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Monthly Archives: August 2014
High Income Earners Are In These 8 Cities
California tech hubs continue to rank at the top among high income earner areas of the country, but other states are also seeing wages rise. Forbes.com analyzed cities that have the largest share of their populations with household incomes over … Continue reading
First Time Buyers Being Shut Out Of Market
For sale inventories may be at nearly a two-year high, but first time home buyers are still finding themselves shut out of the housing market, being outbid and still not finding enough choices in their price range, Reuters reports. A … Continue reading
Posted in Real Estate
Tagged first time buyers, flatfee.com, home buyers, mls list your home, starter home
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Good Rental Payment History Helps Boost Credit Scores
Experian became the first credit reporting agency to add on-time rental payments to its database. It recently conducted an analysis to determine how the added rental information has aided consumers’ credit files. The addition of rental payment data to credit … Continue reading
New FICO Scoring Will Help New Home Buyers
FICO, the nation’s most popular credit-scoring system, announced it is tweaking some of the criteria used in coming up with consumers’ scores, which could help consumers save more money in qualifying for mortgages and other types of loans. The changes … Continue reading
Posted in Real Estate
Tagged credit bureaus, fico, fico scores, flatfee.com, unpaid debts
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4 Ways Home Buyers Will Get Their Offer Accepted.
There are four rules home buyers should follow if they want sellers to accept their offer. Be nice: While money is important, home buyers should also be likable and avoid making negative comments about the house or discussing their renovation … Continue reading
16.5 Million in the Burbs Living in Poverty
Many people consider the suburbs to be a haven for the middle-class. But a new report by the Brookings Institution paints a different picture: 16.5 million Americans residing in the nation’s suburbs are living beneath the poverty line. “Poverty has … Continue reading
Rising Mortgage Closing Costs Pinch Buyers Wallets
Rising home prices aren’t the only thing that may give buyers sticker shock: Mortgage closing costs have soared nearly 6 percent over the past year, according to Bankrate.com The average closing cost on a $200,000 mortgage reached $2,539 nationwide in … Continue reading
The Slowdown in the Housing Market is good for Buyers
The growing signs of a slowdown in the housing market might be good news for home buyers. Slowing home prices—after the double-digit increases last year—mixed with still-low interest rates are making homes more affordable. Also, the supply of homes for … Continue reading
Posted in Real Estate
Tagged First Time Home Buyers, flatfee.com, housing market, income growth, mls list your home
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Mortgage Rates Still Lower
Mortgage rates have remained mostly steady in recent weeks, keeping borrowing costs near 2014 lows, Freddie Mac reports in its weekly mortgage market survey. Freddie Mac reports the following national averages for mortgage rates for the week ending July 31: … Continue reading
Posted in Real Estate
Tagged 1 year arm, 15 year fixed, 30 year fixed rate, flatfee.com, mls list your home, mortgage rates
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