Tuesday, August 22, 2017

93.9% Of Homes In The US Have Positive Equity

CoreLogic’s latest Equity Report revealed that ninety-one thousand residential properties regained equity in the First Quarter of 2017. The outlook for 2017 remains positive as well, as an additional 600 thousand properties will regain equity if home prices rise another 5% this year.

The study also revealed that:

  • Roughly 63% of all homeowners have seen their equity increase since Quarter 1 in 2016
  • The average homeowner gained about $14,000 in equity between Quarter 1 in 2016 and Quarter 1 in 2017
  • Only 1.6% of residential properties are near-negative equity
Below is a map showing the percentage of homes with a mortgage, in each state, that have positive equity. (The states in gray have insufficient data to report.)

Story taken from "Keeping Current Matters", to read the rest of the story click here.

Saturday, August 19, 2017

Be Careful Not To Get Caught In The Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.
Don’t Become Trapped 
A recent article by ConsumerAffairs addressed the continuous rise in rents, stating:
“The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.”

It’s Cheaper to Buy Than Rent 

As we have previously mentioned, the results of the latest Rent vs. Buy Report from Trulia shows that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

Know Your Options

Perhaps you have already saved enough to buy your first home. A nationwide survey of about 24,000 renters found that 80% of millennial renters plan to eventually buy a house, but 72% cite affordability as their primary obstacle. Aside from affordability, one in three millennial renters have concerns about their credit scores, and another 53% said that a down payment is an obstacle.
Many first-time homebuyers who believe that they need a large down payment may be holding themselves back from their dream homes. As we have reported before, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!

Story taken from "Keeping Current Matters", to read more click here.

Friday, August 18, 2017

Centrally Located Condo

3 bed 2.5 bath condo in mature community with in ground pool, located at 1111 N. Imperial Ln in Boise. Close to Towne Square Mall, centrally located in the valley. Includes living and family rooms, large master, maple storage. New HVAC, windows, lavatones, flooring & paint.

You can also learn more about us at lowesflatfee.com.  

Saturday, August 12, 2017

Newer Rancher on 4.8 Acres

Newer custom rancher on 4.8 acres in desirable neighborhood located at 18942 N. Ella Road in Rathdrum of high-end homes. Plan features vaulted great room, kitchen with large island and breakfast nook, master suite with garden tub and his/her walk-in closets. Upgrades include hickory cabinets, quartz/granite countertops, wood wrapped windows, Lopi woodstove, A/C, super soft Karastan carpeting and green/healthy home building components. Plenty of storage with a 30x40 extra tall shop with RV doors and additional outside RV parking area.

You can also learn more about us at lowesflatfee.com.  

40 Acres!

Great 40 acre farm located at 2366 North 2000 East in Twin Falls. 4 bedroom 2 bath home.  Has a barn, equipment shed, and shop. Who can pass that up?

You can also learn more about us at lowesflatfee.com.  

Friday, August 11, 2017

Craftsman Style Rancher

This 1568 sq ft Craftsman Style Rancher located at 7641 N. Goodwater Loop, was built in 2013. It features 3 bedrooms, 2 baths, large kitchen with granite counters, large island, full tile back splash & pantry. All SS Frigidaire appliances. Master Suite has double vanity sinks, walk in shower & dual walk in closets. Fully fenced easy maintenance yard with underground sprinklers & drip irrigation to all landscaping, flower garden raised beds, raspberry bushes & asparagus bed. Aggregate front porch, side walk & back yard patio. Back yard patio also includes a Hot Springs hot tub, gas BBQ hook-up and very important afternoon shade.

You can also learn more about us at lowesflatfee.com.  

Blackfoot Home For Sale

Beautiful Blackfoot home for sale located at 178 S. 1050 W.  Has nice shop with mature landscaping. 5 bedrooms and 3 bath in the Snake River School District.

You can also learn more about us at lowesflatfee.com.