Home owners are increasingly optimistic about gaining equity in their homes this year, but they’re still conservative on how much they’ve truly gained. Forty-six percent of home owners with a mortgage say they believe they’ll see their equity increase in 2016, and the majority expect to see a gain by as much as 10 percent, […]
Mortgage Closing Times Lengthen Again
The time to close on a mortgage loan is once again increasing. The average time in January climbed to 50 total days, up four days since the “Know Before You Owe” mortgage disclosure rules took effect in October, shows a new report released by Ellie Mae. Over the past year, the average time to close […]
Spring Buying Is On!
The infamous groundhog – Pennsylvania’s Punxsutawney Phil – may not only have the power to predict how many more weeks are left to winter but also the ability to predict the start to housing’s busiest time of year. Phil didn’t see his shadow on Groundhog Day, which, if superstition holds true, means that winter will […]
Housing Still More Affordable Than Pre-Bubble Years
Home prices may have been on the rise the last few years, but homes are still more affordable now than they were in the pre-bubble years, according to the latest Mortgage Monitor Report released by Black Knight Financial Services. Households are using 21 percent of the national median income to pay a mortgage on a […]
Home Sellers Net Highest Profits In 8 Years
Rising home prices over the last few years are finally putting more money back into home sellers’ pockets. Home owners who sold during the third quarter saw an average price gain of $40,658 – or 17 percent – from the purchase price of their property – the highest average price increase for sellers since the […]
North Oakland, South Lapeer Counties, Real Estate Newsletter for November 2012
North Oakland, south Lapeer Counties, real estate newsletter for November 2012. This eNewsletter is specially designed for you, with national and local housing information that you may find useful whether you’re in the market for a home, thinking about selling your home, or just interested in homeowner issues in general. Please click on this link […]