Oct 25

How to Use Comparable Sales to Price Your Home

By: Carl Vogel Before you put your home up for sale, use the right comparable sales to find the perfect price. How much can you sell your home for Probably about as much as the neighbors got, as long as the neighbors sold their house in recent memory and their home was just like your …

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Oct 24

What s the Score

Your credit score or FICO score (for Fair, Isaac and Company, which created the system) is a number that indicates the health of your credit. The higher the score, the healthier your credit and the more likely a lender is to approve a loan with good terms. Scores can range from 300 to over 900, …

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Oct 24

5 Tips for Buying a Foreclosure

By: G. M. Filisko Get prequalified for a loan and set aside funds, and you’ll be ready to purchase a foreclosed home. When lenders take over a home through foreclosure, they want to sell it as quickly as possible. Since lenders aren’t in the real estate business, they turn to real estate brokers for help …

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Oct 23

Neighborhood Stabilization Program 2

The Neighborhood Stabilization Program2 (NSP2) was established to stabilize neighborhoods whose viability has been and continues to be damaged by the economic effects of properties that have been foreclosed upon and abandoned. NSP2, a term that references the NSP funds authorized by Title XII of Division A of the American Recovery and Reinvestment Act of 2009, …

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Oct 23

Americans Recover Home Equity at Record Pace

Source: Bloomberg Low inventory may ease as more owners are able to sell, as the number of Americans who owe more on their mortgages than their homes are worth fell at the fastest pace on record in the third quarter with prices increasing. Owners are finding it easier to list properties and buy a new …

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Oct 22

Down Payments Continue to Decline in Third Quarter 2013

Source: DSNews.com Lenders appear to have more confidence to lend with less cash down from qualified borrowers, as down payment percentages for 30-year, fixed rate purchase mortgages continue to decline. A new report reveals that the average down payment has dropped 2.74 percent since Q2 2013, according to a study released by LendingTree. As home …

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Oct 22

Urban Real-Estate Prices Are Booming, but Most People Live in Suburbs

During the past year, urban real estate prices have increased faster than suburban prices, leading some to speculate there has been a Renaissance in city living. However, the suburbs continue to outpace cities in population growth in light of the fact that there is more room to build and grow in the suburbs than a …

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Oct 21

Mortgage Lenders Ease Rules for Home Buyers in Hunt for Business

As a sign of mortgage lenders’ rising confidence in the housing market, restrictive lending standards are beginning to ease, and the credit freeze is starting to thaw. Lenders have started to accept lower credit scores and to reduce down-payment requirements. Making sense of the story Lenders recognize that refinancing old mortgages will no longer be …

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Oct 21

Why Home Price Gains Aren’t Lifting the Economy

Analysis of whether housing has lived up to its true potential as a catalyst for a stronger recovery has led experts to argue that while housing stopped being a drag on the economy a few years ago, it has failed to propel strong economic growth. Professors Atif Mian of Princeton University and Amir Sufi of …

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Oct 20

Homeownership rate slips to 19-year low while rental market tightens

According to the Census Bureau, 64.8 percent of homes in the U.S. are owner-occupied, the lowest share since the second quarter of 1995, as more households rented and home sales remained low in the first quarter. Homeownership rates topped 69 percent at various times in 2004 and 2005 before the foreclosure crisis and housing crash. …

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Daniel Andrade, REALTOR® DRE #: 01849983
Century 21 My Real Estate Co
7825 Florence Avenue, Downey , CA 90240
call today 323-215-9836
daniel@mynewhouses.com

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