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Open Houses Still a useful market tool?

No one knows what the next days or weeks might bring. We all pray this will be over sooner than later with a return to normalcy.  In response to the unprecedented Coronavirus outbreak, what best practices for Open Houses are real estate companies and Realtors recommending? All our health, safety and security is the utmost […]

What The Fed’s Emergency Rate Cut Means For Mortgage Rates

What The Fed’s Emergency Rate Cut Means For Mortgage Rates Mar 15 2020, 5:45PM There are a lot of words here.  If you have a mortgage you might ever refinance (and especially if you think Sunday’s emergency Fed news means you can now get a lower rate), read every last one of them. Background: Fed’s Emergency […]

More affordable to own than rent

It’s more affordable to own than rent almost anywhere in the US Homesnap found that American homeowners will spend an average of 25.1% of their monthly income on their housing while renters will spend 37.9% BY VERONIKA BONDARENKO March 10, 2020 Despite high home prices, putting off a purchase to wait for a better deal may not be the […]

Rent-To-Own

Divvy Homes, is out to change the rent-to-own space so more renters can become homeowners. Divvy says it’s like a lease, but unlike a typical lease, it’s designed to help you inch your way to homeownership with every lease payment you make. That way you’re not “throwing away money on rent,” the common argument people […]

INCENTIVE FOR RENTERS TO BECOME BUYERS

With the help of a federal grant, Brooklyn Center launched a program that would provide first-time homebuyers who live in the city with a deferred loan of between $5,000 and $7,500, provided that they buy a home in Brooklyn Center. The borrower would have to use at least $1,000 toward the purchase price. As an […]

Home prices Soaring, time for a bust?

Are we headed for another housing crash like we had last decade? Whenever price appreciation begins to accelerate, the fear of the last housing boom and bust creeps into the minds of the American population. The pain felt during the last housing crash scarred us deeply, and understandably so. The crash led us into the […]