Skip To Content

Monthly Archives: November 2015

    15,315 Houses Sold Yesterday! Did Yours?

    By Don Parsons | November 30, 2015

      There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all 15,315 houses sold yesterday, 15,315 will sell today... Read More

    Rent vs. Buy: Either Way You’re Paying A Mortgage

    By Don Parsons | November 30, 2015

      There are some people that have not purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage – either your mortgage or your landlord’s. As The Joint Center for Housing Studies at Harvard... Read More

    Location, Location, Location

    By Don Parsons | November 25, 2015

      A recent Demand Institute report revealed “nearly half of all American households plan to move at some point in the future.” Seventy-five percent of those surveyed in the report cited one or more ‘location-related reasons’ for their eagerness to move. Here are the top 5 reasons: Safer Neighborhood – 30% Closer to Family – 27% Change of... Read More

    Should I Wait to Put Down a Bigger Down Payment?

    By Don Parsons | November 25, 2015

         Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must purchase private mortgage insurance if they have less than the 20%. That increases the monthly payment the... Read More

    Thinking of Buying a Home? Ask Yourself These 3 Questions!

    By Don Parsons | November 25, 2015

      If you are debating purchasing a home right now, you are surely getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in real estate. Let’s look at whether or not now is... Read More

    Distressed Property Sales Hit New Low

    By Don Parsons | November 25, 2015

      The National Association of Realtors (NAR) just released their Existing Home Sales Report revealing that distressed property sales accounted for 6% of sales in October. This is down from 9% in 2014 and the lowest figure since NAR began tracking distressed sales in October 2008. Below is a graph that shows just how far the market has come... Read More

    The Cost of Waiting to Buy a Home

    By Don Parsons | November 24, 2015

      The National Association of Realtors (NAR) recently released their July edition of the Housing Affordability Index. The index measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national level based on the most recent price and income data. NAR looks at the monthly mortgage... Read More

    Homeownership Builds Wealth and Offers Stability

    By Don Parsons | November 24, 2015

      The most recent Housing Pulse Survey released by the National Association of Realtorsrevealed that the two major reasons Americans prefer owning their own home instead of renting are: They want the opportunity to build equity. They want a stable and safe environment. Building Equity In a recent article, John Taylor, CEO of the National Community Reinvestment Coalition, explained that... Read More

    Applying For A Mortgage: Why So Much Paperwork?

    By Don Parsons | November 23, 2015

      We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends... Read More

    Should I Pay a Mortgage Interest Rate over 4%?

    By Don Parsons | November 20, 2015

    Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact they may no longer be able to... Read More