Archives for January 2014

How Long Do I have to Wait to Get A Home Loan after a Short Sale?

I have a lot of friends and clients who were hit during the recession and downturn of the economy. I know a lot of them have now recovered from a foreclosure, bankruptcy or short sale and will want to buy soon! I was really excited when I got this chart from one of my favorite lenders. It's a quick easy way to see what kind of loan you can get and how long you need to wait! I know a lot of my friends are getting really close to these time frames! With the market recovering and home prices … [Read more...]

Mortgage Rate Trends and Home Price Trends

It is really interesting to see the difference one year can make on prices. There are many people who were underwater that now have equity. It is wonderful.         It is also interesting to watch what happens as interest rates change. Even though rates are higher than a year ago, they are still historically at a low - with predictions that they will go up in 2014.  Still a great time to borrow to … [Read more...]

Updates to Sell your Home

I thought this article was a great perspective on some of the updates that help sell a home. It is a fine line between updating and overspending. You always want to get the biggest bang for each dollar spent on remodels. And as always, I am happy to walk through your home to help you know what changes you need! … [Read more...]

Fannie Mae and Freddie Mac try to give Buyers a Leg Up

In 2013, 42 percent of homes purchased nationwide were cash buyers. This gets frustrating for owner occupants who need a loan to purchase the home. To help out with this, both Fannie Mae and Freddie Mac have a"First Look Initiative" where buyers who will live in the home have the first 20 days aft er a home is listed to make offers. During the 20 days, Fannie Mae and Freddie Mac will not even look at investor offers. This program isn't new, but Fannie and Freddie have increased the … [Read more...]

Forbes predicts Utah (SLC) is #14 for Growth in 2014.

Forbes just wrote an article naming the best places to invest in 2014. SLC was #14. They are predicting a 3 year growth forecast of 31 percent!  The average price of  a home in SLC is $237,279 with 4 bedrooms, 2 bathrooms and around 1500 square feet. The cities that are ranked higher include several in Texas, Atlanta, Las Vegas, Nashville, Boise and a few in Florida. Most of the states that are seeing the highest growth predictions are also the states that were hit the hardest with the fall - … [Read more...]