Most mortgaged metros in USA

images-22LawnStarter, a lawn care provider, put together data from the U.S. Census Bureau to showthe 14 metros with the highest percentage of homes with a mortgage. LawnStarter used Census Bureau data from the largest 100 metro areas in 2015 and compared the number of owner-occupied homes to owner-occupied homes with a mortgage in each metro.

14. Salt Lake City, Utah

Number of owner-occupied homes: 249,644
Number of owner-occupied homes with mortgage: 180,785
Percentage of owner-occupied homes with mortgage: 72.4%

13. Sacramento, California

Number of owner-occupied homes: 474,156
Number of owner-occupied homes with mortgage: 343,477
Percentage of owner-occupied homes with mortgage: 72.4%

12. Portland, Oregon

Number of owner-occupied homes: 550,790
Number of owner-occupied homes with mortgage: 399,066
Percentage of owner-occupied homes with mortgage: 72.4%

11. San Francisco, California

Number of owner-occupied homes: 903,500
Number of owner-occupied homes with mortgage: 656,117
Percentage of owner-occupied homes with mortgage: 72.6%

10. Virginia Beach-Norfolk-Newport News, Virginia

Number of owner-occupied homes: 388,768
Number of owner-occupied homes with mortgage: 283,044
Percentage of owner-occupied homes with mortgage: 72.8%

9. Indianapolis, Indiana

Number of owner-occupied homes: 484,654
Number of owner-occupied homes with mortgage: 352,902
Percentage of owner-occupied homes with mortgage: 72.8%

8. Seattle, Washington

Number of owner-occupied homes: 861,541
Number of owner-occupied homes with mortgage: 632,110
Percentage of owner-occupied homes with mortgage: 73.3%

7. Atlanta, Georgia

Number of owner-occupied homes: 1,248,726
Number of owner-occupied homes with mortgage: 919,180
Percentage of owner-occupied homes with mortgage: 73.6%

6. Provo-Orem, Utah

Number of owner-occupied homes: 106,725
Number of owner-occupied homes with mortgage: 78,739
Percentage of owner-occupied homes with mortgage: 73.7%

5. Colorado Springs, Colorado

Number of owner-occupied homes: 161,617
Number of owner-occupied homes with mortgage: 120,943
Percentage of owner-occupied homes with mortgage: 74.8%

4. Oxnard-Thousand Oaks-Ventura, California

Number of owner-occupied homes: 170,602
Number of owner-occupied homes with mortgage: 127,747
Percentage of owner-occupied homes with mortgage: 74.8%

3. Raleigh, North Carolina

Number of owner-occupied homes: 303,885
Number of owner-occupied homes with mortgage: 229,349
Percentage of owner-occupied homes with mortgage: 75.4%

2. Denver, Colorado

Number of owner-occupied homes: 677,167
Number of owner-occupied homes with mortgage: 515,339
Percentage of owner-occupied homes with mortgage: 76.1%

1. District of Columbia

Number of owner-occupied homes: 1,352,332
Number of owner-occupied homes with mortgage: 1,069,934
Percentage of owner-occupied homes with mortgage: 79.1%

Tips for buy a home

unduhan-34While this is great news for sellers or homeowners, the news isn’t as welcome to potential homebuyers.

While some news reports, like this one here, as well as online real estate listing services, such as Trulia, say now is a good time to buy a home, mortgage-wise, there are several other factors to consider before jumping into the housing market.

In other words, here’s why you should wait to buy a home.

Inventory also remains down as less than 450,000 new listings came on the market in September, while the median home price rose 9% from last year to $250,000, a new high for the month, according to the data from

In August, Lawrence Yun, the National Association of Realtors Chief Economist, said that without new housing construction, the housing recovery could stall.

Housing inventory declined annually for 15 consecutive months, and properties closed 11 days quicker than August last year, according to the Pending Home sales report by NAR.

These constraints keep home buyers out of the market, despite mortgage rates being at historical lows. Last week, the 30-year fixed rate mortgage decreased again to a 10-week low, according to Freddie Mac’s weekly survey.

