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Monthly Archives: July 2016

    Home Sales Accelerate During The “Dog Days of Summer” [INFOGRAPHIC]

    By Marco Manumbas | July 29, 2016

    Some Highlights: Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million. Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year. Median home sales prices rose to $247,700, 4.8% higher than a year ago and replaced... Read More

    Americans Believe Real Estate is Best Long-Term Investment

    By Marco Manumbas | July 27, 2016

    According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “Which would be the best way to invest money you did not need for more... Read More

    Rents Skyrocket at Highest Rate in almost a Decade

    By Marco Manumbas | July 20, 2016

    The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007. This coincides with a report released earlier this month in... Read More

    3 Crucial Questions Most Home Buyers Don’t Know the Answer To…DO YOU?

    By Marco Manumbas | July 14, 2016

    Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to: What is the minimum down payment required to purchase a home? What is the minimum FICO score required to qualify for a mortgage?... Read More

    Would You Qualify for a Mortgage Now?

    By Marco Manumbas | July 13, 2016

    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’s latest 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... Read More

    Homeownership Builds Wealth & Offers Stability

    By Marco Manumbas | July 12, 2016

    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 John Taylor, CEO of the National Community Reinvestment Coalition, explains that those who lack the opportunity to... Read More

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