Realtor Santiago

First Time Home Buyers Critical to Housing Recovery

We’ve been hearing about real estate drives our economy by employing at least forty other job categories with each transaction. Until recently, this was depressed by the number of home auctions, real estate owned properties sold by banks (“REOs”), short sales and then the all-cash investors who bought as much inventory at depressed prices as …

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Steady as She Goes…

Housingwire reports that homeowner equity is now at its highest level since the first quarter of 2008. Additionally annual home prices increased to the highest level since the housing bubble burst in 2006.This is great news for many who have been underwater. With more homes attaining greater equity, more homeowners will be able to sell their homes …

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Who’s Buying Up What Little Housing Inventory We Have?

We’ve seen the main causes of the inventory shortage we are currently experiencing, but now the question is: who is doing all the buying? It is certainly not the same mix of people who were buying over the past five years! First-time home buyers usually cannot make so many all-cash offers. Borrowers using FHA-guaranteed loans …

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