This trend looks like it will continue not just in the fall, but even into 2017.

The trials that plagued the California housing market in 2016 aren’t expected to get too much better in 2017 as the real estate market is projected to face another year of supply shortages and affordability constraints, according to the “2017 California Housing Market Forecast” released by the California Association of Realtors.

And California isn’t the only hot market. HousingWire recently took a deeper look into Dallas’ housing market as we raised these questions: At what point does a booming market become an overheating one? Can we really pinpoint when San Francisco crossed the line? Has Dallas crossed it yet?

While it may not have crossed the line just yet, there is no doubt that affordability constraints continue to tighten in the city.

Nationally, home affordability is at its worst level in seven years, with 24% of the U.S. county housing markets less affordable than their historic affordability averages in the third quarter, the most recent ATTOM Data Solutions Home Affordability Index for third quarter 2016 recorded.

However, not all hope is lost. The most recent S&P CoreLogic Case-Shiller Indices results showed that household incomes are actually rising faster than home prices, leading some experts to believe the affordability crisis could be almost over.

Housing price bubble on the horizon

images-23Millennials are more likely than other generations to expect a price bubble and correction in the next two years with 60% of Millennials versus 47% of the total American population.

Prospective first-time homebuyers in particular are nervous about market instability – only 25% of these Millennial non-homeowners are confident that the 2008 housing crisis will not happen again in their lifetimes, according to the index.

With that said, 70% of Millennials still say the American Dream is alive and well, they just describe it different than previous generations. They prefer to own a home, but don’t want to be tied down.

In fact, 83% of Millennials claim that their definition of the American dream is “owning a home on my own terms while staying mobile, agile and financially secure.” About 81% of Millennials plan to live in their current home for less than five years.

The index shows that 76% of non-homeowners want to buy a home, however only 38% are confident they can afford a down payment.

And it’s no wonder. In some areas, the lack of affordable housing is making it much more difficult for students to continue in their career, much less buy a home after they graduate.

Student loan debt is playing its biggest role in the mortgage process yet, and it doesn’t look like it’s changing anytime soon. After all, many Millennials have yet to finish college, and the tail end of the generation is barely 18.

But some experts say that while student debt has a bigger role, it’s not necessarily the worst thing to ever happen to housing. Here’s why.

Either way, like it or not, Millennials are currently the largest generation, and the future of housing. According to Freddie Mac, they are the key to improving the homeownership rate.

The 4 Most Unanswered Questions about Houses

Consider House Buying Companies When Selling Your House Fast

If you need to sell your house fast, there are many ways that you can do it. There are actually a lot of ways that people have thought of in order to sell their house fast.

There are many things that you can do so that you can sell your house fast. Hiring the services of a real estate agent can help as well as putting your house in online listings, putting them up in classified ads listing, opening your house to the public, and some other ways. It may be difficult to find a buyer who is willing to purchase your home within your time line even though you have put great efforts in advertising it in the ways given above. Yes, you might have given all your efforts in marketing your home the best way you can but these efforts bring no such guarantees.

If you want to sell your house fast, then the way to go is not by looking for prospective buyers in the market. To be able to sell your house fast the best way is by looking for a house buying company that buys houses as is for cash.

Many people have not yet trusted those house buying companies that buys houses as is for direct cash. Because of their lack of knowledge about cash home buyers, many have not considered that option. Some looks at them as exploiting the needs of those who are desperate to have their homes sold fast because of an urgent need.

The house buying companies are legal and legitimate companies and people who wish to sell their homes fast can benefit from the cash down policy of these companies. When you sell your house to a house buying company, it is very easy to earn cash on your home, and it will save you all the hassle of marketing your home everywhere.

These house buying companies are actually services companies who do their work on strong ethical grounds. The best way to have peace of mind when dealing with house buying companies is to get referrals and references and talk to people who have dealt with the company so that you can be assured that they mean no harm but only to help those in need.

