Monthly Archives: October 2018

    • Taking Fear Out of the Mortgage Process

      A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]
      Written by Denise Zervos
    • Are You Spending TOO Much on Rent?

      Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]
      Written by Denise Zervos
    • Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

      With home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]
      Written by Denise Zervos
    • Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]

      Some Highlights:

      Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:
      • 72% of buyers who purchased homes this year have put down less than 20%.
      • 4% of loan applications were approved last month.
      • The average credit score of approved loans was 727 in September.
      Written by Denise Zervos
    • Where are Home Values Headed over the Next Few Years?

      There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, […]
      Written by Denise Zervos
    • Still Think You Need 15-20% Down to Buy a Home? Think Again!

      According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]
      Written by Denise Zervos
    • Housing Is Still Affordable in the United States!

      Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]
      Written by Denise Zervos
    • Will Home Prices Continue to Increase?

      There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there […]
      Written by Denise Zervos
    • Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

      In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked two different reactions. Some are saying this […]
      Written by Denise Zervos