New Housing Trend: Buyers Staying Put for the Long Haul

By on Jan 12, 2014 in Colorado, Featured, Idaho, Local Talk, National, Seattle | 0 comments

Starter homes may not quite be a thing of the past, but more-and-more homeowners are opting to stay put for reasons ranging from the cost and hassle of moving to a desire to give their children a stable upbringing in a nice neighborhood. Besides the stability of child-rearing and avoiding the hassles of moving, there are other reasons more homeowners are staying the course these days. Many homeowners, whether they bought in the last few years or refinances, are locked into very favorable mortgage rates – and it’s hard to imagine they’ll stay that low forever. That means, of course, that the traditional model of trading up to a bigger home, for those with favorable mortgages, would come with additional cost beyond the purchase price. Which is another reason homeowners are tending to plant deep roots, according to research by the National Association of Realtors®. Paul Bishop, vice...

Survey:Home Ownership Extremely Important to Americans

By on Dec 4, 2013 in Colorado, Featured, Idaho, Local Talk, National, Seattle | 0 comments

Five years after the devastating housing crisis, adults still view home ownership in a positive way. A survey was taken by 1,000 adults. These were individuals from all over the country, and 88 percent believe that home ownership is very important. They believe it to be an integral part of living the American dream. However, 55 percent of individuals surveyed reported that if they couldn’t own a home they would not feel less successful. About 66 percent of adults surveyed say their opinion regarding home ownership has remained the same. Despite the fact that returning to a normalized housing market has been a slow process, the opinion of those surveyed hasn’t changed over the last five years. Studies show that renters much more likely to report an opinion change than homeowners. It’s true that the housing market took a major hit. It’s also true that over one million homes went into...

Study Shows Owning a Home is Still The American Dream

By on Oct 15, 2013 in Colorado, Featured, Idaho, Local Talk, National | 0 comments

Owning a home is still the American Dream.  Since the Great Recession of 2007, real estate professionals continue to speculate about how the housing bubble bursting will affect consumers’ consideration of homeownership as a vital aspect of the American Dream. After all, many people lost their primary investments when they found themselves out of position on primary and secondary mortgages. Others bit off more than they could chew financially by purchasing homes with the intention of “flipping” them for a profit, only to find they were saddled with one more extra property they could not sell even for the price they paid. The housing crisis left many consumers bitter and, at least temporarily, unable or hesitant to seek financing for real estate. However, a study by Harvard University’s Joint Center for Housing Studies indicates most Americans continue to prefer...

10 Tips to Winterize Your Home

By on Sep 20, 2013 in Featured, Idaho, Local Talk, National, Portland | 0 comments

In addition to having sweaters and mittens in your coat closet as you prepare for the cold months ahead, it is vital to winterize your home. Clean your gutters Remove leaves and other debris from your gutters by hand, scraper or spatula then rinse them out to allow freezing rain and melting snow to drain. Make sure that your pipes are not leaking or misaligned. Also, your gutters should drain water 10 feet away from the foundation of your house. Insulate your attic It is necessary to have at least 12 inches of insulation in your attic. Check the furnace Turn your furnace on now to make sure that it is working. If it has a bad odor that lingers, shut it down and have it inspected by a professional. Your furnace should be cleaned and tuned annually. Change the furnace filters monthly and toss out the dirty fiberglass filters. Keep your ducts in good condition Your ducts should be...

First American Exchange July Newsletter

By on Jul 18, 2013 in Idaho, Local Talk, National | 0 comments

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Report Finds Almost 1 Million Homes Regaining Positive Equity

By on Jun 21, 2013 in Featured, Idaho, Local Talk, National | 0 comments

  Positive equity is continuing to return to homes around the country. According to recent reports generated by CoreLogic, about 850,000 additional residential properties came back to this optimal state in the first quarter of this year. However, this isn’t the only surprising finding that was revealed by the report. The market now holds about 39 million mortgaged residential properties in positive equity at this time. Borrowers Gaining Positive Equity Again Positive equity is being regained by many borrowers, highlighting the overall improvements in the economy, especially in the housing market. Over the past year, 1.7 million headed in this direction. Now, economists are expecting the price increases in quite a few of the most quickly appreciating markets to have a moderating effect on the backed-up supply associated with negative equity that is on the downturn. As result,...