How More Americans Are Getting a Perfect Credit Score

  By Suzanne Woolley - Bloomberg.com August 14, 2017, 1:00 AM MST It took Stan Kelman three years of monitoring and tinkering to muscle his wife’s credit score to a perfect 850. “It’s a personal achievement,” says the 44-year-old business analyst and data scientist. “I’m very proud of it.” Anna, his wife, let him direct the strategy for managing her accounts—whether to apply for new credit, when to ask for higher limits, how much of those limits to draw on....

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Pending Home Sales Jump in June Ending 3-Month Downward Trend

The June numbers are in, and the National Association of Realtors (NAR) is reporting a 1.5% increase in pending homes sales for the month. This reverses a 3-month downward trend, with low inventory levels likely being the primary force behind the jump. When asked about the latest report, NAR Chief Economist Lawrence Yun said, “Market conditions in many areas continue to be fast paced, with few properties to choose from, which is forcing buyers to act almost immediately on an...

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Good News for Homebuyers Who Cannot Put Down 20%

It is time to dispel the myth of the 20 percent down payment. While a large down payment can help a home buyer to get more favorable loan terms, it is certainly not mandatory when buying a house, especially when it comes to first-time home buyers. “In my experience, most of my clients, especially first-time home buyers, are not aware of the different loan programs that are available with lower required down payments; or of the programs that can actually...

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Tell Your Appraiser About Those Multiple Offers

The Arizona real estate market is flooded with multiple offers these days due to low housing inventory levels. Multiple offers usually mean that sellers are getting top dollar for their homes. This is a great situation up until the appraisal comes back lower than the contract price. Since more and more agents are finding themselves in this situation, here is a way to plan ahead and use those multiple offers to your advantage. First, start using an Appraiser Information Packet...

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5 Habits for a Successful Morning

Every successful person has a unique story. A fascinating patchwork made up of opportunities, intelligence, social skills, hard work, and lucky breaks. Even though the stories may vary from person to person, there is a commonality that nearly all successful people share: a morning ritual. How we spend our mornings can set the tone for the entire day. When we are rushed or surrounded by chaos, then the day will feel rushed and chaotic. Successful people conquer their mornings and...

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Home Buyers Try to Beat the Fast-Approaching Seller’s Market

Beautiful weather, an excited economy, and enticing mortgage rates are getting prospective home buyers off the couch and out into the world in droves – and home sellers are loving it. Experienced real estate agents in most major markets are saying that this is quickly becoming the strongest seller’s market in years. Buyers need to act fast, because sellers are starting to price their homes optimistically, and, in most cases, they are getting what they want. Traditionally, in times like...

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The Rise of Mobile Mortgages

In case you haven’t noticed, Americans are now using their mobile phones for everything. While great customer service is still appreciated, the majority of the country is more interested in just being able to do something on their own, in their own time. While home loans have a lot of moving parts and require different levels of documentation depending on your situation, a few Lenders have now mastered the art of the mobile mortgage. An Accenture survey of 4,000 North...

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3 Reasons to Purchase a Home in 2017

The good news: the economy seems to be well on the road to recovery. The bad news (for new home buyers anyway): the economy seems to be well on the road to recovery. Obviously a healthy economy in the United States is a good thing for everyone, but it certainly can make the home buying experience a bit more expensive. Here are three reasons to act now if you are thinking of purchasing a home: 1. Mortgage rates could soon...

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Housing Supply & Mortgage Rates are Down, While Demand is Up

The sun is out, birds are chirping, and prospective home buyers are venturing out to find the perfect home for their family. Home buying season starts around the same time every year, the difference this season is that there are 3 percent less homes available than last year across the country. “Low inventory, strong demand and tough competition will be defining characteristics of this year’s home shopping season,” according to Zillow Chief Economist Dr. Svenja Gudell. “Even though interest rates...

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Rate of New Home Sales Hits a 7-Month High in February

Even though mortgage rates have risen a bit and supply has dwindled, the data from February shows sales of newly constructed homes have hit their fastest pace since July 2016. The Commerce Department has been spreading the news today and the news is good for the housing market. According to the released figures, new-home sales ran at a seasonally adjusted annual rate of 592,000. Don’t worry if this figure doesn’t have you jumping for joy, the important thing to know...

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