The Takeaway: Despite the overwhelmingly pervasive information circulating to the contrary, a great number of potential home Buyers still believe that they need a 780 FICO® score and a 20% down payment, in order to qualify for a home purchase. This misinformation of course then deters many would be homeowners ...
Continue ReadingThe Takeaway: Major financial and property analyst, CoreLogic predicts home values will appreciate by 5.0% over the next 12 months. Mortgage giant, Freddie Mac predicts interest rates to increase to 4.4% by next year. The Cost of Waiting to Buy is defined as the additional funds it would take to ...
Continue ReadingAccording to Pulsenomic’s most recent Home Price Expectation Survey, home prices are expected to appreciate an average of 3.64% per year over the next 5 years. This accounts for an expected cumulative increase of 18.4%. The report itself is created by surveying an expert panel of 100 economists, investment strategists, and real estate market ...
Continue ReadingCountless studies indicate that potential home buyers have an inflated view of what it actually takes to qualify for a mortgage in today’s market. The Wharton School of Business at the University of Pennsylvania’s research found that many Millennials have not moved forward with a home purchase, as it is ...
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