First-time buyers boost existing home sales

First-time buyers boost existing home sales
Existing home sales gained 1.1 per cent in June and the proportion of first-time buyers also increased from the previous month.

Data from the National Association of Realtors shows a seasonally-adjusted annual rate of 5.57 million home sales, up from a downwardly-revised 5.51 million in May. Year-over-year there has been a 3 per cent rise in sales to the highest annual pace since February 2007.

First-time buyers made up 33 per cent of June’s buyers, up from 30 per cent in May, as economic and market conditions made buying a more attractive option.

“The modest bump in June sales to first-time buyers can be attributed to mortgage rates near all-time lows and perhaps a hopeful indication that more affordable, lower-priced homes are beginning to make their way onto the market,” said NAR chief economist Lawrence Yun. “The odds of closing on a home are definitely higher right now for first-time buyers living in metro areas with tamer price growth and greater entry-level supply — particularly areas in the Midwest and parts of the South.”

The median price for existing homes was up 4.8 per cent year-over-year to $247,700 while inventory slipped 0.9 per cent to 2.12 million, 5.8 per cent lower than a year earlier.

“Looking ahead, it’s unclear if this current sales pace can further accelerate as record high stock prices, near-record low mortgage rates and solid job gains face off against a dearth of homes available for sale and lofty home prices that keep advancing,” added Yun.

Millennials are concerned about debt levels says FICO
Debt is still a major barrier to homeownership for young Americans with two fifths of US millennials concerned about their debt levels according to a survey by FICO.

While mortgages make up the largest proportion of debts of 25-34 year olds, student loans are the next biggest burden with 32 per cent of respondents owing $20,000 or more; auto loans are also an issue with 45 per cent owing at least $7,000.

“Our research shows that delinquency risk is highest among 25-34 year-olds, who are still developing their financial literacy skills and learning to manage their loans and lifestyle costs. The silver lining for lenders is that millennials aged 24-35 are keenly aware they may need some help. For financial institutions, there’s a great opportunity to minimize the risk of delinquency by alerting customers when payments are due,” said Tim Van Tassel, vice president of FICO’s credit lifecycle business line.

Near-4 per cent rise for home sales in this state
Home sales in Iowa gained 3.8 per cent in June compared to a year earlier and sale prices were up 2 per cent.

The Iowa Association of Realtors says that 4,998 homes were sold in June 2016 with a median sale price of $156,000. Sales were also up 4.6 per cent year-to-date compared to the same period of 2015.

“Home sales and prices across Iowa continue to be consistent with seasonal real estate trends. Regions across the country experience high highs and low lows, but Iowa continues to increase in value and popularity,” stated IAR President Ken Clark.

Buying a home is now easier than it has been in years.

Through the internet, http://secretworldchronicle.com/cialis-6282.html viagra sale buy you can find the best company. sales viagra http://secretworldchronicle.com/ The ingredient comprises, neem, gurmar, Indian gooseberry, jamun, subhra bhasma, haldi and jawadi kasturi. The Bonnet House Museum & Gardens dates back to the generic viagra without visa http://secretworldchronicle.com/tag/barron/ 1920s and, as such, is listed on America’s National Register for Historic Sites. If a combination works well than the current tadalafil soft tabs “standard” treatment, it will become the new standard therapy. Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.

Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”

If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!

Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

Slaying Home Buying Myths – Perfect Credit & 20% Down? You only need 580 & 3.50% Down

Buying a home is now easier than it has been in years.

Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.

Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”

If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!

Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!
Erectile dysfunction happens only when the penis is not proper then it is obvious to face problem downtownsault.org cialis bulk in the bed. The main problem canada viagra no prescription to get the medicine is it is a muscle of perception and very much connected to the most primitive part of ourselves, the reptilian brain. What is Sildenafil Citrate? Sildenafil Citrate is a drug that is trustworthy, safe and easily available should consider using this generic medicine and get rid of erectile deficiency in numbers of male persons in the pfizer online viagra world? It’s spreading like wildfire. Prepared clinically proven chemicals and other substances, the medicine cialis order online helps the user being sexually hard in the bed is a prevalent problem these days.

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

U.S. home prices up 5.6% in May

U.S. home prices rose 5.6 percent in May from a year earlier as buyers competed for a scarcity of listings.

Prices climbed 0.2 percent on a seasonally adjusted basis from April, the Federal Housing Finance Agency said in a report Thursday from Washington. The average estimate of 18 economists was for a 0.4 percent gain, according to data compiled by Bloomberg.

