It’s no surprise that foreclosures are down over the last 12 to 18 months. With the real estate market being on fire, most homeowners have seen their home appreciate 10% – 20% over the last 12 months. With home prices increasing more people have equity in their home and therefore they can sell or not give it back to the bank and pay their debt.
Foreclosure Inventory Down 33%, CoreLogic Says
“The nation’s foreclosure inventory continues a precipitous decline, falling 33 percent year-over-year in August, according to CoreLogic’s August National Foreclosure Report. About 939,000 homes were in some stage of… Continue reading
Yesterday I spoke about how the U.S. government shutdown would have an impact on not only people who are looking at buying and selling homes, but all Americans, because consumer confidence will go down. Below is a great article from Bloomberg about the impact this can have on the real estate recovery if the U.S. government shutdown last for more than 7 days.
U.S. Government Shutdown Threatening Housing Recovery
“A U.S. government shutdown will immediately slow approval of thousands of mortgages. If it lasts more than a week, it threatens housing and the broader economic recovery.
Congress forced the first… Continue reading
If you live in a rural area the government shutdown can end up having a sizeable impact on you selling your home. Since a lot of potential home buyers don’t have much money saved up for a down payment and mortgage closing costs they rely on the USDA loan. The loan allows buyers to get 100% financing and the seller can pay a percentage of the buyers closing cost. With the government shutdown the Department of Agriculture will not make or guarantee any loans.
Government shutdown will freeze USDA mortgage operations
“One of the biggest questions regarding the shutdown… Continue reading
The housing market has been increasing in price over the last 18 – 24 months and a lot of people are wanting to know when and if it’s going to slow down. As we’ve learned from the recession, the market always has it’s ups and downs. Over the last couple months the national real estate market has been correcting itself and has been leveling off.
Why The Real Estate Market Is Topping Out
“My primary concern is the lack of growth in jobs and wages. People still do not feel confident that their jobs will remain for the long term.… Continue reading
Over the last few years mortgage lenders have been very strict with their requirement for lending money. Most people believe they have been far to strict and over documenting every file that comes in. There’s good news on the horizon, as lenders are loosening up their credit guidelines for buyers. Below is a good article by Inman News that will hopefully put a smile on your face if you are a home buyer.
As mortgage refi boom dries up, lenders loosening requirements for homebuyers
“Online mortgage originator LendingTree’s monthly Credit Accessibility Report shows the average accessibility score for U.S. borrowers… Continue reading
Everyone desires to have their very own home. You can have the freedom and security if you own a house instead of renting one and you can definitely save a lot of money instead of it going to monthly rent and other related fees. However, it is very hard to acquire one especially if you are on a tight budget. You might be surprised on how much each one of them cost these days. This is one of the many reasons why more and more people are looking for foreclosures as an alternative. There are a lot of Tampa foreclosures… Continue reading
For most homeowners, the kitchen is the heart of every household. Practically, a lot of homeowners spend a lot of time in their kitchen rather than in their living room. The kitchen is not only the most used room in the house, but it also brings the most weight when the time comes for you to sell your home. Potential home buyers, for the most part, prefer to invest in homes with furnished and majestic kitchens.
Remodeling a kitchen is by far one of the best and most effective ways to improve your home’s overall value and aesthetic appeal. As… Continue reading
We have all went through the panic cleaning marathon right before company came over and it sometimes can be a real drainer. We end up rushing everything and stuffing things into the closet or chucking things under the sofa just to speed up the process. Just imagine you own one of those huge luxury homes in Tampa and one day you decide to do a thorough clean up. Imagine the absolute mess you will find. Here are some really practical tips on how to avoid the whole problem.
Return what you use – This is one of the most basic… Continue reading
One of the biggest secrets in getting your home on top of the ‘most appealing’ among the new homes in Tampa for buyers is to give a little extra attention to the kitchen. Generally, if you can win the buyer with your kitchen, the rest of the house will be pretty easy. Here are some ways to put that ‘wow’ factor in your kitchen.
Choosing a design that will appeal to a wide market range is one good way to attract buyers. Remember that emotion plays a major role in the decision making of the buyer so to be safe,… Continue reading
For those who are looking to purchase their first luxury home in Tampa Bay, you already have a lot on your mind. Considering the great investment that this will be for you and your family, you will off course want to find the best deal out there. If you have kids at present or are contemplating having a family in the near future, then you have an additional factor to consider: Is the home child friendly?
Considering the child friendliness of the home will help ensure that your child is safe and you don’t have a hard time keeping watch… Continue reading