by David Floyd | Dec 6, 2018 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers
Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last...
by David Floyd | Dec 5, 2018 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart...
by David Floyd | Dec 4, 2018 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy, Senior Market
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner...
by David Floyd | Dec 3, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Apartments are getting smaller, yet renters are paying more. This troubling trend could become a growing problem for younger and lower-income individuals, especially those who wish to save up for a down payment on a house. According to a recent report from CNBC, the...
![Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]](http://davidmfloyd.com/wp-content/uploads/2018/11/20181130-Share-STM.jpg)
by David Floyd | Nov 30, 2018 | First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers, Pricing
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state,...
