Freddie Mac recently released their Quarterly Refinance Statistics report which covers refinances through 2020. The report explains that the dollar amount of cash-out refinances was greater in 2020 than in
Category: Housing Market Updates
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What Credit Score Do You Need for a Mortgage?What Credit Score Do You Need for a Mortgage?
According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are
Americans See Major Home Equity Gains [INFOGRAPHIC]Americans See Major Home Equity Gains [INFOGRAPHIC]
Some Highlights Today’s home price appreciation is driving equity higher throughout the country. If your needs are changing and you’re ready for a new home, your equity may be a
To Renovate or Not To Renovate Before You SellTo Renovate or Not To Renovate Before You Sell
When thinking about selling, homeowners often feel they need to get their house ready with some remodeling to make it more appealing to buyers. However, with so many buyers competing
What Is the Strongest Tailwind to Today’s Recovering Economy?What Is the Strongest Tailwind to Today’s Recovering Economy?
Last year started off with a bang. Unemployment was under 4%, forecasters were giddy with their projections for the economy, and the residential housing market had the strongest January and
What Is the #1 Financial Benefit of Homeownership?What Is the #1 Financial Benefit of Homeownership?
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to
How to Make a Winning Offer on a HomeHow to Make a Winning Offer on a Home
Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result,
How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC]How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC]
Some Highlights With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and
Will the Housing Market Bloom This Spring?Will the Housing Market Bloom This Spring?
Spring is almost here, and many are wondering what it will bring for the housing market. Even though the pandemic continues on, it’s certain to be very different from the
6 Simple Graphs Proving This Is Nothing Like Last Time6 Simple Graphs Proving This Is Nothing Like Last Time
Last March, many involved in the residential housing industry feared the market would be crushed under the pressure of a once-in-a-lifetime pandemic. Instead, real estate had one of its best