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

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

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

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.

With some basic knowledge of dealing with inspections, you can easily maximize your property’s returns. 1. Check for major issues 2. Get help from your REALTOR® 3. Make a checklist 4. Don’t ignore the minor issues 5. Clean before inspection 6. De-clutter the property 7. Make sure it is 100% operational  8. Allow time for inspection 9. Leave the property 10. Don’t try to hide any issues... read more