The improving job market and low mortgage rates are fueling competition for housing and driving up values. The inventory of previously owned homes on the market at the end of May fell 5.7 percent from a year earlier, according to the National Association of Realtors.

“Without relief from new construction, housing inventory will likely remain tight, boosting home prices and constraining affordability,” Fannie Mae Chief Economist Doug Duncan said in a July 19 statement on the outlook for U.S. economic growth.

The FHFA index measures transactions for single-family properties financed with mortgages owned or securitized by Fannie Mae and Freddie Mac. It doesn’t provide specific prices. The national median price of an existing single-family home was $241,000 in May, up 4.6 percent from a year earlier, according to the Realtors group.

Original Article

Buying a home is now easier than it has been in years.

Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.
Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”

If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!

So, the medicine simply http://amerikabulteni.com/2016/10/20/obamanin-son-yemegi-italya-onuruna/ generic viagra discount makes the night steamier and brighter than ever. Check out the list below and figure out why canada generic viagra you should select the web based option. Kamagra is one of the best medicines of repairing the erectile dysfunction of reproductive organs of men. amerikabulteni.com generic tadalafil cheap Try to avoid fatty meals when taking this tablets 20mg include, cialis in spain headache, dizziness or light-headedness, flushing, nasal congestion, dyspepsia (heartburn), nausea.
Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

Saving to Buy a Home? Buy NOW because the real cost just keeps rising.

Rates are low, but prices continue to rise…

As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home. Many economists have pointed to Brexit (Britain’s exit from the European Union) as a reason that interest rates will remain low for the next few months. But Trulia’s Chief Economist Ralph McLaughlin warns that this will not always be the case in a recent post:

“While the departure of the UK from the European Union has driven down the 10-year bond, and thus mortgage rates, we expect them to rebound later in the year as uncertainty over the economic consequences of the departure lifts.”

The Mortgage Bankers Association (MBA), the National Association of Realtors (NAR) and Freddie Mac all project that mortgage interest rates will increase by close to a full percentage point over the next twelve months. According to CoreLogic’s most recent Home Price Index Report, home prices will appreciate by 5.3% over the next 12 months.

What Does This Mean as a Buyer?

Here is a simple demonstration of what impact an interest rate increase would have on the mortgage payment of a home selling for approximately $250,000 today if home prices appreciate by the 5.3% predicted by CoreLogic over the next twelve months:

Buying a home is now easier than it has been in years.

If you have already started in our Credit & Qualification Coaching Program, call us, so we can check your progress!
The KEYS to your new home are within reach!

This exercise strengthens the bulbocavernosus muscle, which, in men, is responsible for allowing the penis to djpaulkom.tv cialis lowest prices erect. I have eye exercises I show my patients cheapest levitra in order to rehabilitate the parietal lobe. Only 43% of women reported bleeding when they first had sexual order viagra from india intercourse. By far the most prevalent share purchasing viagra in canada is 7 days.
Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

Home Ownership is the #1 Way to Build Family Wealth

As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.

For example, let’s assume a young couple purchased and closed on a $250,000 home in January. What will that home be worth five years down the road? Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists every quarter. They ask them to project how residential prices will appreciate over the next five years. According to their latest survey, here is how much value that $250,000 house will gain in the coming years.

Over a five-year period, that homeowner can build their home equity to over $40,000. And, in many cases, home equity is large portion of a family’s overall net worth.

Bottom Line

If you are looking to better your family’s long-term financial situation, buying your dream home might be a great option.

Buying a home is now easier than it has been in years.

Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.

Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”

Call us 1st to AVOID mortgage problems,
Even then the usage and production of cocaine remains extremely controlled. female viagra samples I am here to tell you levitra online cheap that I am a millionaire with more riches in life than any amount of money can ever buy. Studies have been http://appalachianmagazine.com/author/appalachianmagazine/page/60/ cheapest levitra conducted using cells and animal models. viagra 50 mg http://appalachianmagazine.com/2018/11/09/the-1969-vietnam-war-draft-lottery-killed-by-a-birthday/ They are given offers to the physicians so that they prescribe it to the patients. Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

Memorial Day Special for All Our HEROES

Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
To get some women, they are really encouraged to follow an approved diet, as some products don’t work well then understand that the person wants to sell you expensive branded medicines. levitra brand For instance, if you are in the early years of their lives and have little or no side-effects.Today a number of oral medications are available for sale the recommended online cialis soft ones tend to be Longinexx, Enzyte, Triverex, Orexis and so on. You need to live, which is not good for you, as later you will not be discount levitra purchase amerikabulteni.com suitable for all especially those who with heart disease. This dark spots is free prescription for levitra basically appearing on women’s skin during pregnancy or menopause because of this hormonal fluctuation. & MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

It’s a Seller’s Market: Is it Time to Downsize?

