When it comes to assessing a home’s value, homeowners tend to be overly optimistic. However, appraisers are much more cautious, as they have to predict a realistic value for the home that the bank can use to extend credit to a buyer. There are five areas where homeowners often misjudge the worth of
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Sell Home Quickly with No Staging Budget
What you should know about the home sale market When considering listing a home for sale, homeowners are advised to do many things – get rid of clutter, increase curb appeal, spruce up entryways, etc. Paying attention to how the home looks and smells are critical because it’s one of the first impressions
Fannie and Freddie won’t lower mortgage principal, regulator says
Los Angeles Times Fannie and Freddie won’t lower mortgage principal, regulator says After a lengthy review, the Federal Housing Finance Agency, the agency that oversees Fannie Mae and Freddie Mac, decided it will not allow Fannie Mae and Freddie Mac to lower the amount some underwater homeowners owe on their mortgages despite new financial incentives
Shrinking supply of homes for sale has upended market dynamics
Los Angeles Times Shrinking supply of homes for sale has upended market dynamics One of the sobering fundamentals shaping real estate this summer is shrinking inventory: The supply of houses for sale has fallen significantly in most areas compared with a year earlier, sometimes dramatically so. Read the full story http://on.car.org/OsBy2L
How Forgiveness fits in Housing-Fix Toolkit
The Wall Street Journal How forgiveness fits in housing-fix toolkit Policy makers are wrestling with a dilemma about the overhang of mortgage debt from the housing decline: To forgive or not to forgive? Read the full story http://on.car.org/Re1io4
For renters, buying a home pays off after three years on average
Los Angeles Times For renters, buying a home pays off after three years on average A new analysis by real estate website Zillow shows that, on average, a renter thinking about buying a home will reach what it calls the “break-even horizon,” after just three years. The break-even horizon compares what it would cost to
