5 common down payment misconceptions

Published Oct. 2015, www.housingwire.com Before you let the cost of a down payment get in the way of your homeownership dream, make sure you fully understand the options available to you. According to Down Payment Resource, consumers are motivated to buy, but the down payment continues to be a primary obstacle. “Most homebuyers don’t know to look for or ask about homeownership programs … [Read more...]

Home Sales Nearing 8.5 Year High

Published Aug. 2015 by Reuters.com U.S. home resales rose to a near 8-1/2-year high in July and factory activity in the mid-Atlantic region picked up this month, fresh signs of steady economic growth that likely keeps the Federal Reserve on track to raise interest rates this year. While other data on Thursday showed a slight increase in the number of Americans filing new applications for … [Read more...]

Auburn Home Prices Spike

Published July 2015 by AuburnReporter.com Home prices in Auburn jumped 11.8 percent, even though home sales dropped 4.1 percent in June compared to the same month last year. A total of 142 homes were sold at a median price at $313,000, according to numbers compiled by Redfin, a Seattle-based real estate company. The median home price was $320,000 for single-family homes and $186,250 for … [Read more...]

Washington is a Top Destination for Buyers

by NWREporter January 2015 Washington was a popular destination for relocating families during 2014, according to a study by Allied Van Lines, one of the world’s largest moving companies. The Evergreen State landed in 6th on Allied’s ranking of Most Inbound States. Texas retained top spot for the 10th consecutive year. Rounding out the top five were Florida (2nd), Arizona (3rd), South … [Read more...]

Limited Inventory Frustrates Homebuyers

By NWREporter, February 2015 Home sales this super bowl season outpaced a year ago as sidelined buyers emerged to compete for limited inventory, according to brokers who commented on January activity. New figures from Northwest Multiple Listing Service show year-over-year increases in pending sales, closed sales, and prices, while inventory fell by double digits. “The current inventory of … [Read more...]

Millennials Want Smaller, Smarter Homes

by NWREporter February 2015 Younger, first-time buyers are expected to enter the housing market, but they’ll want smaller, more affordable and smarter homes, predicted a building official during the International Builders’ Show held in January in Las Vegas. Laundry rooms will be essential and home technology will become increasingly prevalent, according to speakers. Rose Quint, assistant … [Read more...]

6 Steps for House Hunting

Posted on money.cnn.com, August 2014 Are you ready to hit the pavement (or the web) looking for a new home?  Here are some steps to take before you go. Step 1: Decide where you want to live. Your first step here is to figure out what city or neighborhood you want to live in. (Remember the old saw about “location, location, location.”) For overall demographics and data on metropolitan … [Read more...]

Home Buying Quiz: How much do you know?

From money.cnn.com, August 2014 From mortgages to closing costs, here are five questions to test your knowledge of these homebuying essentials. Answers appear at the bottom of this quiz. Question 1: How will a bad credit score effect your ability to buy a home? A. I may not qualify for a mortgage B. I may need a bigger down payment C. I’ll have to pay a higher mortgage … [Read more...]

Buying a home with family

By Marcie Geffner, Bankrate.com, August 2014 Suppose you’re buying a home. And suppose, too, that you have an elderly parent or adult child who’d like to live in your home with you. Why not buy a home together as a family? If that sounds smart to you, you’re not alone. Multigenerational living is ‘in’ In fact, a recent study by the National Association of Realtors found that 14 percent … [Read more...]

Jobs Report: Hiring Up, Unemployment Down

By Annalyn Kurtz, Money.CNN.com, July 3, 2014   The U.S. economy added 288,000 jobs in June, the Bureau of Labor Statistics reported Thursday. That number beats economists’ expectations and comes along with other good news: Job growth was revised higher for both May and April. Taken altogether, that means employers added 1.4 million jobs in the first six months of the … [Read more...]