Because mortgage interest rates are rising as are average selling prices, we have continuously encouraged first time buyers to stop renting and get into home ownership. It has proven over decades to be the best way to build wealth. But for many
A recent survey by Ellie Mae and reported in the LA Times confirms what we are experiencing in greater Lansing. What they discovered was: The the percentage of new loans with under 700 FICO scores is growing and FHA insured loans had
If you read or listen to the national media you would think that mortgage financing was very difficult to get and that an escalation in average selling prices, which affects overall affordability, has forced investors and first time buyers out of the
We've said this before but now it is happening. Demand is skyrocketing. Buyers are plentiful, mortgage money is readily available to the reasonably credit worthy, and the inventory of saleable listings, though improving, is still not close to meeting demand. This is technically
We think now is a great time to buy a home for first time and move up buyers alike. The financial benefits for owning a home are many and well documented but research tells us the most important reasons for buying are