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Millennials

Advice For First-Time Millennial Buyers this Spring

March 23, 2017  |  by Ellen

We could be on the cusp of many more millennials buying a home this spring than any year before. But before they start on the path to homeownership there are a few things they should know. Jon Coile has collected a few suggestions in this Washington Post column on subjects such as dispelling the myth that you need 20% down and... Continue Reading

Lucky Charms

Tales of Real Estate Luck From Our Subscribers

March 17, 2017  |  by Ellen

Happy St. Patrick’s Day! We have gathered some of the stories that were submitted when we put the call out for tales of luck from the real estate world. If you have your own lucky story to add to the collection, please write it in the comments. “The luckiest thing that has happened to me was a word-of-mouth chain that... Continue Reading

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FHA Refinancing to Conventional Loans Expected to Increase

March 16, 2017  |  by Ellen

Thank goodness for rising equity. That’s what many FHA borrowers are saying these days. Roughly twenty percent of mortgages are FHA loans (as of Sept 2016) and last year approximately eight percent of refinances were from FHA to conventional loans, or about 20,000 per month. Given the increase in home prices and the proportion of existing FHA loans, CoreLogic estimates 250,000 homeowners... Continue Reading

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NAR Releases Housing Affordability Measurement Based On Varying Income Levels

March 14, 2017  |  by Ellen

With all the rising home prices for our area it can be hard to know which income bracket suffers the highest burden when it comes to the cost of housing. But NAR has come up with a way to measure how affordable homes are for varying levels of income instead of just the median income (which is the usual number... Continue Reading

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Advice For Buyers Thinking Of Buying This Spring

March 8, 2017  |  by Ellen

This spring is likely to be a competitive one for real estate since inventory is still low but demand has stayed strong. In today’s Washington Post Bright MLS board member Jon Coile explores the different things buyers need to do to to prepare for the tight market, including how to use a real estate agent to maximize their chances. Please... Continue Reading

Scams in the WWW

Scammers Target Florida Agents, Threaten To Suspend Licenses

March 7, 2017  |  by Ellen

Yesterday, a group called Florida Realtors sent out a warning that an imitation group group calling themselves the Florida Board Of Realtors is sending out fake letters and emails telling agents they were in danger of having their licenses suspended. The website that the scammers created looks legitimate when someone first visits it, but many of the links go to dead ends.... Continue Reading

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Down Payment Assistance Resources To Share With Your Clients

March 6, 2017  |  by Ellen

The growth of down payment assistance programs has skyrocketed in the past few years so much that it can be hard to keep up. Inman Select has shared an online resource called Down Payment Resource that collects information on programs all around the country, including programs that aren’t limited just to help with down payments (such as tax credit eligibility). According... Continue Reading

Lucky Charms

What Is Your Luckiest Real Estate Story?

March 2, 2017  |  by Ellen

With St. Patrick’s Day a few weeks away we wanted to ask our readers if they have any tales of luck during their real estate career that are worth sharing. Have you ever been in line at the grocery store and heard the people ahead of you discussing how to find a real estate agent, and you struck up a... Continue Reading

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Instant Updates Now Available From Homesnap’s News Feed

February 23, 2017  |  by Ellen

Homesnap Real Estate News Feed from Homesnap on Vimeo. There’s a major overhaul in the news feed inside your Homesnap app. Now your feed gives you instant updates about properties that are important to you—such as price drops of homes that your buyers have favorited or the sale of a listing similar to yours. As you interact with the News... Continue Reading

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How Can The “Credit Invisible” Gain Entry In To Credit Scores?

February 22, 2017  |  by Ellen

There is a huge segment of the country’s population that doesn’t make it on to the radar of traditional credit scoring programs even though they have steady jobs and pay their bills on time. The Consumer Finance Protection Bureau has here.

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