When applying for a loan, lenders often scrutinize your financial health through various metrics, with the debt to income ratio (DTI) being a critical factor. This ratio, calculated by dividing your monthly debt payments by your gross monthly income, is a key indicator of your ability to manage monthly payments and repay borrowed funds. Lenders typically require a debt to income ratio of at least 50%....
In today’s competitive real estate market, homeowners are constantly searching for ways to enhance their property’s appeal and value without breaking the bank. Luckily, there are several affordable upgrades to increase home values. Here are some cost-effective ideas to help you boost your home's marketability and overall worth. 1. Fresh Paint A fresh coat of paint is one of the simplest and most...
Elections are a pivotal time in any country, and their impact extends beyond politics, influencing various aspects of the economy, including the housing market. A recent study by the National Association of Realtors (NAR), highlighted by Keeping Current Matters, sheds light on how elections have historically affected home sales, prices, and mortgage rates. Historical Trends and Patterns According to the...
Selling your house is a significant decision that requires careful planning and preparation. Whether you’re looking to upgrade, downsize, or relocate, taking the right steps to take before selling your house can help you sell your home quickly and at the best possible price. Here are the ten steps to take before selling your house: 1. Declutter and Depersonalize Potential buyers need to envision...
In June, the monthly inflation rate decreased for the first time in over four years, bolstering the argument for the Federal Reserve to lower interest rates later this year. The consumer price index (CPI), a comprehensive measure of U.S. goods and services costs, dropped 0.1% from May, reducing the 12-month rate to 3%, its lowest level in over three years, according to the Labor Department. The all-items...
Welcome to 100 Quiet Circle, a gem nestled in the heart of the beloved Quiet Place in the Country community in Port Orange, Florida. This lakeside pool home offers a blend of country tranquility and convenient proximity to town and beach life, making it a perfect retreat for those seeking the best of both worlds. One of the unique aspects of this property is its sentimental value to me personally, as it...
Understanding the National Association of Realtors' (NAR) Settlement: What Homebuyers and Sellers Need to Know For months, homebuyers and sellers have been seeking clarity from Realtors about the National Association of Realtors’ (NAR) settlement concerning broker commissions. Initially expected by late July, the changes are now set for August 17, coinciding with the class notice date as stipulated by...
Finding the right place to start or advance your career as a real estate agent can be challenging. Not all real estate agent jobs offer the same opportunities or pay. Based on our research, we've identified the best and worst states for real estate agents in 2024, along with some top companies currently hiring. Top State for Real Estate...
As we move through 2024, homeowners and buyers alike are increasingly seeking modern, practical, and stylish features that elevate their living spaces. Here are some of the top-requested home features that are making waves this year: Kitchen Upgrades The kitchen remains the heart of the home, and today's homeowners want it to be both functional and beautiful. Granite and quartz countertops top the...
Exciting news for homebuyers and homeowners alike! Mortgage rates have finally dropped into the 6's for the first time since March 11th. This significant change is a welcome relief for many who have been waiting for a more favorable time to purchase or refinance their homes. The drop in mortgage rates brings renewed hope and opportunity to the real estate market, making it a perfect time to explore your...