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8 DIY Disasters That Can Make a Horrible First Impression on Buyers
Source: Realtor --- When touring a home for sale, first impressions are everything—and we’re not just talking about curb appeal. It’s common for sellers to spruce up their house before putting it on the market, and some of these home improvements can include DIY...
Do you want to know how inflation impacts your savings? The ‘rule of 72’ may help
Source: CNBC --- Inflation is eroding the value of consumers’ savings at the fastest pace in four decades. The Consumer Price Index, which gauges how quickly costs are rising for a basket of goods and services, jumped 8.6% in May from a year earlier, the U.S....
Mortgage prepayments have fallen 62% from a year ago. This is what that says about the housing market.
Source: Market Watch --- Mortgage prepayment activity fell 19.1% just from March to April and 61.8% from a year ago, according to research from mortgage data and analytics company Black Knight. Why is prepayment activity down so drastically? It’s driven in large part...
What Is Private Mortgage Insurance? Here’s Everything Homebuyers Need to Know
Source: CNET --- If you make a down payment of less than 20% on your home, you'll probably have to purchase private mortgage insurance. When you make a smaller down payment, lenders tend to consider you a higher-risk candidate for a mortgage, and the PMI requirement...
The 5 Things Nobody Tells You About Buying a House on a Lake
Source: Apartment Therapy --- Taking the plunge on waterfront life involves more than just a hefty price tag. For all the perks of buying a lake house (of which there are many!) there are also a few tedious downsides that need to be considered and budgeted for before...
CoreLogic: Home-price growth sets another record but should cool soon
Source: Scotsman Guide --- Nationwide home prices grew 20.9% year over year in April as buyers continue to race against increasing mortgage rates in an effort to fine affordable homes, according to CoreLogic. The annual price gain in the company’s most recent Home...
