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.
Jill Schlesinger is the Emmy-nominated business analyst for CBS News. Jill appears on CBS radio and television stations nationwide and is the host of the nationally syndicated radio show, JILL ON MONEY.
Danai Mattison is a REALTOR® from The Mattison Group at Long & Foster Real Estate in Bethesda, Maryland. Danai is also a REALTOR® Magazine 30-Under-30 Honoree.
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 twenty-five years and written about topics ranging from the FED’s latest actions to evaluating the current offerings of a local lender.
Bob Walters is the Chief Economist and Vice President of the Capital Markets for Quicken Loans. You’ve probably heard Bob quoted on mortgage issues in USA Today, the Wall Street Journal, CNN and others – and Quicken Loans has grown to become one of the top mortgage providers in the country today.
As you may know, things have been changing fast. And one of those things – is the down payment. So let’s start off with a question: if you wanted to buy a house, how much of a down payment would you need? 20%? 10%? 3.5%? Well, fact is, all of those numbers are correct…depending on who you are, and what your needs are. So let’s talk down payments. You know what I mean – skin in the game. Cold, hard cash.
There’s a misconception among many first-time homebuyers out there that you have to make a down payment of at least 20% in order to buy a home. First off…that’s not true. AND you may be surprised at the number and variety of loan programs that allow you to buy a home with a very low down payment or even no down payment at all.
Continue reading “The Down Payment Ladder” »
You’ve all seen Elisabeth Leamy on Good Morning, America, World News and Nightline on ABC and now the DOCTOR OZ show… and she’s also the author of several books about personal finance.
Mabel Guzman is a REALTOR® and Broker from @Properties in Chicago. Mabel is a Past President of the Chicago Association of REALTORS® and their 2012 REALTOR® of the year. She’s also an active member in the Women’s Council 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.
Frank Donnelly is the Vice President and Regional Manager of RBS Citizens Financial Group / Charter One Mortgage and the past Chairman of the Board of the Mortgage Bankers Association of Metropolitan Washington.
Are you ready for a quiz? Just one question. OK? Here we go:
What do the majority of people across America say – is the biggest single obstacle to buying a house?
Finding the right place? Nope. Bad credit? No again. Mortgage rates? Definitely not – since they’re so low.
No, and so here’s the answer: the biggest single obstacle to buying a house is? Coming up with the down payment. Yep. Coming up with tens of thousands of dollars – it’s hard! And some people figure they’ll never be able to save up that much.
Continue reading “Coming Up with the Cash” »
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Continue reading “Top News Of The Week” »
It’s time to continue our look at the latest facts and figures from across the country as we look at the most recent existing home sales report from the NATIONAL ASSOCIATION OF REALTORS®.
This week we’re going to dig further into the existing home sales numbers, looking at the condo and co-op market in December.
But first let’s recap what we saw in overall existing home sales for December. After a drop in home sales in November, we saw existing home sales bounce back on a month to month basis.
Continue reading “Local Market Conditions” »