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Why your DTI Is Crucial When Getting a Mortgage

Why your DTI Is Crucial When Getting a Mortgage

Debt-to-Income ratio (DTI) is a crucial factor when applying for a mortgage because it helps lenders determine your ability to manage monthly payments and repay borrowed money. It’s a measure of your financial health and indicates the proportion of your gross monthly income that goes towards paying your monthly debts. DTI is calculated by dividing…

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Mortgage Weekly Update

Mortgage Rates Continue to Rise and Applications Drop Off     

On Thursday, February 22, 2024, Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.9 percent, up from last week when it averaged 6.77 percent. A year ago at this time, the 30-year FRM averaged 6.5 percent. The 15-year fixed-rate mortgage averaged 6.29 percent, up from last week when it…

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Where to Learn Home Improvement Skills

Where to Learn Home Improvement Skills

Your home is an investment and knowing how to properly maintain it makes good financial sense. By learning easy home repair, you can save money on home maintenance repairs and upgrades. You also have more control over your home projects and will be better prepared to hire professionals for the jobs that are outside of…

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Vacation Homes: Trends and Tactics in Seasonal Property Sales

Vacation Homes: Trends and Tactics in Seasonal Property Sales

The allure of owning a vacation home has never been stronger. In an era where work-life balance and leisure time are increasingly valued, the vacation home market presents a unique opportunity for real estate professionals.  This article delves into the intricacies of selling these coveted properties, emphasizing the importance of understanding buyer motivations and adapting…

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High Home Prices are Holding Back Young Homebuyers

High Home Prices are Holding Back Young Homebuyers

The dream of owning a home remains a quintessential part of the American dream. However, for many young individuals, especially millennials and Gen Z, the dream seems increasingly out of reach due to soaring home prices. The real estate landscape has transformed dramatically over the past few years, with high home prices emerging as a…

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What Are Pop-Bys? (And Why They're An Effective Marketing Tool)

What Are Pop-Bys? (And Why They’re An Effective Marketing Tool)

Every real estate agent needs to employ several different lead generation strategies to grow their business. While email drip campaigns and social media outreach are great places to start, there’s also something to be said for maintaining a personal connection with past clients as a means of generating referrals. With that in mind, this post…

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Navigating Zoning Laws: A Realtor's Guide to Local Regulations

Navigating Zoning Laws: A Realtor’s Guide to Local Regulations

In the competitive realm of real estate, a profound understanding of local zoning laws emerges as a cornerstone for realtors committed to guiding their clients through the complex landscape of buying, selling, and developing property.  This article endeavors to unpack the intricacies of zoning regulations, furnishing realtors with the strategies and knowledge necessary to navigate…

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Homebuilder Sentiment on the Uptick

Homebuilder Sentiment on the Uptick

In the dynamic world of homebuilding, understanding how homebuilders feel is crucial. It shows us where the industry is heading. Let’s explore how homebuilders are feeling, and what it means for the future. The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) tells us a lot about homebuilder sentiment. In December, the…

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3 Signs a Fixer-Upper Could Be Worth It (and 5 Signs It’s a Money Pit)

3 Signs a Fixer-Upper Could Be Worth It (and 5 Signs It’s a Money Pit)

The allure of a fixer-upper is undeniable. In the wake of a booming housing market and the relentless charm of renovation shows, the prospect of transforming a diamond in the rough into your dream home has become a cultural phenomenon. The thrill of the hunt, the satisfaction of a job well done, and the potential…

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Artificial Intelligence Predicts Neighborhood Trends: The Next Big Thing in Real Estate

Artificial Intelligence Predicts Neighborhood Trends: The Next Big Thing in Real Estate

The real estate landscape is undergoing a profound transformation, driven by the advent of artificial intelligence (AI). As predictive analytics becomes more sophisticated, the ability to forecast neighborhood trends before they hit the mainstream is no longer the stuff of science fiction.  This revolutionary approach leverages AI to analyze vast amounts of data, from demographic…

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