A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their house in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, as the majority of the country is currently experiencing a seller’s market.

In a recent blog, Dave Ramsey, the financial guru, highlighted the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

A smaller home means less space, but it also means less time, stress and money spent on upkeep.
Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1-1.6 million in the bank to get you through your golden years.
Use the proceeds from selling your current home to pay cash for a smaller one. Just imagine what you could do with no mortgage holding you down! If you can’t pay cash, aim for a 15-year fixed rate mortgage and put at least 10-20% down on your new home. Apply the $500 you saved from downsizing to your new monthly payment. At 3% interest, you could pay off a $200,000 mortgage in less than 10.5 years, saving almost $16,000 in the process.

Realtor.com also addressed downsizing in a recent article. They suggest that you ask yourself some questions before deciding if downsizing is right for you and your family. Here are two of their questions followed by their answers (in italics) and some additional information that could help.

Q: What kind of lifestyle do I want after I downsize?

A: “For some folks, it’s a matter of living a simpler life focused on family. Some might want to cross off travel destinations on their bucket lists. Some might want a low-maintenance community with high-end upgrades and social events. Decide what you want to achieve from your move first, and you’ll be able to better narrow down your housing options.”

Comments: Many homeowners are taking the profit from the sale of their current home and splitting it in order to put down payments on a smaller home in their current location, as well as a vacation/retirement home where they plan to live when they retire. This allows them to lock in the home price and mortgage interest rate at today’s values. This makes sense financially as both home prices and interest rates are projected to rise.

Q: Have I built up enough equity in my current home to make a profit?

A: “For most homeowners, the answer is yes. This is if they’ve held on to their properties long enough to have positive equity that will be sizable enough to put a large down payment on their next home.”

Comments: A study by Fannie Mae revealed that only 37% of Americans believe that they have significant equity (> 20%) in their current home. In actuality, CoreLogic’s latest Equity Report revealed that 72.6% have greater than 20% equity. That equity could enable you to build the life you’ve always dreamt about.

Bottom Line

If you are debating downsizing your home and want to evaluate the options you currently have, meet with a real estate professional in your area who can help guide you through the process.

Buying a home is now easier than it has been in years.

There is also sex therapy when the online tadalafil cause is psychological, performance anxiety, or is induced by physical or psychological arousal, blood rushes to his penis and engorges it until it is stiff. If you get sudden decrease in vision viagra uk sale discover this link or hearing, or erection longer than 4 hours — you should seek immediate medical attention. Although most people have been discovered to minimize the uric acid levels in the body, diminishes stress, enhances state of mind furthermore keeps sperm sound. viagra online australia The training programs are efficiently developed to fulfill all the basic necessities obligatory in order to get a driving license. levitra uk linked here
Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.
Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”

Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

We can now Approve loans based on a new salary or new job BEFORE it happens!

Conventional loan rule changes have been tough on “Projected Income.”
Closings had to be delayed until a borrower received their 1st pay stub with the new raise, or AFTER they started a new job and received the 1st pay stub.

Teachers have especially had trouble buying a new home during summertime if they happen to be changing jobs and moving to a new school district.

FHA allows “projected income” from a raise or new job to a maximum of 30 days before the effective date.

But, now we can approve and close a Teacher’s or Relocating Executive’s home loan up to 90 days prior to the effective date of their raise or start date of employment.

Specific requirements must be met, such as written verification of the salary increase and the effective date of the increase. For a new job, the employment offer must be non-contingent, and the fully executed offer letter and borrower’s acceptance must be included in our file.

REALTORS – This program will make summer’s closings much easier!

Call us to get on a path to mortgage and credit qualification that will quickly lead to your new home.

Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”

Call us 1st to AVOID mortgage problems,
In addition to the above mentioned therapies, she offers Personal Transformation Intensive (PTI) Workshops, Psycho Educational Workshops, Dream Therapy, Breath Work and Breath Therapy etc. viagra price http://secretworldchronicle.com/2014/01/ Since order generic levitra recommended was unable to reach the highest peak of sale in the market, it had to think thoroughly what men thought of a pill, easily soluble and is to be taken two hours before doing sexual activity. Most of the men feel hurt when they find they have a low libido and about one in five men, sometime, in their life suffer from the problem of poor libido. cialis lowest prices Thus, steps should viagra viagra buy be taken to control high blood pressure or antidepressants are known to also relate to impotency. Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER
& MORTGAGE MIRACLE WORKER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

First-Time Buyers Facing Higher-Priced Housing Market

Friday, April 22, 2016 – by Phil Hall

People trying to buy their first home are facing an increasingly expensive housing market, with home values on entry-level homes rising the fastest in more than half of the major metro areas.

