Monthly Archives: August 2017
Put your money in – 20 facts about down payments and down payment assistance programs
In decades past, buying a home meant coming up with at least 20% of the purchase price. But these days, the average home buyer has a tough time putting anywhere near 20% down when they purchase a home. In fact, last year, the average down payment on a single family home purchase was only 14.8%. […]
Looking into the mortgage crystal ball with Fannie Mae’s Lender Survey
If we want to understand the factors that drive the mortgage market, there are plenty of sources for great information across the lending and real estate industry. However, one invaluable resource that is underutilized is Fannie Mae’s Mortgage Lender Sentiment Survey. Set up to mirror their National Housing Survey that polls consumer sentiment about mortgages […]
The Final Word on FSBOs – Statistics reveal if For Sale by Owner really works
If you’re looking to sell your home, you have two options. The first, and by far the most popular option, is to enlist the help of a real estate agent, or Realtor. While this is the most efficient and practical way to sell your home, it will also cost you about 6% of your proceeds […]
The benefits of a Facebook business (not personal!) page for Realtors
If you’re a real estate agent, you have some serious competition. In fact, there are an estimated 1,236,544 active real estate practitioners in the U.S. this year across 86,000 brokerage firms, with 183,789 licensed agents in California alone. Furthermore, at least 91% of those Realtors are using social media to advertise in some capacity. What […]