A Homeowner’s Net Worth is 45x Greater Than a Renter’s!

A Homeowner’s Net Worth is 45x Greater Than a Renter’s!

 

Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400). -Continue reading…

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Would You Qualify for a Mortgage Now?

Would You Qualify for a Mortgage Now?

The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’slatest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true. -Continue reading…

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Serious About Home Buying? Get Pre-Approved

Serious About Home Buying? Get Pre-Approved

In many markets across the country, the amount of buyers searching for their dream home greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-approved for a mortgage before starting your search. -Continue reading…

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4 Ways to Update Your Digital Persona

By Claire Wiese

Your digital presence is more important than ever, and now is the perfect time for some digital updates. Make sure that everything from your professional site to your social media is up to date. Here are four areas that you can re-evaluate today: -Continue reading…

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4 Reasons to Buy This Summer!

4 Reasons to Buy This Summer!

Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.

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Is Now the Right Time to Put Your House on the Market …or Not?

Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before:

“With last month’s decline, the index reading is still the third highest in the past year, but declined year-over-year for the first time since August 2014.” -Continue reading…

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Understanding First-Time Homebuyers: What to Know, and How to Serve

Understanding First-Time Homebuyers: What to Know, and How to Serve

By Marc Gould
The summer buying season is in full swing, and first-time homebuyers make up a sizeable portion of your firm’s potential clientele—32 percent, according to the National Association of REALTORS® (NAR). -Continue reading…

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Survey Says: Homeownership Rate Not Hurt by Student Loan Factor

While the U.S. homeownership rate has neared a half-century low, student debt is not the cause, according to a new Evidence Speaks report by Brookings Nonresident Senior Fellow and University of Michigan Economics Professor Susan Dynarskiy.

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Don’t Get Duped: Scammers Peddling Good Credit Scores

By John Voket

Was your credit negatively impacted by the downturn? Don’t be lured by the promise of a raised credit score, Freddie Mac warns. Schemes that falsely raise credit scores will land borrowers in scalding hot water—as well as cost time and money combating both origination- and servicing-related fraud. -Continue reading…

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