The National Association of Realtors (NAR) reported that existing-home sales in August were the highest they’ve been in 17 months. They were up 1.3% from July and gained 2.6% over August 1018’s sales rate. What Are Existing-Home Sales? As the term implies, existing-home sales refers to completed resales of existing Continue Reading →
The way technology continues to evolve, it’s not very difficult to imagine a day when real estate is traded online like stocks and bonds. When you think about it, buying and selling real estate is still a very old school process with a lot of paper-pushing and tedious steps involved. Continue Reading →
There is an inverted Treasury yield curve that is currently happening because of the China trade war, Fed rate cuts and other unique market factors. It’s an abnormal situation, and it’s one that some people worry is a sign of an impending recession. Yet, how it’s affecting mortgage rates is Continue Reading →
A vast majority of home loans are considered Qualified Mortgage (QM) loans, which comply with strict regulations set forth by the Consumer Financial Protection Bureau (CFPB) and come with liability protection if the borrower is unable to keep up with payments. These are preferred by most lenders because they generally Continue Reading →
Did you know that there is a way to have the financial benefits of owning a second property while still having it considered “owner occupied?” It can be done if the house is lived in by your parents or a disabled child. Call it loophole or whatever you want, but Continue Reading →
