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Author Archives: Mark Trafton

Nationally: Home Prices Up 7% From Last Year

According to CoreLogic’s latest Home Price Index, national home prices have appreciated by 7.0% from October 2016 to October 2017. This marks the second month in a row with a 7.0% year-over-year increase. A lack of supply of homes for … Continue reading

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Low Interest Rates Have a High Impact on Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a … Continue reading

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Thinking About Buying? Know Your Credit Score!

Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information … Continue reading

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The Difference an Hour Makes in Real Estate

Every Hour in the US Housing Market: 624 Homes Sell 347 Homes Regain Positive Equity Median Home Values Go Up $1.13  

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The Mortgage Process: What You Need to Know

Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who … Continue reading

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Should You Buy a Home Now, Or Wait Until Next Year?

Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to … Continue reading

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Easy Tips for Keeping Your Home Clean and DeCluttered

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4 Reasons to Buy This Fall

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same … Continue reading

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14,904 Homes Sold Yesterday……Did Yours?

There are some homeowners who are patiently waiting to get the price they hoped for when they originally listed their houses for sale. Something these homeowners might want to take into consideration is the fact that if their homes haven’t sold … Continue reading

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How Supply and Demand Impacts Home Values

Some Highlights: The concept of supply & demand is a simple one. The best time to sell something is when the supply of that item is low & the demand for that item is high! Anything under a 6-month supply … Continue reading

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