Monthly Archives: June 2008

As many would-be home buyers remain on the fence about becoming homeowners, demand for rental space is increasing. Data from NAR’s most recent Commercial Real Estate Outlook report show that vacancy rates are down from last year, and average rent … Continue reading →

Studies show that between two-thirds and three-fourths of the United States’ largest cities now have “McMansions” – new, much larger houses built on lots once meant for smaller homes. While these super mansions can change the character of a neighborhood, … Continue reading →

Many of today’s consumers have long-term confidence in the housing market, according to recent research. Fifty-nine percent of those polled in a recent Associated Press-AOL Money & Finance survey said that now is a good time to buy a home, … Continue reading →

Buying a foreclosed home just like buying any piece of property has no guarantee of success. You don’t want to be the kind of purchaser who isn’t knowledgeable and careful and ends up losing money. I would advise finding a … Continue reading →

According to Kenneth R. Harney, who is a nationally-syndicated columnist on housing and real estate, “There’s more evidence that buyers who’d been sitting on the sidelines are now jumping into the housing market: The Mortgage Bankers Association of America reports … Continue reading →

By Hank Bailey®Prudential Blanton Properties You have probably heard on “Flip this House” or some other T.V. show on HGTV the term “we’re in escrow” and wondered what it meant. One of the stages of the home buying process is … Continue reading →

According to The Mortgage Bankers Association, which released its Mortgage Applications Survey for the week ending June 6, the Market Composite Index, a measure of mortgage loan application volume, was 557.1, an increase of 10.9 percent on a seasonally adjusted … Continue reading →

According to the National Association of REALTORS’ Housing Affordability Index, housing has gotten to a point of being more affordable today than it was at the end of 2005. Based on the April 2008 report the Median Priced Existing Single-Family … Continue reading →

Based on the April housing stats from the NAR’s Pending Home Sales Index (PHSI) the national housing market shows improvement. Pending home sales increased in April to the highest reading since October, according to the National Association of Realtors. With … Continue reading →

There is always the question of “do I just sell my house myself or take it to a real estate agent?” Let me provide some insight from a REALTOR’S point of view as to what we do on a daily … Continue reading →

“Buying a home is the largest purchase you will ever make.” Have you heard this before? Owning a home has great benefits for a family but, there are also responsibilities that one need not forget. Preparing for homeownership or for … Continue reading →

By Hank BaileyPrudential Blanton Properties Home-price adjustments in markets around the country have opened doors of opportunity for many renters. If you are transitioning from renter to homeowner, the prospect of making such a large investment may be exciting, while … Continue reading →

Finding a mortgage now-a-days is the most important task you face and I would contend it is even harder to find the loan program than finding your dream home. If you’re buying a new home, your builder may offer you … Continue reading →

According to economist Dr. Irwin Kellner, “The protracted decline in home prices has made many houses more affordable than they’ve been in years. You know what this means? Housing could shift from a buyer’s market to a seller’s market before … Continue reading →