Nancy’s Column

The Truth About Housing Affordability

From a purely economic perspective, this is one of the best times in American history to buy a home. Black Night Financial Servicesdiscusses this in their most recent Monthly Mortgage Monitor. Here are two of the report’s revelations: 1. The average U.S. home value increased by $13,500 from last year, but low interest rates have […]

Buying is Now 37.7% Cheaper Than Renting in the US

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 17.4% less expensive in Honolulu (HI), all the […]

The Cost of Renting Vs. Buying

Some Highlights: • Historically, the choice between renting or buying a home has been a close decision. • Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes obvious. • Every market is different. Before you […]

4 Reasons To Buy This Fall

It’s that time of year; the seasons are changing and with then come thoughts of the upcoming holidays, family get-togethers, and planning for a new year. Those who are on the fence about whether or not now is the right time to buy don’t have to look much further to find four great reasons to […]

Mortgage Standards Easing TOO MUCH? NO!!

There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis. Let’s put everything into the proper perspective. Mortgage Credit Availability Over […]

Home Values: DEFINITELY NOT in Bubble Range!!

There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to today. The graph definitely looks like […]

This Time “Mr. Wonderful” is just WRONG!!

Recently, on CNBC’s Closing Bell, Shark Tank investor Kevin O’Leary, also known as “Mr. Wonderful,” said Millennials “don’t give a poo-poo about owning a house.” This thinking couldn’t be further from the truth. Let’s give a few examples to make this point. In the recent National Housing Market Survey conducted by Fannie Mae, it was […]

The Top Reason to Put Your House Up For Sale Now!

If you are debating listing your house for sale this year, here is the #1 reason not to wait! Buyer Demand Continues to Outpace the Supply of Homes For Sale. The National Association of REALTORS’ (NAR) Chief Economist, Lawrence Yun recently commented on the inventory shortage. “With demand holding firm and homes selling even faster […]

4 Reasons to Buy This Summer!

Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have […]

74% of Households in the US Now Have Significant Equity!

CoreLogic’s latest Equity Report revealed that 92% of all mortgaged properties are now in a positive equity situation, while 74% now actually have significant equity (defined as more than 20%)! The report also revealed that 268,000 households regained equity in the first quarter of 2016 and are no longer under water. Price Appreciation = Good […]