One of the best long-term decisions that a person can make is purchasing a new home. While the value of a home may go up and down over a short period of time, home values have always increased over the long-term and have proven to be a great way to build personal equity. To purchase [...]
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It seems that Americans are continuing to dream of homeownership, at least according to JPMorgan Chase’s recent survey. A total of 87% of those surveyed said owning a home is something they dream about. “Owning a home is at the heart of most Americans’ dreams,” said Kevin Watters, CEO of mortgage banking at JPMorgan Chase. [...]
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The housing slowdown may have been accompanied by an inability for potential homeowners to obtain mortgages, but the latest Fannie Mae National Housing Survey shows movement on the mortgage consumption-front. For the month of November, 51% of survey respondents said it would now be easier to obtain a mortgage. This larger vote of confidence suggests [...]
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Barry Habib with Mortgage Market Guide was a guest on the CNBC show Squawk Box yesterday and shared some great insight on why now is the “perfect storm” for homebuyers. He points to three big reasons all renters should jump into homeownership: 1. Rent rates are increasing in some markets. It is becoming increasingly more [...]
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When I was a kid every once and a while I would hear a grown up say “I wish I had….” It might have been buy that Microsoft stock when my friend told me about it or that piece of land that looked like a dump and was dirt cheap but now has a booming [...]
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Before you begin the process of looking for a new home, as a potential home buyer, you will want to carefully inspect your financial situation. Home buyers should be certain their current income and monthly expenses can support a healthy mortgage payment. There are several ways would-be home buyers can maximize the income they have [...]
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Higher home prices are expected by 33% of consumers over the next year. Fannie Mae’s monthly housing survey indicated 5% more people expect home prices to increase this month over the 27 percent surveyed last month who thought prices would increase this year. Nearly half of consumers expect higher rental prices as well, the highest [...]
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