What’s Feeding the Affordability Perception?

Affording a mortgage payment is possible for many prospective homeowners. Why then, by all accounts, is un-affordability plaguing the market? Why is the perception of affordability so negative? Researchers at Freddie Mac offered several answers to that question in its latest Insight, the first one being perception. Homebuyers struggling to find reasonably-priced listings perceive the housing market in general as unaffordable — a reasonable conclusion, if their only options to date have been out-of-reach stock. Secondly, the high likelihood for competition (i.e., bidding wars) is off-putting, both for first-time homebuyers and for sellers re-entering the market. The latter’s hesitation is… Read More

4 Reasons To Buy A Home This Fall

Here are four great reasons to consider buying a home today, instead of waiting. 1. Home Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have hovered around 4%…. Read More

Shopping For Your Dream Home? Wants vs Needs

Are you shopping for your dream home? In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. Making a list of wants vs needs before you go online or speak with your Realtor will save you a lot of time and possible disappointment. Ready to start shopping now?  Start here: Affordable Homes in San Antonio If you’ve been thinking about buying a home of your own for some time now, you’ve probably have already come up with a list of things… Read More

9255 Ridge Breeze, San Antonio, TX 78250

9255 Ridge Breeze, San Antonio, TX Get Directions Click Here Description Photos Maps & Local Schools Print Brochure Our Reviews $ Click for current price 3 BEDROOMS | 2 (2 full ) BATHROOMS | 1075 SQUARE FEET First time home buyer? Need to downsize? Starting a family? This home is for you! Why rent when you can own much cheaper? Located in the quiet established neighborhood of Ridge Creek. Adorable and affordable. Open concept floor plan w/tons of natural light streaming thru french doors leading out to a cozy deck and spacious backyard. Wood laminate in living, dining, bedrooms &… Read More

Do You Know Your Current Home Value?

Do you know your current home value? You might be surprised with how much equity you actually have. The latest edition of CoreLogic’s Home Price Index shows that nationally, home prices have appreciated 6.7% over the last year and 0.9% month-over-month. The release of the report included this headline, “National Home Prices Now 50% Above March 2011 Bottom” The real estate market has come a long way since 2011, which is great news for homeowners! Nearly 79% of homeowners with a mortgage in the US now have significant equity in their homes (defined as over 20%), according to the latest… Read More

Empty Nesters: Best To Remodel Or Time To Sell?

Attention Empty Nesters: Your children have finally moved out and you and your spouse now live alone in a four-bedroom colonial (or a similar type of house). You have two choices to make: Remodel your house to fit your current lifestyle and needs Sell your house and purchase the perfect home Based on the record of dollars spent on remodeling and renovations, it appears that many homeowners are deciding on number one. But, is that the best long-term solution? If you currently live in a 3-4-bedroom home, you probably bought it at a time when your children were the major… Read More

Number Of Buyers Putting Down Less Than 10% Hits 7-Year High

More and more buyers are choosing to put down less than 10%. According to Black Knight Financial Service’s Mortgage Monitor Report, 1.5 million Americans have purchased homes with down payments under 10% over the last 12 months. This is great news for buyers as this marks a 7-year high. Many mortgage programs offered by agencies like Freddie Mac and Fannie Mae allow buyers to put down as low as 3.5% to purchase their dream homes. The strength of the housing market has aided buyers who used low-down-payment programs to buy. As a recent CNBC article points out, “Defaults on recent… Read More

52% Of Approved Mortgage Loans Have A FICO® Score Under 750

Don’t automatically disqualify yourself from purchasing a home just because your credit score is under 750. Over half of the approved mortgage loans in July alone had a FICO score under 750. The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market. One such study by the Wharton School of Business at the University of Pennsylvania revealed that many millennials have not yet considered purchasing homes simply because they don’t believe they can qualify for a mortgage. A recent article about millennials by Realtor.com explained that: “About… Read More

25606 Broad Oak Trl, San Antonio, TX 78255

25606 Broad Oak Trail, San Antonio, TX Get Directions Click Here Description Photos Maps & Local Schools Print Brochure Our Reviews $ Click for current price 4 BEDROOMS | 3 (3 full ) BATHROOMS | 2204 SQUARE FEET Don’t let looks deceive you, this house is HUGE! Country charm w/Texas theme throughout. Custom kitchen cabinets, fresh paint, new carpet in bedrms & updated master bath. Spacious living area opens up to island kitchen w/double ovens, warming drawer & dedicated appliance cabinet lift. Master suite opens up to covered patio. Master bath has jetted tub, dual vanities and huge walk in… Read More

For Sale – 10023 Ramblin River Rd.

10023 Ramblin River Rd. is for Sale This adorable single story home in the gated community of Stonegate Hill is for sale and ready for immediate move in. Home is immaculate and has been meticulously cared for. Lovely architectural design touches throughout. This home has a unique and versatile split floor plan that provides privacy making your master suite your own private oasis. Huge picturesque windows provide tons of natural light. Gorgeous tile floors throughout living areas and wood laminate in bedrooms. Extremely active and friendly community. Close to good schools & great shopping! View this tour in a new window…. Read More