3 Charts That Shout, ‘List Your Home Today!’

3 Charts That Shout, ‘List Your Home Today!’

In school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise. SUPPLY The National Association of Realtors (NAR) recently reported that the inventory of homes for sale stands at a 3.8-month supply. This is considerably lower than the 6-month supply […]

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How Fast Can You Save for a Down Payment?

How Fast Can You Save for a Down Payment?

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state? Using data from the United […]

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Slaying Home Buying Myths [INFOGRAPHIC]

Slaying Home Buying Myths [INFOGRAPHIC]

Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall. Source: Simplifying the market

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Tax Return Depressing? Owning a Home Could Help

Tax Return Depressing? Owning a Home Could Help

Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home. According to the […]

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San Jose passes sweeping new renters protection ordinances, including ‘just cause’ eviction requirement and Ellis Act law – Silicon Valley Business Journal

San Jose passes sweeping new renters protection ordinances, including ‘just cause’ eviction requirement and Ellis Act law – Silicon Valley Business Journal

“Landlords could have evicted someone for reasons they aren’t allowed to under the veil of no-cause,” he said. “Now you can still evict somebody, but you can’t do so for no reason. You have to be able to describe what that reason is.”

Sourced through Scoop.it from: www.bizjournals.com

Seems reasonable.

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Measuring Your Ability to Achieve the American Dream

Measuring Your Ability to Achieve the American Dream

Forbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and […]

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US Housing Market Continues the Move into ‘Buy Territory’!

US Housing Market Continues the Move into ‘Buy Territory’!

According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is it better to […]

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Thinking of Selling? Now Is the Time to Act

Thinking of Selling? Now Is the Time to Act

If you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is […]

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San Jose landlords are ‘cashing in on renters,’ says report from nonprofits Working Partnerships USA and Silicon Valley Rising – Silicon Valley Business Journal

San Jose landlords are ‘cashing in on renters,’ says report from nonprofits Working Partnerships USA and Silicon Valley Rising – Silicon Valley Business Journal

“This is when a renter could be doing everything right,” Buchanan said. “They can be paying the rent on time, maintaining their housing, not disturbing their neighbors, and they can find themselves with an eviction notice pushing them onto the streets.”

More than 2,200 no-cause evictions have been reported in the city of San Jose since 2010, the report says.

Sourced through Scoop.it from: www.bizjournals.com

I believe in property rights but also believe in general fairness to all.  With 2,200 no-cause evictions, this problem needs to be addressed.

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Is Your First Home Within Your Grasp? [INFOGRAPHIC]

Is Your First Home Within Your Grasp? [INFOGRAPHIC]

Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now! Source: […]

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Home Mortgages: Rates Up, Requirements Easing

Home Mortgages: Rates Up, Requirements Easing

The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. The Mortgage Bankers Association (MBA) quantifies the […]

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Millennials Flock to Low Down Payment Programs

Millennials Flock to Low Down Payment Programs

A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings from […]

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Careful…Don’t Get Caught in the Rental Trap!

Careful…Don’t Get Caught in the Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of […]

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The Importance of Using a Professional to Sell Your Home

The Importance of Using a Professional to Sell Your Home

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the […]

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