TIM GRISSETT's (gtim) Blog

Buying a home is a massive financial risk, no matter how prepared you might be. Purchasing a home comes with liability, increased cost of living, unexpected stress, and more time commitments; however, the rewards for buying a home are just as great. Real estate ownership is an opportunity to bui...

The latest Existing Home Sales Report issued by the National Association of Realtors(NAR) revealed that home sales have decreased for four consecutive months and are at their slowest pace in over two years. This has some industry leaders puzzled considering the fact that the economy is strengthen...

Many Americans recently surveyed say they prefer to live in a neighborhood with a homeowners association, also called a community association, according to the 2018 Homeowner Satisfaction Survey, conducted by Zogby Analytics on behalf of the Foundation for Community Association Research. Ninety p...

With demand strong and supply weak, the housing market is overwhelmingly partial to sellers. The average homeowner is profiting $40,000 at resale (with decade-high returns in 2017), and higher in the hottest markets, where they’re attracting multiple offers in record time.Now, there’s an early in...

Borrowers continued to get relief with mortgage rates this week, as the 30-year fixed-rate mortgage sank lower for the third consecutive week. Mortgage rates are now at their lowest level since mid-April.“Backed by very strong consumer spending, the economy is red-hot this month, which is in turn...

Total existing-home sales, which include completed transactions for single-family homes, townhomes, condos, and co-ops, fell 0.7 percent month over month to a seasonally adjusted annual rate of 5.34 million in July. Sales are now 1.5 percent lower than a year ago.Rising home prices may be prompti...

Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in June Sin...

Every industry has its trends. One year fashion gives us the mini, and the next it’s the maxi. One year we’re eating cupcakes, the next we’re all about the Cronuts. The mortgage market isn’t immune to trends, but unlike those in the fashion and food industries, mortgage market trends have a long-...

By Cary TellerHomes cost a lot of money to maintain. But are you spending extra money unnecessarily on upkeep? Here are 10 of the most expensive mistakes you could be making in your home.1. Using Traditional Light bulbsIf you still have incandescent light bulbs in your home, you could be throwing...

Home prices continue to increase although the pace of price appreciation has slowed. As of June 2018, the national median sales price of existing homes sold rose to a peak of $276,900, the highest level since 20001 when NAR started tracking this data. However, the pace of appreciation has been sl...