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Top 10 Housing Markets for Millennial Home Buyers; TX Takes Top 3 Spots

Flamboyant, fast, and with a fleeting focus! This was the stereotype associated with Millennials about a decade ago. Not that they cared! A decade has rolled by, and today, the Millennials’ pilot batch is closing on its 40thyear. Naturally, Generation Y has sobered down a lot. This explains why the largest living generation of our times is looking seriously into home ownership. Their voice is growing in the housing sector and they are making a higher and higher percentage of the First Home Buyers. Gen Y makes up for 45% of new mortgages,…continue reading →

10 Things about Credit Score Everyone Needs to Know – My #TwitterChat with @Experian

Q1: What is a credit score? A1: Credit Score is a 3-digit number created by 3 major Bureaus – Experian, Equifax, and Transunion which represents your creditworthiness. The higher the score, the more likely you will repay your debts. Q2: How do you check your credit score and is it free? A2: The Fair Credit Reporting Act (FCRA) requires each of the 3 major bureaus — Equifax, Experian, and TransUnion — to provide you with a free copy of your credit report, at your request, once every 12 months. You can also enroll for free credit score monitoring…continue reading →

Jumbo Loans Can Help More Home Buyers in 2019

Since the real estate market is always changing, the Federal Housing Finance Agency (FHFA) evaluates the maximum loan limits for conforming loans each year, including jumbo loan amounts. 2019 has seen an increase in the conforming loan limit to $484,350 for a single family home. In areas where the median home prices are well above the national average, the maximum amount for a conforming loan is $726,525. Jumbo Loan Amounts May Vary by Location In 2018, the maximum was $453,100 for most areas, and in 2016 it was $424,100. So we can see…continue reading →

Top 10 Real Estate Markets for First Time Home Buyers

Home prices have completely stabilized and the shortage in housing supply is fast becoming a thing of past. Great news then for potential homebuyers who have come right into the mix! Only time will tell whether we are nearing the tail-end of the present cycle but from the looks of it, the market is certainly becoming a lot more receptive for new buyers; not only in terms of median values but also in terms of asking price quoted by sellers. Starter homes were definitely cramped in the recent past but the situation has…continue reading →

My 2019 Predictions for Mortgage Rates, Home Prices, and Stock Market

"It's tough to make predictions, especially about the future" - Yogi Berra And when it comes to predicting Stock Markets, Home Prices, and Mortgage Rates, well, it becomes tougher.  All three are impacted by such myriad of geopolitical and economic news and the emotions resulting from them that it's virtually impossible to foresee all of the variables at the beginning of the year. With that caveat, let's dive into where we are at the beginning of the year and where we are heading or at least where I think we are heading. 2019 Dynamics…continue reading →

2019 FHA Mortgage Loan Limits for all Counties in Georgia (GA)

APPLING 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 ATKINSON 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 BACON 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 BAKER 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 BALDWIN 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 BANKS 1 Unit - $314,827 2 Unit -…continue reading →

2019 FHA Mortgage Loan Limits for all Counties in Texas (TX)

ANDERSON 1 Unit - $314,827 2 Unit $403,125 3 Unit -$487,250 4 Unit - $605,525 ANDREWS 1 Unit - $314,827 2 Unit $403,125 3 Unit -$487,250 4 Unit - $605,525 ANGELINA 1 Unit - $314,827 2 Unit $403,125 3 Unit -$487,250 4 Unit - $605,525 ARANSAS 1 Unit - $314,827 2 Unit $403,125 3 Unit -$487,250 4 Unit - $605,525 ARCHER 1 Unit - $314,827 2 Unit $403,125 3 Unit -$487,250 4 Unit - $605,525 ARMSTRONG 1 Unit - $314,827 2 Unit $403,125 3 Unit -$487,250 4 Unit - $605,525 ATASCOSA 1 Unit…continue reading →

2019 FHA Mortgage Loan Limits for all Counties in Virginia (VA)

ACCOMACK 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 ALBEMARLE 1 Unit -$437,000 2 Unit - $559,450 3 Unit - $676,200 4 Unit - $840,400 ALEXANDRIA 1 Unit - $726,525 2 Unit -$930,300 3 Unit -$1,124,475 4 Unit - $1,397,400 ALLEGHANY 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 AMELIA 1 Unit - $535,900 2 Unit -$686,050 3 Unit -$829,250 4 Unit -$1,030.600 AMHERST 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit…continue reading →

2019 FHA Mortgage Loan Limits for all Counties in Pennsylvania (PA)

ADAMS 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 ALLEGHENY 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 ARMSTRONG 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 BEAVER 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 BEDFORD 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 BERKS 1 Unit - $314,827 2 Unit -…continue reading →

2019 FHA Mortgage Loan Limits for all Counties in Connecticut (CT)

FAIRFIELD 1 Unit - $601,450 2 Unit -$769,950 3 Unit - $930,700 4 Unit -$1,156,650 HARTFORD 1 Unit - $353,050 2 Unit -$451,950 3 Unit -$546,300 4 Unit -$678,950 HARTFORD 1 Unit -$357,650 2 Unit -$457,850 3 Unit -$553,450 4 Unit -$687,800 LITCHFIELD 1 Unit - $353,050 2 Unit -$451,950 3 Unit -$546,300 4 Unit -$678,950 MIDDLESEX 1 Unit - $353,050 2 Unit -$451,950 3 Unit -$546,300 4 Unit -$678,950 NEW HAVEN 1 Unit - $314,827 2 Unit - $403,125 3 Unit - $487,250 4 Unit - $605,525 NEW LONDON 1 Unit -…continue reading →