If you are dealing with a legitimate house buying company then they will make sure that you are satisfied with the cash deal on your house.

Making a wise decision on whether to sell your house fast to a house buying company or not also needs some considerations. If you need to contact a house buying company, make sure that your circumstances fall under any of these: need to sell fast, need to transfer fast, need cash, need to acquire the desired price.


Discovering The Truth About Properties

Some Secrets in Selling Your Home

It is a confusing process to be dealing with how to sell the house. It is imperative that you know how you should market the house so that the other interested people will get a good idea about the property that you have up for sale. You should also get to know more about the closing and recording. But, one part of selling that most folks don’t think much about is financing.

You must know that this is how the deal is being accomplished. You cannot close the deal when the buyer doesn’t have adequate funds. In the crazy real estate market, where every person is wondering whether it is entering or recovering another bubble. If the housing gets better, will the mortgage lending become easier or harder?

The least known option but a really powerful selling technique is the lease option. Such is also called rent-to-own. The lease option is on looking for a good buyer or tenant which likes to buy your house, but for some reason doesn’t just get qualified right now. This can be due to the reason that there is a strain on the credit crom the current crash or the lender needs more down payment.

These are folks who want to buy and have the income to support buying the property and just need more time to get financing ducks. There is a huge market and this is what you should know. The number of people in this category is quite big. About eighty percent of people who like to purchase and can afford to do this just can’t be approved right now.

So that you can sell your home fast in the market, on your own, and net the whole purchase price, the method can be a fantastic solution. The buyers are there and when you can wait for a year to be crashed out, this can get you out from under the payments and have the best price.

If you are worried about becoming a landlord, you don’t have to. You should know that selling with the lease option can surely attract buyers who are happy to make a purchase and not only serial renters. There is a big difference in them since the renter just likes a place to live for a certain period of time and transfer. They are not going to clean up and they also don’t care about the repairs and will just leave the house anytime.

If you are going to deal with the buyers, you will have a great family who likes to purchase your property. The buyer is not going to move from place to place but one is going to deal with the repairs too and keep the place very clean and guarantee that the payments are made on time since they don’t want to lose their option.

Source: Tips for how to get rid of your home

What Research About Services Can Teach You

The Things You Need To Know About Building Inspections Inspecting a building is important because this is what will ensure the safety of the people who will be working inside the commercial building or living inside the residential building. You cannot just ask anybody to inspect an establishment because they need to be authorized in some way and that is why most cities have private companies that do inspection and there are also official departments created for this very reason. There are so many things involved when you get a building done and the inspection would be able to assist you in the future when you will be applying for a fence permit, sign permit, and building permit. There are certain building designs that are not really good and could pose a threat to those who will be using the building and that is why inspections should be done to ensure everyone is safe. Inspections will help people have peace of mind knowing that the building they are living in or working in has a sturdy structure and will not put them in any harm. People who require the services of an inspector will have a lot of questions about the whole process and this is why inspectors are highly trained on the matter so that they can answer whatever question is thrown their way. Building safety and compliance code are the two things that are in the minds of the building inspector because this will ensure that nobody gets harmed and no property will be damaged. These inspectors will cover every inch of the establishment, from the roof, sidings, walls, windows and down to the swimming pool and fences to ensure that everything is in good condition due to proper maintenance. Off hour inspections, time extension for building permits, inspections for police and fire permit, pre-application inspections, and residential energy conservation ordinance inspection required for altering projects are a few of the other tasks shouldered by the building inspector. Building inspections are said to be one of the most hi-tech procedures done today. Back in the day, when you have to process papers involved in the building of your establishment, you are going to have to manually drive to the offices where you can get them, but today, all you need to do is visit the websites of certain offices and you can get everything process in no time and you don’t even have to leave your house. The plumbing and electrical system in the establishment tend to be the ricky parts and the one that would need more money involved, however, due to the advancements in technology, these things can now be done while saving money. The real essence of the process of inspecting a building is to make sure that each part of it is sturdy enough to hold up everything inside and that there will never be an issue of it breaking apart and causing harm on the people inside.The Best Advice on Inspectors I’ve found

