. Fannie Mae’s Economic Strategic Research Group said in its report that homeownership demand from younger generations is “insufficient” to replace the void being created by departing older owners. [...]Read More

Dip in Rates Provides Stability for Housing

dipinratesBorrowers saw a little relief from recent increases. Mortgage rates dropped slightly this week, with the 30-year fixed-rate mortgage averaging 4.59 percent, Freddie Mac reports. “This stability is much needed for home sales, which have crested because of the multiyear run up in prices, tight affordable inventory, and this year’s higher rates,” says Sam Khater, [...]Read More

Should You Get a Fixed or Adjustable Rate Mortgage?

fixedorARMYou’ve been dreaming of owning a home for years, and now you’re finally ready to make the leap. You’ve found the perfect place and may have even started deciding where to put the furniture, but you still have one big obstacle standing in your way: getting a mortgage. If you’ve never bought a home before, [...]Read More

Thinking of Selling? Competition is Coming

sellingyourhomeThe number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a [...]Read More

Freddie Mac Launches New Program to Keep Rents Affordable

freddiemacFreddie Mac is offering up a new program aimed at investors that aims to keep rents more affordable to working families. The mortgage giant said the new Mezzanine Loan pilot program is designed to incentivize investors to keep rents low for working families without any federal, state or municipal subsidy via favorable loan pricing. Under [...]Read More