HOME LOANS & APPROVALS

NEW HOME SALES

Posted by Coldwell Banker Legacy San Angelo on July 27, 2021 in  uncategorized
This article is brought to you by Legacy Lending Home Loans!New Home Sales, which measures signed contracts on new homes, were down 6.6% in June, which was a significant miss and beneath expectations of a 3.4% gain. Looking at inventory levels - There were only 353,000 new homes for sale, which is up 7% from May. The Median home price was reported at $362,000, which is down 5% from the previous report and up 6% year over year. Taking a deeper look at the sales and inventory – 77% of the sales in June were for... read more

EASIER THAN DIETING, HARDER THAN TRAINING A DOG

Posted by Coldwell Banker Legacy San Angelo on July 27, 2021 in  uncategorized
More than 1 in 5 homeowners who stayed put during the pandemic opted to refinance their mortgages over the past year, according to a new survey published by Zillow. The Seattle-based real estate tech company found that roughly half of those who refinanced last year saved at least $300 per month by doing so. Still, many homeowners declined to refinance because of the difficulty of the process or the high fees involved, Zillow’s survey found... read more

WHY AMERICANS SHOULDN’T GIVE UP ON HOMEOWNERSHIP

Posted by Coldwell Banker Legacy San Angelo on July 27, 2021 in  uncategorized
Data from the 2015 Survey of Income and Program Participation, two U.S. Census Bureau researchers found that homeownership is the top contributor to household wealth in the U.S. While barriers like rising home prices have made achieving the dream more challenging, there are several reasons why it shouldn’t be given up on, monetary and otherwise... read more

Happy Covid Homebuyers

Posted by Coldwell Banker Legacy San Angelo on July 27, 2021 in  uncategorized

For many Americans, buying a house during a pandemic meant competitive situations, buying above the list price of the home and waiving contingencies. You would think that would lead to panic and regret after closing. But, a new study by Hireahelper.com, says no.

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