Homeowners: Your Home Must Be Sold TWICE! That’s correct, every home on the market has to be sold 2 times, once to a prospective buyer and then to your bank (through the bank’s appraisal). With home prices increasing, the 2nd sale might be even more difficult than the 1st. Maybe your planning on jumping into […]
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Don’t let buying a home intimidate you… get familiar with the lingo used during the home buying process! Your REALTORS® at NextHome Metro Group have compiled a list of some of the most common terms used when buying a home. Be sure to bookmark this handy home buyer’s glossary for future reference! Annual Percentage Rate (APR) This […]
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Confused about what’s actually required to qualify for a home mortgage loan in today’s housing market? Here’s the facts…
The post Misconceptions About Mortgage Down Payment and Credit Scores Busted appeared first on Randy Lenz | Real Estate.
The housing inventory in Greater Madison is 1.7 months, less than 1/3 of what is typical for our market. And as such, homes hitting the market get instant attention and are selling at premium levels!
The post Here’s Why You Should Sell Your Home TODAY! appeared first on Randy Lenz | Real Estate.
There was high outbound activity in the Northeast for the 5th year in a row! Most of the moving can be attributed to Baby Boomers relocating upon retirement. The top spot, surprisingly, belongs to South Dakota for high inbound activity. This is one list that Wisconsin did not earn a top spot in for people considering relocation […]
The post Where Are Americans Moving? (Infographic) appeared first on Randy Lenz | Real Estate.
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate has jumped up. The last few weeks we’ve seen 3.94% to the current higher rate of 4.03%. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. […]
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The housing crisis of the past is finally in dissipating as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up and distressed sales (foreclosures and short sales) are at their lowest mark in almost a decade. This year has been great for real estate […]
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Inventory of homes for sale is still well below the 6-month supply needed for a normal market. Prices will continue to rise if a ‘sizable’ supply does not enter the market.
The post Now Is a Great Time to Sell! appeared first on Randy Lenz | Real Estate.
There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the percentage of those owning a home reached an all-time high…
The post Percentage of Homeownership by Decade and State appeared first on Randy Lenz | Real Estate.
The results of the latest Rent vs. Buy Report from Trulia shows that home-ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage.
The post Buying is Now 37.7% Cheaper than Renting appeared first on Randy Lenz | Real Estate.
