Steady demand. Limited supply. That's what we are seeing in real estate markets across the country right now. Inventory is particularly tight within the lower price ranges. "The starter house is nearly missing in some markets," according to Jessica Lautz, managing director of survey research and communication for the National Association of Realtors.Of course, conditions can vary from one city to the next. But the overall trend in housing markets across the country is that supply is still f...
TriVantage Homes and Real Estate Team in Spirit Lake, Iowa have some really GREAT clients that we think are a BIG Deal!! Here are some of their thoughts about their experience while selling or buying their Okoboji Lake home, Spirit Lake neighborhood home, acreage or business property.
"After spending four months trying to sell our home, with many lookers and no reasonable offers, we signed with the EXIT Realty team of Scott Reynolds, Sheree Sanderson, and Jodi Wollmuth. We were delighted to...
When you apply for a home loan, the mortgage lender will conduct a thorough review of your income situation. Income is one of the most important factors to a lender, along with your credit score and debt level. This article answers a common, income-related question that home buyers often ask: How much income is needed to qualify for a mortgage loan?The first thing to know is that mortgage lending standards and requirements can vary from one lender to the next. For example, if I approach a hand...
Are you thinking about buying a home in the near future? Do you need a mortgage loan to finance your purchase? Here's a trend you should know about. This week, the average rate for a 30-year fixed-rate mortgage loan rose to its highest level since 2013. This is based on the weekly industry survey conducted by Freddie Mac.Mortgage Rates Hit 4-Year High in April 2018On April 26, 2018, Freddie Mac published the latest results of its Primary Mortgage Market Survey (PMMS). This survey has bee...
Home buyers who are planning to enter the real estate market can benefit from having their financing arranged ahead of time. What does that mean exactly, and why is it so important in the current real estate market? Here's what you need to know. Many real estate markets across the country are highly competitive right now due to a lack of supply. There are plenty of people in the market looking to buy a home, but there's not enough inventory to go around. This supply and demand imbalance put...
The home buying market in Spirit Lake, IA does fluctuate with the rise and fall of interest rates. Homes for sale here and the surrounding communities like Okoboji, IA and Milford, IA are affected by the mortgage rates.
Should I buy a home now, or wait until later in the year? Will I pay more if I postpone my purchase?These are perennial questions from home buyers nationwide. And a recent upsurge in mortgage rates has some buyers rushing to close on their loans, out of concern that rates could...
