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NEW CASTLE MARKET WATCH FOR AUGUST 2016
New Castle County DE listings increased 1.79% in August 2016 with 196 less homes. The average sales price climbed 6.51% to $257,725, while market times dropped by 3 days.
Moving into your dream home is one of the most wonderful and exciting feelings in the world. However, there are a few moving mistakes that you should try to avoid at all costs if you can. A few of these mistakes are listed below. Be sure to do whatever you can do to avoid making these moving mistakes.
Hopefully this list of moving issues you should try to avoid will be helpful to you in your next move. Do your part to make the move an easy one by realizing what things you should avoid.
Courtesy of New Castle County DE Realtors Tucker Robbins and Carol Arnott Robbins.
If you are currently in the market for a new home it is likely that if you haven’t already you will eventually hear the term HOA. What does HOA stand for you may ask? HOA stands for Home Owners Association. Many neighborhoods have a Home Owners Association these days but not all neighborhoods do. Let’s take a closer look at what an HOA is all about and what exactly the fees associated with an HOA actually cover.
As long as you go into an HOA well informed you shouldn’t have any issues arise as a result of buying a home in an HOA community and you will be more able to enjoy all that an HOA has to offer!
Courtesy of New Castle DE Realtors Tucker Robbins and Carol Arnott Robbins.
There are many reasons why you might have to leave a home that you have lived in for several years. You may have had to leave do to not being able to pay the mortgage because it was too high for you or you may have outgrown your home as your family has become larger over the years. Still another reason you may have to say goodbye to your home is due to a job change that takes you from your home and places you into another area or even another state. Below are a few ways in which you can say farewell to the place you have come to know and love as your home.
Homes are not just walls and plaster, they are where we raise our families, where we love and are loved. Leaving a home is never easy but hopefully these ideas about how to bid farewell to your home will make it a bit easier for you.
Courtesy of New Castle DE Realtors Tucker Robbins and Carol Arnott Robbins.
Decisions made by the next President and Congress could change the way Americans buy and sell homes for generations to come. Rising prices are making it more difficult for working families and young adults to become homeowners. Government control over the vast majority of mortgages through Freddie Mac and Fannie Mae unnecessarily exposes taxpayers to risk and continue to stifle the innovation of new lending products that responsible borrowers need and want.
More business as usual?
Depending on who is elected this year’s presidential election could either deliver a mandate for Washington to act on far-reaching reforms integral to our system of housing finance or bring more business as usual.
Here are the priorities Americans want the next President and Congress to address, according to a new research conducted for loanDepot, the nation’s second largest nonbank consumer lender:
* Make homeownership more affordable for middle- and lower-income families (37 percent).
* Keep interest rates low, especially during the first 100 days of the new presidency (34 percent).
* Make more credit available to small businesses (11 percent).
Few see the election improving their pocketbooks
Most Americans expect their personal financial situation to either stay the same or get worse when new leaders take over the White House and Congress. Only 6 percent think that they will be better off as a result of the election.
Each vote counts
One out of every five Americans said the candidates’ housing and finance policies will influence their vote. Another 40 percent have not yet made up their minds. That is because only 9 percent think the candidates have done a good job articulating their positions on the economic issues that affect peoples’ daily lives.
Perception doesn’t match reality
Some 77 percent think it is just as hard or even harder to get a loan today than during the Great Recession eight years ago. Young adults may be more discouraged than most; they worry about not making enough money and nearly half (46 percent) fear the election outcome will make it even harder to get a loan.
In fact, while guidelines have tightened since 2008, applications for purchase mortgages were more likely to be denied in 2008 than in 2014, the most recent year for which Federal Reserve data is available. Denial rates for home purchase loan applications hit 18 percent in 2008, while denials in 2014 topped out at 13 percent. Denial rates for home refinance applications in 2008 were 38 percent and dropped to 31 percent in 2014.
Find out if you qualify for a home loan
Getting into the home of your dreams may be easier than you think. All you have to do is get pre-qualified by the local lender of your choice. Don’t know a lender? Contact us and we’ll be glad to recommend someone.
Courtesy of Wilmington DE Realtors Tucker Robbins and Carol Arnott Robbins.
Displaying blog entries 1-5 of 5
