If you are still on the fence about renting vs. owning debate, a new study shows buying a home is still a cheaper option than renting in Ohio. According to the latest Rent vs. Buy Report from Truila, a traditional 30-year fixed rate mortgage remains a cheaper option than renting in Ohio and 38 other states.
Read more →
It’s no secret that there’s a shortage of available homes for sale in today’s real estate market. But the reasons behind the shortage are a little less obvious. Some experts believe the low inventory is a result of several factors, among which include homeowners still struggling with low equity as a result of the Great Recession. However, there are some experts that are looking at a particular generation that’s causing a clog in the inventory pipeline: Baby Boomers.
Read more →
More people applied for mortgages to purchase newly built homes in July than they did a year ago, according to data from a recent industry survey. The Mortgage Bankers Association (MBA) Builder Applications Survey (BAS) for July 2017 revealed a 5.1 percent increase in mortgage applications for new home purchases compared to a year ago. Since June 2017, applications decreased by 12 percent. According to the MBA, these changes reflect figures that are not adjusted for typical seasonal patterns.
Read more →
Equal Housing Lender | © 2024 Schmidt Mortgage Company / Click n’ Close Inc.
