Selling in Today’s Market? Use An Austin Home Stager!
When it comes to the housing market, Austin is faring better than most of the country. Nevertheless, with home sales sagging, you want your home to be the standout that makes the best first impression! That first impression can mean the difference between receiving serious offers or being subjected to months of potential buyers who walk away without neither an offer nor a good impression. How can you ensure your home will Read more
Renting to Own: Advantages for Sellers and Buyers in a Soft Housing Market
When the housing market is soft, sellers who can't move their home quickly off the market commonly lease their property to temporary tenants. And some sellers will consider leasing their home as a “rent to own” property. In this market, if you're a renter interested in buying a home but don't have the down payment substantial enough to do so, this can be an excellent option. So here, we'll explore what it means to “lease Read more
Virgin Money Entering U.S. Wholesale Mortgage Market
Virgin Money announced today that it’s entering the U.S. wholesale mortgage market, despite an ongoing exodus by nearly all other domestic players.
“As a consumer champion, Virgin Money offers greater options and a better deal,” said Sir Richard Branson, founder and chairman of the Virgin Group.
“At a time when others are exiting the mortgage space, leaving consumers with fewer financing Read more
U.S. Mortgage Market Rebounds
A very interesting article from Forbes.com yesterday outlined how the U.S. mortgage industry is showing signs of live and recovery as a result of some of the lowest mortgage rates on record.
Quicken Loans Chief Economist Bob Walters was quoted in the article saying the Fed rate cut and resulting lower interest rates is quite a “boon” for those who are able – translate: have enough equity in their homes – to refinance.
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Texas Housing Market Update
Nationally communities still reeling as foreclosure rates rise and as mortgage defaults and foreclosures continue to rise, the impact is spreading well beyond those who are losing their homes. Fortunately majority of Texas, especially the Austin & san Antonio markets, seem to not be feeling the sub-prime collapse as much as the rest of the nation. The Texas market diversed cities comprised of various industries, business climate and housing Read more
Mortgage Market Dominated By Fixed-Rate, Government Loans
It’s all about the vanilla.
The first half of 2008 was dominated by fixed-rate and government-backed mortgages, according to the MBA’s Mortgage Originations Survey released today.
Fixed-rate loans (excluding interest-only loans) accounted for 78.5 percent of the dollar volume of first mortgages during the six-month period, up from 63.6 percent in the second half of 2007.
Meanwhile, the Read more