Even after the housing crisis, many potential buyers still don't know even the most basic things about mortgages. Here are five essential facts about financing a home.
Via Gene Mundt
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Jane Peters www.homejane.com
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Looking for a cheap fixer-upper?
Jane Peters www.homejane.com's insight:
I have been constantly saying this... Delete the scoop?
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The recent increases in mortgage rates aside, housing affordability is still far above past average levels.
Jane Peters www.homejane.com's insight:
It will be interesting to watch the trend Delete the scoop?
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The industry claims home warranty contracts boost sales and sale prices, but critics say they could send the wrong signal to buyers and often are not necessary.
Jane Peters www.homejane.com's insight:
To sweeten the pot in this competitive sellers' market, I generally leave off the home warranty in a purchase contract. This makes me feel much better... Delete the scoop?
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"People come in, and they think the market is 2008 or 2009, when sellers were desperate," says one real estate agent. "They're not desperate. Not at all."
Jane Peters www.homejane.com's insight:
From the horse's mouth. Delete the scoop?
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At first glance, Wednesday’s report that sales of existing homes gained by just 0.6% in April, after adjusting for seasonal factors, seems unremarkable. But the modest gain understates what was a relatively solid report.
Jane Peters www.homejane.com's insight:
Even with the low inventory sales are rising. I guess this reasoning makes sense. Delete the scoop?
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Some buyers are solving their house-searching woes through prose. They're not writing poems or romantic novels - just notes to sellers, telling them how happy they'd be to buy their homes. The...
Jane Peters www.homejane.com's insight:
I guess it's not always about monty. Delete the scoop?
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Homebuyers need to consider more than just homes; it’s important to look at crime rates, amenities and commute times in neighborhoods they look at.
Jane Peters www.homejane.com's insight:
These are some great tips for picking a neighborhood to buy a home. Delete the scoop?
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Jane Peters www.homejane.com's insight:
Exciting things in store for Santa Monica. The metro line is just the beginning. Delete the scoop?
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California’s housing market surged last month as prices jumped from Southern California to the San Francisco Bay Area.
Jane Peters www.homejane.com's insight:
If this isn't incentive for Los Angeles home sellers, I don't know what is. Delete the scoop?
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In these four markets—all in the same state—multiple offers are the norm.
Jane Peters www.homejane.com's insight:
All four are in California! 
Sharon Paxson's curator insight,
May 13, 1:29 PM
Orange County is one of the most competitive markets. Delete the scoop?
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Experts disagree on whether it's a real recovery, or one stoked with government money.
Jane Peters www.homejane.com's insight:
Oh what a tangled web we weave... Delete the scoop?
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Before making the decision to buy, people shopping for homes must consider hundreds of factors. This includes the location of the house, the school district, the size of the lot and also the interior features.
Jane Peters www.homejane.com's insight:
I wonder where they come up with this? Delete the scoop?
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Home buyers in these markets are facing steep competition for the homes they want to buy.
Jane Peters www.homejane.com's insight:
Wow. Look at San Francisco Delete the scoop?
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ATLANTA -- Would-be home buyers who are frustrated by rising home prices and low inventory may have to wait a few years for relief, real estate experts told a conference on Wednesday.
Jane Peters www.homejane.com's insight:
Those darn investors.... Delete the scoop?
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Three of the 10 most traffic-congested cities in the world are in the U.S.
Jane Peters www.homejane.com's insight:
Well I knew we'd be up there, but Belgium???? Delete the scoop?
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The recent increase in home prices recorded in several residential markets is actually doing more harm than good when it comes to improvements in fundamentals.
Jane Peters www.homejane.com's insight:
For sellers waiting for prices to rise, probably not a great idea.... Delete the scoop?
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When Jim Keenan, the social sales specialist, describes his work today, he’ll tell you that he’s “ushering salespeople from the old world into the social world” - the cold calling world to the Twitter world, the salespeople who call prospects incessantly...
Jane Peters www.homejane.com's insight:
I can't believe people are only spending 10% of their time on social media.. I am more like 80%. Delete the scoop?
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U.S. housing markets where prices are expected to rise the most in the next five years, based on CoreLogic Case Shiller data.
Jane Peters www.homejane.com's insight:
Not a one in California Delete the scoop?
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The Greenwich, Connecticut estate of timber mogul John Rudey becomes the most expensive home for sale in the U.S. by a margin of $55 million..
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I shall have to call my buyers....... Delete the scoop?
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BALTIMORE — Greg Cantori plans to downsize when he retires. Really, really downsize.
Jane Peters www.homejane.com's insight:
It IS cute, but long term....? Delete the scoop?
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Consider this one more sign that the housing market is heating up: Appraisers are putting higher values on homes again, allowing for more deals to go through.
Jane Peters www.homejane.com's insight:
Thank goodness, since almost everything is going at or over asking. Delete the scoop?
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Jane Peters www.homejane.com's insight:
Got drones! Delete the scoop?
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Home warranties are useful—but they have their limits.
Jane Peters www.homejane.com's insight:
In this competitive sellers' market I usually advise the buyers not to ask for a home warranty. Delete the scoop?
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Demand among homebuyers is so high in some parts of the country that builders are holding lotteries to decide who gets to purchase homes in their developments.
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It's come to this... Delete the scoop?
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