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Homeowners Insurance

  Do Homeowners Insurance Costs Vary? The location of your home, its construction and condition all play a part in how much you pay for home insurance (and so do YOU).  Homeowners insurance costs vary widely among providers.  Insurance companies assess risk in different ways so it is important to compare homeowner insurance quotes to… [Read More]

Strong Demand for Housing

Single Family Housing in Demand

Over in the housing market, home builder sentiment remained strong in May as builders are being boosted by growing consumer demand for single-family homes. However, the increasing costs for lumber poses a concern for builders. The NAB Housing Market Index rose two points in May to 70. Tight housing inventory, employment gains and demographic tailwinds… [Read More]

Existing Home Sales Rise

Spring Home

The National Association of REALTORS® (NAR) reported on Monday that Existing Home Sales in March rose 1.1 percent from February to an annual rate of 5.60 million annualized units, above the 5.57 million expected. However, sales are down 1.2 percent from March 2017 due in part to continued low inventories and affordability issues. Total housing… [Read More]

Mortgage – Pre-Approval VS Pre-Qualification

Pre-Approval VS Pre-Qualification

Mortgage – Pre-Approval VS Pre-Qualification? Which is best for you in today’s housing market? Think about your goals. Read on! And, then YOU decide! A pre-approval letter is a statement from a lender that you would probably qualify for a specific mortgage amount based on the mortgage loan officer’s thorough review of your financial information:… [Read More]

Home Purchase Mortgage Loans on the Rise

Home Buyers Increase

CoreLogic reports that rising incomes and consumer confidence have increased the number of prospective home buyers. The increase in potential home buyers coupled with limited inventories of homes for sale on the market continue to drive prices higher. They also report that home prices nationwide, including distressed sales, rose 6.6% year over year in the… [Read More]

Existing Home Sales to Slow

Home for Sale

Pending home sales squeaked out a minor gain in November on a monthly and annualized basis, according to the National Association of REALTORS® (NAR). The Pending Home Sales Index, a forward-looking indicator based on contract signings, rose 0.2 percent to 109.5 in November from 109.3 in October. The index remains at its highest reading since… [Read More]