![VA Home Loans by the Numbers [INFOGRAPHIC]](http://chucknorsch.com/wp-content/uploads/2018/11/20181109-Share-STM.jpg)
by Chuck Norsch | Nov 9, 2018 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to...
by Chuck Norsch | Nov 8, 2018 | Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy
Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a...
by Chuck Norsch | Nov 8, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Labor Data, Elections Play Tug-of-War With Mortgage Rates Overview: Over the past week, stronger than expected labor market data was negative for mortgage rates, while the election results were positive. The net result was that mortgage rates ended the week slightly...
by Chuck Norsch | Nov 7, 2018 | For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last...
by Chuck Norsch | Nov 6, 2018 | First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction
The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5...
by Chuck Norsch | Nov 5, 2018 | Mid America Mortgage, Inc, Mortgage Lending, Real Estate Market
Pending home sales increased 0.5 percent in September with substantial gains in both the West and Midwest regions, according to the latest information from the National Association of Realtors (NAR). The Pending Home Sales Index (PHSI), a forward looking indicator...
![The Difference an Hour Will Make This Fall [INFOGRAPHIC]](http://chucknorsch.com/wp-content/uploads/2018/11/20181102-Share-STM.jpg)
by Chuck Norsch | Nov 2, 2018 | For Buyers, For Sellers, Housing Market Updates, Infographics
Every Hour in the US Housing Market: 596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up...
by Chuck Norsch | Nov 1, 2018 | For Buyers, For Sellers, Housing Market Updates
There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources: Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the...
by Chuck Norsch | Oct 31, 2018 | First Time Home Buyers, For Buyers
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it...
by Chuck Norsch | Oct 30, 2018 | Down Payments, First Time Home Buyers, For Buyers, Rent vs. Buy
Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the...
