Stats from the National Assoc. of Home Builders are showing a pretty steady rise in prices for single-family homes since 2009.
The charts below show the numbers from 2009-2012, and also for the three-quarters of 2013:
Find this graphic at Builder Online.
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Nearly 3 out of 10 Americans have a credit score of 620 or lower, and are unlikely to qualify for a conventional mortgage loan.
And the lowest mortgage rates usually go to people with credit scores of 740 or higher. According to myFICO.com, in September 2010, 47% of Americans had a credit score over 720, but as of September 2013, that number is 40.3 percent.
When you’re ready to buy a home, you want to avoid any unpleasant surprises, so it’s important to make sure your credit is in good standing.
At least 6 months before trying to purchase a home, check your credit score. Fix any mistakes, and make sure you keep paying all your bills on time. Also, don’t take out any loans or new credit before closing on your new home.
Also, if you’re shopping for a new home in Florida, check out the tips and powerful search engine at Rosemary Sells Tampa!
Connerton just released a new video showcasing all of their amazing amenities!
You can view the clubhouse, fitness center, cafe/lounge, basket ball and tennis courts, resort-style pool and water play area, playgrounds, open spaces, and wooded walking trails.
When shopping for a new home, you may consider a fixer-upper. It might be the best option for you if you want to put your own personality into the house right away. But what will fixing it up really cost you?
There are some steps you should take:
1. Decide what you can do yourself
2. Price the cost of repairs and remodeling before you make an offer
3. Check permit costs
4. Double-check pricing on structural work
5. Check the cost of financing
6. Calculate your fair purchase offer
7. Include inspection contingencies in your offer
To read about these steps in detail, check out this article at House Logic:
Visit houselogic.com for more articles like this.
Copyright 2013 NATIONAL ASSOCIATION OF REALTORS®
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