Article Written By: Kristin Demshki Fannie Mae and Freddie Mac are cornerstones of the mortgage market, yet many Americans are unfamiliar with their roles in the mortgage industry. Keep reading to better understand how they work for both US homeowners and the economy. What Are Fannie Mae and Freddie Mac? Fannie Mae and Freddie Mac are government-sponsored entities (GSEs) that act as Meet Our Team
Real Estate News
5 Most Common Home Loans
When you are first getting into real estate majority of the process can seem overwhelming. Thus it is key to have well educated and informed professionals in your corner to simplify and thoroughly explain all aspects. In this blog post I would like to cover the 6 most common home loans: fixed-rate mortgage loan, adjustable-rate mortgage loan, conventional loan, FHA and VA. 1. Fixed-rate Mortgage Meet Our Team
Multi-generational Homes Are on the Rise
As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old! As a result, 41% of Americans in the market are searching for a home that can accommodate a Meet Our Team
2 Things You Need to Know to Properly Price Your Home
In today’s housing market, home prices are increasing at a slower pace (3.7%) than they have over the last eight years (6-7%). However, they are still are above historical norms. Low supply of listed homes and high demand from buyers has pushed prices to rise rapidly. In the mind of the homeowner, annual home price appreciation over 6% has become the new normal. This becomes a challenge when a Meet Our Team
Don’t Be Afraid to Buy a Home Again!
According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some Americans feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.” According to the 2019 Home Buyer Report from NerdWallet, “Thirteen percent of Americans have lost a home due to a Meet Our Team
7 Homes Under $700,000
1. 14210 Donner Ave., Truckee, CA 96161 2 Beds, 2 Baths, 635 Sq Ft Take a look and use your imagination. The perfect project to be transformed into a cozy cabin so close to Donner Lake. Gigantic upstairs loft with great storage on side. Bedroom and half bath upstairs. Bedroom and bath on main level. The "pickwick" siding on interior will take you right back to the olden Meet Our Team
