TIM GRISSETT's (gtim) Blog

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Real Estate Agent - Chapman Hall Premier Realtors

ARCHIVED BLOG POSTS

2018 

Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will ha...
02/22/2018
Getting a mortgage is, by general consensus, the most treacherous part of buying a home. In a recent survey, 42% of home buyers said they found the mortgage experience “stressful,” and 32% found it “complicated.” Even lenders agree that it's often a struggle. “A lot can go wrong,” says Staci Tits...
02/20/2018
The following is NAR Chief Economist Lawrence Yun’s reaction to this morning’s release from the U.S. Commerce Department on January new home construction:“Terrific news on housing starts in January with a solid 10% gain. This rise in single-family housing construction will help tame home price gr...
02/16/2018
It seems a 1,000-plus point drop in the stock market last week mixed with rising interest rates may have been enough to give homeowners and buyers the jitters. Overall mortgage applications last week dipped 4.1 percent week over week on a seasonally adjusted basis, the Mortgage Bankers Associatio...
02/15/2018
According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase.Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason beh...
02/13/2018
Just like with any product or service, the law of supply and demand impacts home prices. Any time that there is less supply than the market demands, prices increase.In many areas of the country, the supply of homes for sale in the starter and trade-up home markets is so low that bidding wars have...
02/01/2018
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TIM GRISSETT

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