At the end of 2009, 10% of mortgages had at least 1-payment past due and another 5% of mortgages were in the foreclosure process. At the end of the 3rd quarter of 2011 8% of mortgages had at [...]
I get a lot of questions about refinaincing homes. Many people will contemplate refinancing vs buying another home. With interest rates remaining near historic lows it is a great time to [...]
The other day, on the “Price of Business” on 1070 AM, Kevin Price, host, and I talked with Dr. Jim Gaines, Senior Economist at the Real Estate Research Center at Texas A&M [...]
The median sales price of new homes sold in the USA during October 2011 was $212,300, down 15% over the last 5 years. That is up +26% over the last 10 years according to the US Census Bureau.
Have you found your dream home? Chances are there are many other buyers competing for the very same house. Maybe it hasn’t been taken off the market because they are waiting to sell their [...]
Military Veteran’s loans (VA Loans) become more affordable in 2011. The upfront VA funding fee was reduced up to 60%, depending on the scenario. Veterans can still come to closing with no [...]
Yesterday, on the “Price of Business” on 1070 AM, Kevin Price, host, and I talked with Dr. Jim Gaines, Senior Economist at the Real Estate Research Center at Texas A&M [...]
Congress reinstated the FHA loan limits through 2013 at 125% of local area median home prices, up to a maximum of $729,750 in the highest cost markets. The floor will remain at $271,050. The [...]
Did you know that the average rate for a 30 year fixed mortgage over the past 30 years has been about 6.5%? Did you know that a borrower who earns $100K per year and has $1K in monthly debt can [...]
SMITHVILLE (Austin American-Statesman) – The crew of the popular television show “Extreme Makeover: Home Edition” is coming to Smithville to build a new home for a local [...]