Why No One Talks About Services Anymore

5 Takeaways That I Learned About Options

Selling Your House like a Pro Selling your houses is very important to you because it is your business. If you will check around, you will realize that there are certainly a lot of companies doing the same thing. You will never go wrong if you find some tips on how to market your products. You can never just stay at your office and wait for the clients to come. If some are coming, you are not sure if they will be more to come tomorrow. You will surely find some blogs and books that have something to do with selling houses. It is just important for you to think about knowing the basic and complex mechanics which some housing sellers use and those things are written on the books they publish and blogs that they have made. It is just wonderful for you to get important tips from those literature and you will certainly love to apply those things in the actual. You expect that people want to get new houses so it is important to sell them well because of their great values. If you will be selling used houses, you need to be sure that you improved some of its parts. If you want to be sure about the kind of house that your community members want to avail, you must have done a survey beforehand. If you have been aware that they like to get apartments, you need to provide it because many will surely get your products. It is also important for you to think about selling apartments if you think that it is what most of the people in the community look forward to have. On the other hand, if the survey tells that selling condo unit is what you have to do, you really need to construct them.
What You Should Know About Homes This Year
Since you want to be connected to your market, making an initiative to conduct trade fair is what you need to do this time. Beyond that, you can give your business cards to them so that they can call you anytime of the day. If people found that your houses are what they need, you do not have to advertise them because they will be the ones to look for your company and avail the products as soon as possible. It is also essential for you to think about looking for agents who can work with you to look for prospect buyers. If you have an agent who knows how to market your houses, you can motivate him to keep going.
What You Should Know About Homes This Year
It is very important for you to think about getting the right experienced agent because he will deliver later on in marketing your products. Just sell the houses using the right strategies and you will reap your harvest.

Houses: 10 Mistakes that Most People Make

Things To Do In Order To Properly Sell Your House There are people who have financial problems and selling their house is one of the best way that they could think of in order to come up with the money that they need as soon as possible, that is why it is important that they should know how to sell their house in a short amount of time. There are a lot of people who would want to have no problems in the property that they are going to buy that is why it would be great if you could fix all the problems that people might have in your property as it would surely be able to hasten the transaction if there would not be any problems that can be found. Selling a beautiful home would not take you a lot of time as there would be a lot of people who would love living in there that is why it would be best if you could make a lot of renovations that would improve the image of your home and to be able to fix the damages that would be seen so that there would not be any kind of problems if the buyers would want to see your home. There are also a lot of people or specialists that you could go to in order for you to be able to sell your property a lot easier, there are a lot of real estate agents that would be able to make you sell your home in a short amount of time and you would also be able to have no problems in selling your home as they would be knowledgeable on all of the things that needs to be taken care of when you are selling a property. It is important that you should be able to find a proper deal for the property that you are selling so that it would not cause a lot of problem to you and would also not take up a lot of your time in looking for ways to sell your property.

Short Course on Sales – Covering The Basics

Getting Creative With Properties Advice

Sales – My Most Valuable Tips

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Smart Ideas: Rentals Revisited
These apartments have excellent provisions for maintained outdoor living spaces. There’s sufficient park area and a broad range of gardens with great views and great relaxing atmosphere. The Whole Park One Landscaping design has been executed in a superior way.
Why not learn more about Rentals?
Security is also well covered in these apartments. An example of an important security provision is intercom access which ensures that anyone coming to your apartment is seen and heard prior to being granted entry. There’s also sufficient security for basement parking and storage. You can raise a family here because there are some great schools for kids. There are several high-status schools, and keep in mind that Macquarie Park University, which is world class, is also located here. When you live within Park One, you’re guaranteed of access to all Sydney’s natural recreational areas. For instance, there’s Lane Cove National Park within close proximity to where you live, and which is ideal for a day out for you and your family. There’s a lot of fun activities you can enjoy at the park, including watching birds, historic site exploration, and picnic sites. There’s also the heritage walk for the enthusiasts of multi-day hiking, which offers outstanding views across Sydney. May be you’re new here, but you’ll never feel lonely, thanks to the flourishing community next door. There may still be new Park One apartments, but the community has been there for a while, meaning that you’ll find new friends to make very easily upon settling in. Park One Sydney apartments stand out in their design as well as their location and the class of lifestyle they provide for you and your family. Now, what you can do is pick out a unit that satisfies your particular preferences, for example, a one, two, or three-bedroom apartment.

