GOOD NEWS: Fannie and Freddie May Soon Ease Mortgage Credit

In a move that will surely be appealing to new homeowners, new FHFA head Mel Watt announced that mortgage giants Fannie Mae and Freddie Mac may soon ease the standards to getting a mortgage loan. Now, new borrowers can miss up to two payments throughout the first three years after taking out a mortgage, and


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MARKET UPDATE: Distressed Homeowners Slowly Coming Back

After nearly 6 years of depreciation, home prices are rising enough to bring nearly 2 million homeowners back from being severely underwater according to a report by CNN. At this point, 17% of homeowners are considered severely underwater and in danger of losing their home, down significantly from 26% just a year ago. There is

AT&T Expanding Gigabit Internet Service

Great news for homeowners with families who need all the Internet bandwidth they can get! AT&T has announced that they will be expanding their Gigabit service to over 21 cities including Los Angeles, San Francisco, and Oakland! What does this mean for you? Gigabit service speeds up your Internet connection to the fastest speeds possible.

Renting a Home Becoming Less Affordable

A new report from the New York Times suggests that renting a home is becoming less affordable in major cities, namely Los Angeles, Miami, and San Diego. Affordable rent is typically defined as being less than 30% of a household’s median income. The spike in costs is being attributed to high demand and a tightening


Top 5 Low-Cost Upgrades to Boost Your Home Value

According to a recent survey conducted by Zillow, these are the top 5 upgrades that can give you a better price on your home, at a fraction of the cost of a complete remodel: Curb appeal – A well-watered and maintained lawn, coupled with a clean driveway and nice walkway to your home are not


Mortgage Forgiveness Debt Relief Act Clears Important Hurdle

The National Association of Realtors (NAR) announced today that the United States Senate Finance Committee (USSFC) agreed to a new bill that, if passed by the House of Representatives, and U.S. Senate, would extend key provisions from the Mortgage Forgiveness Debt Relief Act: Among the real estate provisions included in the “extenders” package are tax


Selling Your Home: Marketing Photos

One question that is constantly asked by sellers is “How big of an impact do the photos have on selling my home?” The answer is more than you think. The property photos are the first real look at a home the buyer has. It is essentially, their first impression. A buyer can determine whether they


Mortgage Rates Finish the Week at 4.4%

According to Freddie Mac, 30-year mortgage rates ticked up to 4.4% a slight rise from the 4.32% last week. For perspective, the rate on a 30-year fixed mortgage at this time last year was 3.57%. Mortgage rates are still historically low, however you can expect to see them move slightly up and down over the

Selling Your Home: Staging

Selling your home can be quite a grueling process. At times you will feel as though you aren’t getting as many offers as you had hoped for. Other days will feel overwhelmed with showings, and won’t know what to do. The best advice you can get is to simply control what you can control. This