November 2013

Found 21 blog entries for November 2013.

livingroom__karammiri_450realtor.com - You’ve moved on up. You made apartment living a thing of the past. Or you found a way to trade that small, starter home for a larger model.

Finally, room to stretch! But also, more space to fill.

All those fabulous Pinterest finds and that living room of your dreams take time, and money, to assemble. Follow these tips to keep your sanity and your budget in line when sizing up:  Don’t Buy Until You’ve Bought, Live First, Buy Later, Budget, Budget, Budget, Invest in Basic Tools, Hit the Most-Used Rooms First, Keep Things Moving, Retain Those Small-Space Habits, and Retain Those Small-Space Habits.

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interest__max5128_450zillow.com - Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.14 percent, up from 4.06 percent at this same time last week.

The 30-year fixed mortgage rate spiked to 4.17 percent on Wednesday and hovered between 4.16 and 4.18 percent for the majority of the week before dropping to the current rate this morning.

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moneyhouse_oleg-doroshin_450Home prices will rise in 2014 but at a slower, more steady pace compared with historical trends.

The housing recovery has pushed up home prices nearly everywhere. In the past year, home prices rose in 225 of the 276 cities tracked by Clear Capital, a provider of real estate data and analysis. Prices nationwide increased  by 10.9 percent, pushing the median price for existing homes up by $30,000, to $215,000. For people who have waited to sell their home or refinance their mortgage, that's good news.

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Photo:  ©[Oleg Doroshin]/123RF.COM

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houseonmoney__voronin76_450zillow.com - For most Americans, buying a home is the most expensive purchase of their lifetime, and obtaining a mortgage can be particularly stressful.

Research and preparation won’t take all the worry out of applying for a home loan, but it will go a long way toward reducing your anxiety.

Here are key factors lenders may consider when reviewing your mortgage application.  

Credit report & score,  Credit cards & other debts,  Employment status,  Down payment,  Know what’s off-limits.

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Photo: ©[Oleg Doroshin]/123RF.COM

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housegreenkeys__anthonycz_450realtor.com - The U.S. housing market is in a completely different position than this time last year, with solid price increases, steady inventory and strong demand continuing well into the fall season, according to realtor.com’s National Housing Trend Report for October 2013.

Median U.S. home prices in October were relatively unaffected by the usual seasonal patterns, with a 7.57 percent increase year over year. National inventory is stabilizing after the dramatic declines seen earlier this year, although the nation still is experiencing significant supply shortages. Most notably, median age of inventory – a leading indicator of demand – is down 11.32 percent from last year, demonstrating resilience to seasonal changes and stabilized inventory.

To

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bank__olegdoroshin_450realtor.com - The world of mortgage lending has changed significantly since the housing bubble burst. Mortgage lenders have returned to traditional loan standards that require extensive documentation of income and assets for a loan approval.

Government regulatory agencies also continue to react to the housing crisis, with more adjustments to mortgage requirements set to go into effect in 2014:  Qualified Mortgage Rules, The 3 Percent Rule, Self-Employed Borrowers, Potential Lower Loan Limits.

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houseinfingers_lehui_450realestate.msn.com - Home sellers should get ready for their close-ups.

More real-estate agents are asking owners to take a starring role in short videos touting the best features of their home and neighborhood. These videos, designed to make a home stand out in Web searches, can move homes faster, because they draw more traffic for open houses and showings. Some agents believe they can help sellers fetch a slightly higher price for their home, even in a sluggish market.

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menhouse_sellingpix_450Home buyers unable to find a home earlier this year are taking to the market this winter despite the colder weather and limited inventory, according to realtor.com’s Winter Home Buyer Report.

More than 1,300 people looking to buy a home during the winter months told realtor.com that lingering conditions from the past home-buying season, including inventory challenges and all-cash offers, continue to set the tone for them as they enter the winter season.

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housekeys_voronin_450zillow.com - The housing market is improving every day, and as a result, homes nationwide spent far fewer days listed for sale on Zillow in September than a year ago — one month less, to be exact.

Homes sold in the U.S. in September spent a median of 86 days on Zillow, down 30 days from 116 days in September 2012.

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housekeys_voronin_450realestate.msn.com - Common sense tells you that when it comes to buying your dream home, offering a lot of money helps.

Knowledge that's not so common: Even in real estate, money isn't everything. Buyers with the biggest offers don't always prevail.

If you sweeten your offer with intangibles, your bid will stand out in neon lights, say three noted real-estate experts.

The success of this strategy hinges on thinking carefully about the needs of a seller.

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