Where To Start with Options and More

How You Can Find The Right Real Estate Agent? It may be hard to know the best real estate agent who can help you to find what you need and want if you are about to buy a house. Given that fact, it will be wise to know some important factors when hiring one. Tip number 1. Experience in the industry – yes, there is no rule saying that you must not work with a realtor who has entered the industry recently, those who’ve been in this market for a long time can give you several benefits. Just knowing that they have survived in this business for long is already a proven testimony that they are skillful and can deliver high level of customer satisfaction. Tip number 2. Local agent – working with local agents have its benefits that you could not even imagine. To start with, they will enlist the best properties that are for sale in your region. They possess inherent market knowledge and at the same time, can help home buyers find property that fit their needs. Also, they are aware of the price mechanism better than agents who operate from remote locations.
A Simple Plan For Researching Properties
Tip number 3. License – the Real Estate Commission is the one responsible for the issuance of license to brokers and real estate salespersons. These licenses are being issued after the agents have passed the exam and has met the minimum eligibility criteria. In simpler terms, this significantly helps in separating the professional agents to those engaged in fly-by-night operations. By asking for your prospective agent’s license can help you determine whether he/she is the right person for the job or not.
The Key Elements of Great Sales
Tip number 4. Online presence – you may not believe it, the internet plays a major factor with the selling and buying of properties. It also helps in research process and lets buyers to shortlist properties in line with their specific preferences as well. And buyers can save money as well from miles of traveling and making unnecessary expenses in reviewing the property basics they wish to buy. The agent you’ve chosen must have strong online presence and also, should list fresh properties regularly on their site. Tip number 5. Consider looking at their listing – before you even start discussing things with your prospective agent, it is your job to check out the listings they have. Search the listings on an aggregator site as it can greatly help you compare listings of your prospective agent and to their competitors as soon as you have seen the listings. Just follow these tips and you are sure to find the best real estate agent.

Lessons Learned from Years with Properties

Reasons Why You Should Use The Services Of A House Buying Firm There are numerous house buying companies that you can choose from. In addition, these organizations will most likely buy your property as it is, which means that you will not need to do any repair. Thus, while you might think that there are many repair activities that you have to do before selling your house, that is not the case as the firm that you will sell your house to will take care of all the needed repairs. Since there are numerous firms that specialize in buying houses; it is essential that you find the one that will satisfy you. The first consideration when looking for an organization that will purchase your house is location. It is recommended that you choose an organization that is within your locality. Also, there are some large firms that prefer to use the services of third party companies that will carry out the business transaction on their beak. That means that you should not accept to work with a person that you are not familiar with or one that uses a different organization’s name so as to avoid further problems. Remember that local firms are well knowledgeable in the local market and hence can offer you more money. Be careful of house buying organizations that seem to want to purchase your house, but they have other different agendas. Hence, make sure that you ask as many questions to your house buyer so that you can determine if in deed he is the one that will buy your house or it is someone else. Therefore, ensure that you take the necessary measures when searching for a house buying organization. Thus, it is very significant that you ensure that you are communicating with a firm that will actually be the one that will purchase your property. Also, it is best that you ask your potential buyer whether he is the one that will actually purchase your property.
Questions About Properties You Must Know the Answers To
Moreover, ensure that you ask for references as well as testimonials. Moreover, if the firm that you are investigating is not ready to give its testimonials then that is an indication that they are hiding something from you, hence it is not a good choice for you. If the firm that you are investigation lacks any or even sufficient testimonials then ensure that you remove it from your list of potential house buying organizations. Also, you can talk to them personally ask about the attitude of the employees of your potential organization as well as the duration that the professionals took to sell their home. The purpose of the references is to assist you to comprehend how the transactions of the previous customers were done. Ensure that you are not scared to inquire for testimonials.What Research About Houses Can Teach You

