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Why Today's Foreclosure Numbers Are Nothing Like 2008 You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think twice about buying a home for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Let’s look at the latest information with context so we can see how this compares to previous years. As the government’s moratorium came to an end, there was an expected rise in foreclosures. But just because foreclosures are up doesn’t mean the housing market is in trouble. Basically, there’s not a sudden flood of foreclosures coming. Instead, some of the increase is due to delayed activity while more is from economic conditions. While foreclosures are climbing, it’s clear foreclosure activity now is nothing like it was during the housing crisis. In addition to all of the factors mentioned above, that’s also largely because buyers today are more qualified and less likely to default on their loans. Today, foreclosures are far below the record-high number that was reported when the housing market crashed. #realestate #homeownership #homebuying www.DanFreshley.com

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Why Today's Foreclosure Numbers Are Nothing Like 2008 You’ve likely seen headlines about the number of foreclosures climbing in today’s housing market. That may leave you with a few questions, especially if you’re thinking about buying a house. Understanding what they really mean is mission-critical if you want to know the truth about what’s happening today. According to a recent report from ATTOM, a property data provider, foreclosure filings are up 6% compared to the previous quarter and 22% since one year ago. As media headlines call attention to this increase, reporting on just the number could actually generate worry and may even make you think twice about buying a home for fear that prices could crash. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. Let’s look at the latest information with context so we can see how this compares to previous years. As the government’s moratorium came to an end, there was an expec
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The Three Factors Affecting Home Affordability Today

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There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. http://dlvr.it/Sn5Y1c
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What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. >>Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says, “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. >>Home Appraisal NAR explains, “A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.” When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. DM me today so you have the expert guidance you need to navigate the entire homebuying process. #realestate #homeownership #homebuying www.DanFreshley.com

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ICYMI: What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. >>Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says, “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transactio
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#ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers The Power of Pre-Approval: If you’re buying a home this spring, today’s housing market can feel like a challenge. http://dlvr.it/SmzYQT

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#ForBuyers #FirstTimeHomeBuyers #MoveUpBuyers The Power of Pre-Approval: If you’re buying a home this spring, today’s housing market can feel like a challenge. http://dlvr.it/SmzYQT http://dlvr.it/SmzYbj
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The Power of Pre-Approval

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If you’re buying a home this spring, today’s housing market can feel like a challenge. http://dlvr.it/SmzYQ8
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What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. >>Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says, “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is final. >>Home Appraisal NAR explains, “A home purchase is typically the largest investment someone will make. Protect yourself by getting your investment appraised! An appraiser will observe the property, analyze the data, and report their findings to their client. For the typical home purchase transaction, the lender usually orders the appraisal to assist in the lender’s decision to provide funds for a mortgage.” When you apply for a mortgage, an unbiased appraisal (which is required by the lender) is the best way to confirm the value of the home based on the sale price. DM me today so you have the expert guidance you need to navigate the entire homebuying process. #realestate #homeownership #homebuying www.DanFreshley.com

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What’s the Difference Between a Home Inspection and an Appraisal? If you’re planning to buy a home, an inspection is an important step in the process. It assesses the condition of the home before you finalize the transaction. It’s also a different step in the process from an appraisal, which is a professional evaluation of the market value of the home you’d like to buy. >>Home Inspection Here’s the key difference between an inspection and an appraisal. Bankrate says, “In short, while an appraisal helps you understand a home’s value, inspections help you understand a home’s condition.” The home inspection is a way to determine the current state, safety, and condition of the home before you finalize the sale. If anything is questionable in the inspection process – like the age of the roof, the state of the HVAC system, or just about anything else – you as a buyer have the option to discuss and negotiate any potential issues or repairs with the seller before the transaction is fi
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#ForBuyers #Infographics #FirstTimeHomeBuyers #MoveUpBuyers Why You May Want an Energy-Efficient Home [INFOGRAPHIC]: * Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. * Energy prices have increased over the last year, so look for energy-efficient features in your home search. http://dlvr.it/SmrSvM

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ICYMI: #ForBuyers #Infographics #FirstTimeHomeBuyers #MoveUpBuyers Why You May Want an Energy-Efficient Home [INFOGRAPHIC]: * Since inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home. * Energy prices have increased over the last year, so look for energy-efficient features in your home search. http://dlvr.it/SmrSvM http://dlvr.it/Smv7tT
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