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Mortgage rates were on their way up this week, with the 30-year fixed-rate mortgage moving to its highest reading since Sept. 29, 2012, Freddie Mac reports in its weekly mortgage market survey. Still, fixed-rate mortgages remain near all-time record lows and “should continue to aid in the ongoing housing recovery,” according to Frank Nothaft, Freddie Mac’s chief economist. Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 24: 30-year fixed-rate mortgages: averaged 3.42 percent, with an average 0.7 point, rising from last week’s 3.38 […]

As home prices continue to rise in most markets and sales activity looks to maintain its momentum, the supply of houses for sale — both new and resale — is as low as it has been in decades. “We had 48 months of depression in the housing industry,” notes Karl E. Case, co-developer of the Standard & Poor’s/Case-Shiller home price index. “There is no question that we have turned what seemed to be a headwind into a tail wind.” It’s a good thing to use indacloud cataloupe haze vape cartridge, […]

Home prices are increasing across the country as the number of homes for-sale continues to fall. But at a time when buyer demand is picking up, why is inventory still so low? Inventories fell to 1.82 million at the end of last year, a 21.6 percent drop from one year earlier, the National Association of REALTORS® reports. The Wall Street Journal recently highlighted several reasons behind the dropping inventories, including: Sellers hesitant to sell: About 22 percent of home owners with a mortgage are still underwater, owing more than their […]

Rents were up for the third consecutive year in 2012 and are forecasted to rise again this year, according to MPF Research. Apartments rents increased 3 percent in 2012, a slower pace than in 2011 where rents rose 4.8 percent. The historical norm for the past two decades in rental increases is 2.5 percent per year. According to MPF, many property owners weren’t as aggressive in asking for higher rents in 2012 as they were in recent years. “Many on the operations side of the apartment industry have focused on […]

Buying a home is one of the most significant decisions in a person’s life. Therefore, it is essential that you are both confident and comfortable with the individual representing you. Michael stands out in his field with his personable style. Buyers and Sellers equally appreciate his creative eye as well as his meticulous business approach. His formula for success is simple; He discovers your primary goal, and makes it his own. Michael has experience working in many diverse markets in Colorado. He has successfully facilitated many transactions in Colorado Springs […]

Originally from Toledo, Ohio, I moved to Atlanta in 1989 and earned my Real Estate license in 1995. I strive to go the extra mile for all of my clients, whether they are first time home buyers or sellers looking for their next home. My goal is to make each transaction as smooth as possible for my clients. I work out of the Intown Office in Morningside where I have been a Top 10 producing agent for the office. I am also a Lifetime Member of the Atlanta Board of […]

Short sales are getting much shorter, Freddie Mac says. The mortgage giant launched a Freddie Mac Standard Short Sale program on Nov. 1 that sought to speed up the short sale process and make it easier and more transparent. “We estimate that the time to complete a short sale will decrease by approximately 50 percent to 75 percent,” as a result of the changes, writes Tracy Mooney, Freddie Mac’s EVP in a recent blog post. Among the changes that took effect Nov. 1, 2012: Mortgage servicers have 30 days to make […]

Forget the myth that winter is a bad time to sell real estate. While sales usually inch lower in the cooler months, some real estate pros are saying this winter in particular may be a great time to sell a residential property. Here’s why: 1. Mortgage rates are near record-breaking lows. 2. Home prices are starting to rebound in many markets across the country. The National Association of REALTORS® reported that home prices in December were 11.5 percent higher than a year earlier. 3. Homes still remain a good deal: Prices […]

Banks cashed in on mortgages last year, reporting record earnings on mortgages in 2012. Banks’ mortgage profits are finally starting to surpass the cost of the faulty loans and foreclosures that have bogged down many lending arms the last few years. If you are looking for a home loan, view site to get a the best rates available. Four major lenders — Wells Fargo & Co., JPMorgan Chase & Co., Bank of America Corp., and U.S. Bancorp — reported $24.4 billion in home mortgages in 2012. Meanwhile, expenses from loan […]

My mother was a broker for over 25 years, so you could say I was born and raised in the Real Estate business. After putting in my time behind the scenes, I obtained my license in 2004. In my first year as a Realtor® I received the Multi-Million Dollar, Rising Star and Top Sales Agent awards. From there I went on to be a Top Producing Agent in the company I was with. I was installed as a Sales & Leasing Manager to assist other agents in their business. That […]