A Quick Overlook of Sales – Your Cheatsheet

Tips To Help You Sell Your House Fast It’s almost everyone’s dream to sell their house fast and at a high price as well. What’s unfortunate here is that, it is not always that easy to sell a house because there are instances to which it takes months or years before being able to find the right buyer and getting to a deal. It doesn’t mean that you couldn’t sell it fast and at a good price while it is difficult to sell a house. You can actually get a great deal of the transaction if you can make yourself aware of some useful tips for the process. Prepare your house for sale – keep in mind that there’s no buyer who will be interested to buy a mediocre house. And with this being said, you should be sure that your house is always in good condition. Among the things that you have to take into account is keeping it spotless. Give all parts of your house thorough cleaning and if necessary, it will be ideal to hire a professional residential cleaning company.
Questions About Houses You Must Know the Answers To
Aside from giving attention to your home’s interior, you have to consider the exterior part as well. Mowing the lawn is one simple way of giving life to the exterior part of the house. Not only that, you can consider planting or placing flowers at strategic areas of the house.
5 Key Takeaways on the Road to Dominating Sales
Hire a realtor to help you sell the house – as soon as the house is in a presentable condition and you do not want to take the hard way of advertising it, then consider working with a realtor. When looking for a realtor, look for the one who’s been in the industry for quite a long time as he or she has better understanding of the ins and outs of the real estate market. What’s more, he/she knows people who are really serious and interested to buy your house. And in addition to getting professional help to sell your house fast, your realtor can guide you on areas that you ought to remove, fix or clean. This is to improve the appeal of your house and to make it more attractive to the eyes of buyers. Sell it to a real estate investor – there are many real estate investors that you can find today in the market who buy houses, renovate them and sell them later on. Most of the investors is going to visit your house, do inspections of it and analyze it to know its real worth. Apart from that, they are going to identify areas that should be renovated and/or repaired. A real estate investor is your best bet to sell your house fast if you’re in urgent need of getting immediate cash.

Where To Start with Sales and More

Advantages of House Auction Sales

There are a lot of benefits in auctions sales both to people ready to give up their home or to people looking for a new home. Because house auctions sales have a lot of benefits, there are a lot of these sales going on today. There are many more benefits of house auction sales but we will give you three of the best benefits you can attain if you want to sell or if you want to buy a house at these auctions.

If you are planning on selling your property, the number one benefit that selling it in a house auction sale is that you can be assured that the people there are buyers who are prepared to buy a property. This saves the property sellers time because all his or her potential clients are already there in one place. Buyers will benefit from house auctions because they know that the people there are really going to sell their properties. Sometimes when you talk with someone and make a deal to buy his or her home, the seller can back out on the deal whereas with the house auctions sellers, this cannot happen. However, with house auction sales, you can be assured that the people there are committed on selling their property.

Another thing that is beneficial for both parties, the buyers and the sellers, is that the starting price range of the house action will be set on the property’s true market value. So if you are the seller, then you can be assured that your property is going to be sold either at the price of the market value or higher than the market value, depending on the auction process. Buyers can ease off because the starting rates are usually not that expensive. For both parties, the true market value start off is what benefits them both.

When you are at a house auction sale, you will not only have one choice of property but many. This is especially beneficial for the buyer because he or she can pick on what property they really want to buy, and will therefore try to win the auction for that property. Property sellers will also benefit from this because they will have many, many potential clients who are committed in buying a property.

You, your friends or your family members can benefit a lot if you are planning to buy a property or to sell a property at a house auction sale. You can look up house auction sales that are happening hear you and go and avail of all the benefits today because it is really the easiest way!

Source: live auction