Real Estate Today opens doors for buyers and sellers with critical and credible information on the real estate market. It’s fast paced and fact packed with experts, interviews, call-ins, field reports, and timely market conditions.
Danielle Douglass is a Financial Reporter for The Washington Post.
Michele Lerner is an award-winning freelance writer and author who has been writing about real estate, personal finance and business topics for more than two decades. She’s the author of the book Homebuying: Tough Times, First Time, Any Time, and you may have seen her work in the Washington Post, or online at Bankrate.com, Fox Business, or REALTOR®.com. Michelle is also a contributing editor here at Real Estate Today.
Danielle Hale is the Director of Housing Statistics for THE NATIONAL ASSOCIATION OF REALTORS® and she’s been our guest many times before.
Buying a home can be one of the most exciting times in our lives. But when asked, most Americans say one of the biggest hurdles they face in the pursuit of the American Dream of Home Ownership is saving up for a down payment. According to the most recent data from THE NATIONAL ASSOCIATION OF REALTORS®, the median existing home price in the United States today is over $200,000. Think about it. That means for a typical homebuyer putting 20% down, you need to save up more than $40,000.
But there are lots of homeowners who obtain mortgages with less than TWENTY percent down thanks to Mortgage Insurance. Also known as Private Mortage Insurance, or even Lenders Mortgage insurance. But whatever name you use – one thing is clear: mortgage insurance has helped millions of homeowners achieve their dreams. So, how can you put it to work for you?
Well, let’s start with the big ideas, what mortgage insurance is, who it protects, and who pays for it.
Mortgage Insurance is a policy that protects the lender should you default on your mortgage payments. And even though it protects the lender, it’s you – the borrower – who has to pay the bill.
Continue reading “What’s Up with P-M-I?” »
Keith Gumbinger is Vice President of HSH.com, the nation’s largest publisher of mortgage and consumer loan information. He’s been in the mortgage industry as an expert observer for over 25 years and written on just about every mortgage topic you can think of.
Brenda Brewster is a Broker at Century 21 Select Properties in Knoxville, Tennessee. Brenda’s the Regional Vice President of the Women’s Council of REALTORS® for the states of Kentucky, North Carolina, Tennessee, Virginia and West Virginia… and among her NAR credentials: she’s a Graduate of the REALTOR® Institute, and an Accredited Buyer’s Representative. Brenda’s been recognized as “REALTOR® of the Year” by the Great Smoky Mountains Association of REALTORS®.
HouseLogic.com is a free source of information and tools—from the NATIONAL ASSOCIATION OF REALTORS® — that can help you make smart and timely decisions about your home.
Mark Zandi is the Chief Economist for Moody’s Analytics. Moody’s is one of the world’s leading providers of economic data and research and Mark is directing and working with real estate research every day.
I’d like to ask you a question. Have you ever experienced – the one that got away? And, no, I’m not talking about fish stories. Rather, I’m talking about real estate opportunities.
Many of us have. The one opportunity that fell right into our lap…one that looked really good…but one that we decided NOT to take. An opportunity that now – years later, we literally KICK ourselves for passing up. Ever have one of those?
Well, I mention that – because one of those amazing opportunities is out there, right now. One that’s available to just about everybody. And maybe you, too. And I’m talking about – today’s historically low interest rates.
Remember all that doom and gloom about mortgage interest rates rising this year? There was a lot of buzz about it. What will the Federal Reserve do? What WON’T it do? It was enough to make the average homebuyer weak in the knees.
Continue reading “Top Mortgage Strategies” »
- Citicorp: $7B Mortgage Settlement
- Delicate Balance for Housing Recovery
- States Reach Home Value Highs
- Rents Rise…Again
- Fascinating Housing Market Flourishes
- Potential Home Sellers May Act
- Housing Benefits From Rent Demand
- The Mortgage Lender Pregnancy Problem
- The VA Home Loan Turns 70
- Housing Markets With Millionaires
Continue reading “Top News Of The Week” »
It’s time to take look at the latest real estate facts and figures from across the country.
This week we’re digging further into the most recent Existing Home Sales report from THE NATIONAL ASSOCIATION OF REALTORS®, concentrating on May sales of existing homes by price category.
May showed many drop offs when it came to sales in many price categories across the country. But for homes priced above $1,000,000, we saw some year over year growth. It was in the lower ranges of the market up to the $250,000 mark, where we saw the biggest drops. The declines began to level off for homes in the brackets between $250,000 and $1,000,000.
Continue reading “Local Market Conditions” »