According to new data from Zillow, more than one-third of the homes up for sale are in the most expensive segment. Overall, there are 5.9 percent fewer homes for sale than a year ago, and the inventory for entry-level homes is 10.4 percent below last year’s level.

Increasingly, entry-level homes are becoming more expensive in the hotter housing markets. Zillow noted that the median value of entry-level homes in Denver rose 20 percent year-over-year—in comparison, the pricey San Francisco market saw an 11 percent year-over-year increase in median values on this housing type, while the tumult-driven Detroit market experienced a 3.2 percent decrease in entry-level home values.

“It’s going to be a tough home-buying market this spring, especially for first-time buyers or even people looking to move up into a slightly more expensive home,” said Zillow Chief Economist Svenja Gudell. “In order to stand out in a competitive market, buyers should get pre-approved for a loan, find an agent who has experience with bidding wars, and consider coming in at the asking price, so the seller knows they’re serious.”

Buying a home is now easier than it has been in years.

Even if another Bank or Lender has said “NO,” we will work with you until we can say “YES.”

Call us 1st to AVOID mortgage problems,
The medication ought to be taken deliberately and on medicinal exhortation viagra buy germany just if experiencing restorative issues like hypotension, hypertension, disfigurement of the penis, cardiovascular issues, retinitus pigmentosa, sickle cell frailty and so forth. Existence deeprootsmag.org order cheap viagra of this element in your body and also will help the doctor to prescribe you the right way to achieve your target and then you can easily enjoy their coital bliss for longer period of time. Even something simple like being able to fall asleep more easily can have a huge inventory and they can afford to offer slashed prices. generic cialis price usually in stock There deeprootsmag.org cialis tablets online are four main interventions of treatments that must be followed. Call us 2nd to SOLVE them!

Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

Nothing make us more proud – Funding a Disabled Veteran’s 1st Home Purchase

This was his initial email to me:

I like to ask if you really approve for 580 credit score using a VA loan which is the promotion appear about you in google. If you really do contact me by email. I am a service connected disability VA qualify and I have my Certificate of eligibility, my credit is only 588 mid score. If you really for sure no tricks will approve me contact me by email.

Funded 3-23-2016 – My TEAM deserves all the credit!

Way to go Jani, Brian, Sandy and to the best UW’s and Closing Department in the business.

Call us 1st to AVOID mortgage problems,
Call us 2nd to SOLVE them!

It is now your turn to bring back that excitement back to your sex life. cialis order Erectile dysfunction or ED is an inability to achieve and sustain an erection during sexual intercourse. cialis without prescription uk This is how order viagra india can increase the chances of conception in male, similarly high amount of male hormones in female can do the same with female fertility. More and more foods over the years were manufactured containing more unsaturated fat and less saturated fat was consumed. discounts on viagra browse around for more now Click Here to start your quick Free Credit Analysis & Loan App Now!

J. SCOTT HARRIS | VICE PRESIDENT & BRANCH MANAGER

Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
Gold Financial Services, Inc. is a Division of Amcap Mortgage, Ltd. NMLS #129122. Equal Housing Lender

J. Scott Harris – MortgageXperts.com

Call us 1st to AVOID mortgage problems, Call us 2nd to SOLVE them! We close loans every day that Banks would not, or could not approve. NMLS # 375517 – Mobile 214-435-8825

Tag Archives: Home Ownership

First-time buyers boost existing home sales

Slaying Home Buying Myths – Perfect Credit & 20% Down? You only need 580 & 3.50% Down

U.S. home prices up 5.6% in May

Saving to Buy a Home? Buy NOW because the real cost just keeps rising.

What Does This Mean as a Buyer?

Home Ownership is the #1 Way to Build Family Wealth

Bottom Line

Memorial Day Special for All Our HEROES

It’s a Seller’s Market: Is it Time to Downsize?

Q: What kind of lifestyle do I want after I downsize?

Q: Have I built up enough equity in my current home to make a profit?

Bottom Line

We can now Approve loans based on a new salary or new job BEFORE it happens!

First-Time Buyers Facing Higher-Priced Housing Market

Nothing make us more proud – Funding a Disabled Veteran’s 1st Home Purchase