Selling your home

Top 10 Markets for First-Time Home Buyers in 2014 - Pittsburgh topped the study’s ranking!

by qjtoner 17. April 2014 06:35

The top 10 markets for first time home buyers this year include seven metropolitan areas in Sun Belt states,

plus the areas around Pittsburgh and Philadelphia, according to a new report by realtor.com®.

Pittsburgh topped the study’s ranking, which examined five key factors that make particular markets ideal for first-time buyers:

market popularity, prices, inventory, time on market and unemployment rates.

Florida had the most market of any state, with the metropolitan areas of Tampa-St.Petersburg-Clearwater,

Orlando and Jacksonville all making the list.


Top 10 Markets for First-Time Home Buyers by Rank

MSA Median Listing Price Total Listings Median Age of Inventory Unemployment rate
Pittsburgh, PA $135,000 11,026 128 5.70%
Tampa-St. Petersburg-Clearwater, FL $169,900 21,062 88 5.90%
Philadelphia, PA-NJ(NJ) $174,900 10,656 141 6.40%
Fort Worth-Arlington, TX $175,000 8,433 67 5.40%
Orlando, FL $191,900 13,425 81 5.50%
Jacksonville, FL $198,000 9,787 95 5.60%
Philadelphia, PA-NJ(PA) $219,000 21,909 121 6.40%
Dallas, TX $224,900 15,887 57 5.40%
Raleigh-Durham-Chapel Hill, NC $227,500 9,435 98 4.90%
Phoenix-Mesa, AZ $244,900 23,654 59 6.20%


Read More at: http://www.realtor.com/news/top-10-markets-first-time-home-buyers-2014/

As seen on realtor.com

Mortgage Rates Dip as Spring Home-Buying Season Begins!

by qjtoner 11. April 2014 04:51

Mortgage rates across the United States have dropped slightly, just as the spring home-buying season has kicked into gear.

The average rate on a 30-year fixed mortgage dipped to 4.34% from 4.41% last week,

according to the latest survey from mortgage buyer Freddie Mac.

At this time last year—when rates hit record lows—the average was 3.43%.

Read more at: http://www.realtor.com/news/mortgage-rates-dip-spring-home-buying-season-begins/

As seen on Realtor.com

Mortgage Rates Remain Relatively Flat!

by qjtoner 4. April 2014 09:29


Mortgage rates for most U.S. home loans remained largely unchanged this week amid light economic news.

The average for a 30-year fixed-rate mortgage rose to 4.41%, up ever-so-slightly from 4.40% last week, according to the latest survey from mortgage buyer Freddie Mac.

The popular loan averaged 3.54% a year ago.

The 15-year fixed-rate average climbed to 3.47% from 3.42% last week. It averaged 2.74% at this time a year ago.

Read more at: http://www.realtor.com/news/mortgage-rates-remain-relatively-flat/

As seen on realtor.com

Mortgage Rates Rise to 2-Month High

by qjtoner 28. March 2014 09:51

After weeks of little change, interest rates for most U.S. home loans climbed this week, with the average 30-year fixed-rate mortgage reaching 4.4% for the first time since January.

The increases followed comments last week by Federal Reserve Chair Janet Yellen that indicated the Fed could start raising short-term interest rates as early as 2015.


As seen on Realtor.com

Read more at: http://www.realtor.com/news/mortgage-rates-spike-two-month-high/

February Listings Rise Despite Falling Temperatures!

by qjtoner 20. March 2014 08:22


More sellers are now putting their homes on the market than at this time last year,

according to the latest National Housing Trend Report from realtor.com®.

Inventories of homes for sale rose 10% year-over-year to 1.744 million units, indicating increasing seller optimism and a strong,

early beginning to the spring home-buying season, according to the report’s February data.  


The median list price of $199,000 was 7.6% higher than it was during the same month last year,

while the median age of inventory increased 6.5% above last year’s figures, to 114 days.

As seen on realtor.com

Read more at: http://www.realtor.com/news/realtor-com-report-february-shows-increase-listings-despite-freezing-weather/

Sell or stay in your home this spring?

by qjtoner 13. March 2014 04:30

It's coming on the spring home selling season,

the most active period of the year for single home titles changing hands,

and this year the outlook for home-sale growth is up across the board.

Single-family homes, townhouses and condominiums are all expected to see stronger sales in 2014.


Many homeowners now have to ask themselves: Sell or keep their homes?

Read More At: http://realestate.msn.com/blogs/post--sell-or-stay-in-your-home-this-spring

As seen on MSN Real Estate!

10 Things to Consider Before Making an Offer on a Home!

by qjtoner 4. March 2014 10:31

If you’ve narrowed down your choice of a home to one, you may be eager to make an offer and get negotiations started.

If you’re buying in a tight market where sellers have the upper hand you may even feel pressured to put in an offer the moment you see a house.

But, before you write that check for your earnest money deposit, you should take a little time to investigate the house and the neighborhood so you have a better idea of what you’re buying.

Your REALTOR® can be a valuable resource in gathering information for you and getting the answers to your questions from the seller’s agent.

In the meantime, you can be proactive and do some of your own research.

Read the 10 hings you need to consider at: http://www.realtor.com/advice/10-things-consider-making-offer-home/

As seen on realtor.com

Realtor.com® Report: 2014 Home Buying Starts Strong

by qjtoner 26. February 2014 05:49

The polar vortex is proving to be no sweat for home buyers, according to the latest National Housing Trend Report from realtor.com®.

Despite severe winter weather conditions across the nation,

the 2014 home buying season got off to a good start with a year-over-year increase in inventory and sustained growth in home prices.

The median list price for January rose 8.3 percent compared to the same time last year, according to the realtor.com® data. The number of properties for sale was up 3.1 percent. And the median age of inventory was essentially unchanged,

indicating a transition to a “less frenzied market” than in January 2013.

Read more at: http://www.realtor.com/news/realtor-com-report-strong-start-to-home-buying-season/

As seen on realtor.com


New Mortgage Information Tool Launched by CFPB

by qjtoner 13. February 2014 06:10

Successful problem solving often depends on the tools you’re given: The more information you have, the better equipped you are to identify and solve an issue. That’s the idea behind the federal Consumer Financial Protection Bureau’s new mortgage data tool and the new data-reporting requirements it plans to propose this year.

As seen on Realtor.com

Read more at: http://www.realtor.com/news/a-new-mortgage-tool-from-the-cfpb/#.UvzuJbS7TTU

What the New Mortgage Rules Mean for Borrowers

by qjtoner 4. February 2014 04:46

Whether you’re refinancing your home loan or planning to buy a home in 2014, you’ll be among the first consumers to apply for a mortgage under new rules established by the Consumer Financial Protection Bureau.

Known as “Qualified Mortgages” or QM regulations, these new rules are meant to protect consumers from unsustainable loans and to prohibit lenders from approving loans for unqualified borrowers. The rules, part of the aftermath of the housing and financial crisis, change the availability of some loan programs and limit the fees that lenders can charge to consumers.

As seen on Realtor.com

Read more at: http://www.realtor.com/news/what-the-new-mortgage-rules-mean-for-borrowers/#.UvD81bSzLTU


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