With today’s rising inflation and interest rate hikes, potential borrowers are looking for new, less costly ways to access credit. Until recently, a home equity line of credit, or HELOC, was hard to come by. But as mortgage rates increase and applications drop, more banks are willing to offer HELOCs to homeowners eager to tap into their home’s equity. Yet a HELOC, like any other loan, isn’t right for everyone. So if you’re interested in exploring getting a HELOC—but aren’t quite sure what it is—read on. We explain why a HELOC is suddenly easier to get and who can benefit from … Continue reading...
Seller think about this before moving.
Are you selling your home? Maybe you’ve decided to move into one of your investment properties for a change of scenery. Or, maybe you need a smaller home. Whatever the reason for your move, you’ll have plenty of tasks to handle. Thankfully, there are several professional services you can hire to make the process easier. 1. A professional moving company It's going to be a chore to pack everything and move it to your new location. If you’re moving by yourself, it will be a frustrating and exhausting experience. Although you can ask friends for help, nobody really likes helping anyone … Continue reading...
September fun event in Colorado
There is so much to love about living in Colorado. Whether you’re an outdoor enthusiast, urban adventurer, sports fan, or patron of the arts – there is something here to feed everyone’s passions. Check out these new and exciting events to add to your calendar this month that will help you fall in love with where you live all over again. Four Corners Folk Festival – Pagosa Springs, Colorado. Photo: Four Corners Folk Festival Four Corners Folk Festival – September 2 – 4 Looking for some of the best folk, acoustic, and bluegrass music in Colorado, along with camping, food, and family fun? … Continue reading...
What the Mortgage Report looks like
Weekly Mortgage Report - August 12, 2022 According to the Freddie Mac Primary Mortgage Market Survey, the 30-year fixed rate was up 23 basis points last week, a reminder that recent volatility remains persistent. Although rates continue to fluctuate, recent data suggest that the housing market is stabilizing as it transitions from the surge of activity during the pandemic to a more balanced market. Declines in purchase demand continue to diminish while supply remains fairly tight across most markets. The consequence is that house … Continue reading...
Market Update
What Can You Expect The Second Half of 2022 In The Housing Market In Connecticut? Since the beginning of the year, the US economy has been cooling off. After several years of strong growth, rising inflation and energy costs are affecting US households in ways not seen since the 1970s. For those who are actively involved in the buying or selling or real estate, there is confusion and fear about how the economic slowdown will affect their options. Geroge Ratiu is a senior economist for research with Realtor.com and in a recent article, he outlined his predictions for the second … Continue reading...
Should I buy or rent?
https://www.youtube.com/watch?v=FpomY2b4k2I Should you rent or should you buy a home? With inflation rising, you may be wondering if you should put your plans to buy on pause. Here’s some information that may help you make your decision This graph shows the median asking rent since nineteen eighty-eight. What stands out to me is how steadily it’s been rising each year. If you’re still renting, ask yourself: how many times has your rent gone up? Probably every time you started or renewed a lease. And as inflation raises prices all around you, that can be a harder pill to swallow these days. … Continue reading...
Lots of reasons why you need ME!
Did you know that 68% of home buyers choose a real estate agent? In the US, the home buying process has become much easier and more accessible in recent years. Buying a home is an exhilarating and confusing process for first-time buyers, and navigating through it all can be alone can be difficult. As it comes with a slew of paperwork, agreements, terms, and conditions. If you don’t know what to consider before hiring a broker, we have the best guide to help you out. Read on to learn about the benefits of buying a home with a real estate agent. Have Access to MLS One of the benefits … Continue reading...
Denver Stats
Homes More Likley to Sell at Asking Price According to DMAR, the close-price-to-list-price ratio was down to 100.81 percent, a clear indication that the market has shifted and most buyers are no longer paying over asking price for homes. July saw an increase in active inventory by a whopping 81.48% when compared to July 2021. Denver metro only had 4,056 homes for sale at the end of July 2021 and at the end of July 2022, we had 7,361. Homes Taking Longer to Sell For the first time since February of 2020, days on market went up year … Continue reading...
What Deb at Guaranteed Rate can do for buyers!
Email me Call me Hey Will, In a market flooded with cash buyers, speed is important to you and your clients. That's why we created FastTrack, a Guaranteed Rate offering that shortens closing times so borrowers can get a CTC in as fast as 24 hours, and to the closing table in as fast as 10 days. That's a speed no bank can touch. 5 ways we make things easier for your clients. FastTrack1 Get a clear to close in as fast as … Continue reading...
More sense to rent or buy a home in today market!
If rising home prices leave you wondering if it makes more sense to rent or buy a home in today’s housing market, consider this. It’s not just home prices that have risen in recent years – rental prices have skyrocketed as well. As a recent article from realtor.com says: “The median rent across the 50 largest US metropolitan areas reached $1,876 in June, a new record level for Realtor.com data for the 16th consecutive month.” That means rising prices will likely impact your housing plans either way. But there are a few key differences that could make buying a home a more worthwhile option … Continue reading...