Is Qualifying for a Mortgage Getting Easier? | Keeping Current Matters

There has been a lot of talk about how difficult it is to get a home mortgage in today’s lending environment. However, three recent reports have revealed that lending standards are beginning to ease. This is great news for both first time buyers and current homeowners looking to move or buy a second vacation/retirement home. Let’s look at the three reports:

The MBA’s Mortgage Credit Availability Index

This index, issued by the Mortgage Bankers’ Association, measures the availability of credit available in the home mortgage market. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of a loosening of credit. We can see that the index has been increasing nicely this year:

Fannie…

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DONGAN HILLS COLONY...

This October 2015 there were  06 homes sold in Dongan Hills Colony.The hieghest selling price was $860,000,while the lowest selling price was $615,000.

Here are  the address of homes sold in Dongan Hills Colony this October:

  1. 54 Dellwood Road
  2. 37 Rochelle Street 
  3. 56 Chapin Avenue 2
  4. 126 Chapin Avenue 
  5. 66 Greenport Street
  6. 10 Francis Place
 

As of today, November 3rd 2015, there are 17 active properties in Dongan Hills Colony.The Highest listing price of these properties is $1,488,888,while the lowest is $459,000.

Here is a list of all the address of the active listings in Dongan Hills Colony:

  1. 224 Dutchess Avenue
  2. 6 Overlook Avenue
  3. 139 Overlook Avnue
  4. 49 Ridge Avenue
  5. 63 Overlook…

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DONGAN HILLS....

This October 2015 there were  07 homes sold in Dongan Hills.The hieghest selling price was $519,000,while the lowest selling price was $390,000.

Here are  the address of  homes sold in Dongan Hills this October:

  1. 85 Stobe Avenue
  2. 18 Jefferson
  3. 228 Stobe Avenue
  4. 191 Benton Avenue
  5. 464 Dongan Hills Avenue
  6. 298 Slater Boulevard 
  7. 350 Cromwell Avenue

As of today, November 3rd 2015, there are 26 active properties in Dongan Hills.The Highest listing price of these properties is $1,099,000,while the lowest is $99,900.

Here is a list of all the address of the active listings in Dongan Hills:

  1. 1829 Richmiond Road
  2. 36 Rome Avenue
  3. 278 Alter Avenue
  4. 213-209 Liberty Avenue
  5. 215 Raritan Avenue A
  6. 215…

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CLOVE LAKE...

This October 2015 there were  02 homes sold in Clove Lake.The highest selling price was $330,000,while the lowest selling price was $175,000.

Here are  the address of two homes sold in Clove Lake this October:

  1. 1000 Clove Road 7r
  2. 1100 Clove Road 5-E

As of today, November 3rd 2015, there are 05 active properties in Clove Lake.The Highest listing price of these properties is $789,000,while the lowest is $65,000.

Here is a list of all the address of the active listings in Clove Lake:

  1. 1000 Clove Road 2f
  2. 1000 Clove Road 6b
  3. 1100 Clove Road 3o
  4. 1173 Clove Road 
  5. 60 Greenway Drive
SUNNYSIDE...

This October 2015 only 01  home sold in Sunnyside.The  selling price was $335,000.

Here is  the…

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BULLS HEAD...

This October 2015 there were 09 homes sold in Bulls Head.The hieghest selling price was $525,000,while the lowest selling price was $280,000.

Here is a list of all the address sold in Bulls Head this October:

  1. 38 Jenniher Place
  2. 261 Lander Avenue
  3. 23 Leigh Avenue
  4. 49 Leigh Avenue
  5. 64 Lamberts Lane
  6. 21 Morgan Lane
  7. 20 Danny Court
  8.  58 Goller Place
  9. 55 Summer Avenue

As of today, November 3rd 2015, there are 14 active properties in Bulls Head.The Highest listing price of these properties is $649,900,while the lowest is $299,000.

Here is a list of all the address of the active listings in Bulls Head:

  1. 56 Holiday Way
  2. 118 Parkview Loop 
  3. 225 Signs Road K
  4. 72 Debbie Street #B
  5. 373 Signs Road F 
    6. …

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BAY TERRACE...

  This October 2015 there were 5  homes sold in Bay Terrace. The highest selling price was $515,000, while the lowest selling price was $235,000.   Here is a list of all the addresses sold in Bay Terrace this October:
1. 149 Twombly Avenue 2.11 Ainsworth Avenue 3.96 Cranford Street 4.60 Nancy Court 5.22a Francine Court

As of today, November  3rd, 2015, there are 08  active properties in Bay Terrace. The highest listing price of these properties is $799,999, while the lowest is $244,888.

Here is a list of all the addresses of the active listings in Bay Terrace:

  1. 160 Timber Ridge Drive
  2. 220 Timber Ridge Drive
  3. 272 Timber Ridge Drive
  4. 268 Timber Ridge Drrive
  5. 125 Woodcutters…

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This October 2015 there were 17 homes sold in Annadale.The hieghest selling price was $705,000,while the lowest selling price was $315,000.

Here is a list of all the address sold in Annadale this October:

1.163 Stafford Avenue
2.766 Woodrow Road
3.119 Kenilworth Avenue
4.64 Tenafly Place
5.24 N Railroad Street
6.11 Rae Avenue
7.282 Stafford Avenue
8.24 Monterey Avenue
9.76 Shotwell Avenue
10.25 Forrestal Avenue
11.84 Gary Street
12.34 Ibsen Avenue
13.28 Cheryl Avenue
14.94 Ladd Avenue
15.497 Arden Avenue
16.15 Challenger Drive
17.30 Regina Lane

As of today, November 3rd 2015, there are 43 active properties in Annadale.The Highest listing price of these properties is $1,200,000,while the lowest is $319,000.

Here is a list of all the address of the…

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Economic Impact of Every Home Sold [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Every time a home is sold, the surrounding economy feels a boost.
  • Different industries and businesses benefit at each stage of the process of moving into a home!
  • Hawaii leads the way with a $177,000 boost to the local economy.

If you're curious about your home's market value, use our free Comparative Market Analysis tool! You'll get an instant home evaluation and even a free in-person assessment provided by one of our agents at your leisure.

Thanks to our friends at KCM for the awesome market information!

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Pending Home Sales Remain Steady | Keeping Current Matters

The National Association of REALTORS’ just released the results of their latest Pending Home Sales Index, which showed a small 1.4% decline in signed contracts in August. Pending sales remain strong year-over-year as they were 6.1% higher than August ’14 and have now risen for 12 consecutive months. 

What is the Pending Home Sales Index (PHSI)?

NAR’s PHSI is “a forward-looking indicator based on contract signings”. The higher the Pending Home Sales Index number, the more contracts have been signed by buyers that will soon translate to sales.

In every major region of the country, pending sales are up year-over-year as shown by the graph below:

What does this mean for the market?

Lawrence Yun, Chief Economist for NAR explained:

…

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Is it Time to Downsize your Home? | Keeping Current Matters

A recent study by Edelman Berland revealed that of homeowners who are contemplating selling their house in the near future 33% plan to scale down. Let’s look at a few reasons why that would make sense to many Americans.

In a recent blog post, Dave Ramsey, the financial guru, discussed the advantages of selling your current house and downsizing into a smaller home that better serves your current needs. Ramsey explains three potential financial advantages to downsizing:

  1. A smaller home means less space, but it also means less time, stress and money spent on upkeep
  2. Let’s assume you save $500 a month on your mortgage payment. In 30 years, you could have an additional $1–1.6 million in the bank to get you through your golden years.
  3. Use the…

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