New survey from NAR looks into the the homebuying habits of active-duty servicemembers and veterans
by Patrick Kearns | May 25

The process of getting a property ready to put on the market can seem daunting enough. There’s clearing the clutter, endless amounts of cleaning, organizing and scrutinizing your property with a fine-tooth comb. What needs attention and what can you leave alone?

by Cara Ameer | Jul 18

One of the most persistent myths still making its rounds is that you need 20 percent down to get a mortgage. In fact, you have not needed 20 percent down since FHA went into business in 1934. In recent years, as lender scramble for millennial borrowers, low down payment programs have proliferated like rabbits, from thousands of state and local assistance program to conventional offerings from Wells Fargo, Bank of America and Fannie Mae, among others.

by Steve Cook | Jul 11

First-time homebuyers look to agents to fill in knowledge gaps. Although you’ll likely be sending buyers to a lender, it’s good to understand and be able to explain the terms. Especially if they tell you a number or hand you a credit report and think they’re set. Chances are, most don’t know that consumer credit scores are not a measure of true homebuying power.

by Chris Rediger | Jun 22

Today’s millennial buyers are having more trouble assembling the cash for down payments than their older siblings and parents because they have higher levels of student loan debt and lower levels of wealth and personal income than their two immediate predecessor generations (Gen Xers and boomers) had at the same stage of their life cycles.

by Steve Cook | Feb 29

Despite years of recovery and stabilization, as well as increased demand for housing purchase loans, mortgage credit remains tight today. In fact, according to the Mortgage Bankers Association, mortgage credit availability decreased 2.4 percent this past December, after a 0.8 percent decline in November.

by Ray Brousseau | Feb 24

Mortgage Credit Certificates (MCCs) are an attractive option for homebuyers hoping to qualify for a loan in states that run the program. As the program’s tax credits can be used as qualifying income, lenders will underwrite to a higher purchase price than they would otherwise.

by Adam Stephens | Dec 10

Welcome to “Letters from,” a column that examines the intimate thoughts of members of the real estate industry. This week’s subject is Tristan Wright.

by Cheryl Spangler | Dec 8

Welcome to “Letters from,” my new column that examines the intimate thoughts of members of the real estate industry. We will explore why they got into the business, what they wish they would have known when they started, their challenges, who their mentors are and why — and, lastly, the knowledge they can pass on from their former mistakes.

by Cheryl Spangler | Nov 24

Welcome to “Letters from,” my new column that examines the intimate thoughts of members of the real estate industry. We will explore why they got into the business, what they wish they would have known when they started, their challenges, who their mentors are and why — and, lastly, the knowledge they can pass on from their former mistakes.

by Cheryl Spangler | Nov 10

When it comes to the Federal Reserve and interest-rate hikes, it has become a question of will they or won’t they. All eyes are on the policy makers as they continue to hedge whether interest rates will increase this year. Just this past month, the Fed delayed increasing rates yet again — good news for the real estate market, but concerns still linger. An interest-rate increase is seemingly inevitable, but what could a rate hike mean for the housing industry?

by Ray Brousseau | Nov 5

When a first-time homebuyer purchases a credit score on the recommendation of a reputable financial institution, he or she will be under the pretense that it’s the same score that will be used when a lender underwrites their loan. Furthermore, advising a first-time homebuyer to visit www.annualcreditreport.com is great advice; however, is somehow misleading. There is an alternative. Let me explain.

by Nabil Captan | Oct 9

Mortgages are also subject to this rule. You might be familiar with homeowners insurance for those funded by a conventional loan, but what are the differences with federal home loans?

by Amanda Rosenblatt | Sep 11

Due to community living and maintenance, plus the promise of homeownership and equity, condos are more popular than ever. This is especially so because federal home loans can be used to obtain them.

by Amanda Rosenblatt | Sep 2

There are many who defaulted on their mortgages because of a job loss or personal disaster, who otherwise would have paid responsibly. These defaulted mortgages resulted in short sales or foreclosures. These defaults were the product of decisions made by homeowners in distress — they aren’t representative of the homeowners’ character.

by Nabil Captan | Jul 30