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The Average Mortgage Payment Is Declining. Here’s Why.

January 30, 2020 by Robby Oakes

According to a report that was recently published by the United States Census Bureau, the average mortgage payment has been dropping. According to the bureau, the average payment is just over $1,500 per month. This is shockingly close to the average cost of renting, which is just under $1,500 per month.

Filed Under: Mortgage Tagged With: Market Trends, Mortgage, Mortgage Rates

Case-Shiller Reports Growth In Home Prices In November

January 29, 2020 by Robby Oakes

Case-Shiller Home Price Indices reported that national growth of home prices rose by 0.30 percent in November. Analysts said that slim inventories of available homes boosted home prices. Whether or not home price growth continues gaining speed depends on variables including supplies of homes for sale, affordability and home-buyer confidence in the economy.

Filed Under: Market Outlook Tagged With: Case Shiller, Market Conditions, Market Trends

Eight Signs You’re Ready To Stop Renting And Buy A Home

January 28, 2020 by Robby Oakes

For many people, owning a home is seen as a rite of passage. At the same time, purchasing a home is expensive. As a result, many people end up renting for an extended period of time.

Filed Under: Real Estate Tagged With: Market Trends, New Home, Real Estate

10 US Cities With Highest Mortgage Denial Rates

January 10, 2020 by Robby Oakes

For many, owning property is seen as a rite of passage. At the same time, for most people, accomplishing this dream is largely dependent on the approval of a mortgage. For this reason, it is important for people to think carefully when deciding who to ask for a mortgage. Some cities have a higher mortgage approval rate than others.

Filed Under: Mortgage Tagged With: Market Conditions, Market Trends, Mortgage

What Is A Short Sale?

January 9, 2020 by Robby Oakes

Nobody enters into a mortgage assuming they are going to fall short on their payments; however, life happens and borrowers might need a way out. In serious situations, lenders may elect to foreclose on homeowners who are unable to make their mortgage payments. Fortunately, there might be another way out. This is called a short sale.

Filed Under: Real Estate Tagged With: Market Trends, Real Estate, Short Sale

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Robby Oakes


Robby Oakes

CIMG Managing  Director
NMLS# 91606

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