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eXp Realty, LLC Blog

Monday, April 3, 2017   /   by Matthew Freda

Again… You Do Not Need 20% Down to Buy NOW! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Again… You Do Not Need 20% Down to Buy NOW!
 Monday April 3rd, 2017  Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers












A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today.
1. Down Payment
The survey revealed that consumers overestimate the down payment funds needed to qualify for a home loan. According to the report, 40% of consumers think a 20% down payment is always required. In actuality, there are many loans written with a down payment of 3% or less.
Many renters may actually be able to enter the housing market sooner than they ever imagined with new programs that have emerged allowing less cash out of pocket.
2. FICO® Scores 
The survey also revealed that 62% of respon ...

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Friday, March 31, 2017   /   by Matthew Freda

Home Prices Up 6.15% Across the Country! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Home Prices Up 6.15% Across the Country! [INFOGRAPHIC]
 Friday March 31st, 2017  First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers, Pricing














Some Highlights:

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
In the report, home prices are compared both regionally and by state.
Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
Alaska, Delaware, West Virginia & Wyoming were the only states where home prices are lower than they were last year.

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Thursday, March 30, 2017   /   by Matthew Freda

Consumer Confidence in Economy & Housing is Soaring #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Consumer Confidence in Economy & Housing is Soaring


 Thursday March 30th, 2017  For Buyers, For Sellers, Housing Market Updates
















The success of the housing market is strongly tied to the consumer’s confidence in the overall economy. For that reason, we believe 2017 will be a great year for real estate. Here is just a touch of the news coverage on the subject.


HousingWire:




“Consumers’ faith in the housing market is stronger than it’s ever been before, according to a newly released survey from Fannie Mae.”



Bloomberg:




“Americans’ confidence continued to mount last week as the Bloomberg Consumer Comfort Index reached the highest point in a decade on more-upbeat assessments about the economy and buying climate.”



Yahoo Finance:




“Confidence continues to rise among America’s consumers…the latest consumer senti ...

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Tuesday, March 28, 2017   /   by Matthew Freda

Millionaire to Millennials: Buy Now! #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Millionaire to Millennials: Buy Now!
 Tuesday March 28th, 2017  First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers












Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not purchasing a home because buying real estate is "an escalator to wealth.”
Bach went on to explain:

"If millennials don't buy a home, their chances of actually having any wealth in this country are little to none. The average homeowner to this day is 38 times wealthier than a renter."

In his bestselling book, “The Automatic Millionaire,” Bach does the math:

"As a renter, you can easily spend half a million dollars or more on rent over the years ($1,500 a month for 30 years comes to $540,000), and in the end wind up just where you started — owning nothing. Or you can buy a house and spend the sam ...

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Monday, March 27, 2017   /   by Matthew Freda

Renting or Buying… Either Way You’re Paying a Mortgage #RealEstate #OrlandoRealEstate #FLRealEstate #FredaRealty #teamFREDA

Renting or Buying… Either Way You’re Paying a Mortgage
 Monday March 27th, 2017  First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers












There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage - either yours or your landlord’s.
As Entrepreneur Magazine, a premier source for small business, explained this month in their article, “12 Practical Steps to Getting Rich”:

“While renting on a temporary basis isn't terrible, you should most certainly own the roof over your head if you're serious about your finances. It won't make you rich overnight, but by renting, you're paying someone else's mortgage. In effect, you're making someone else rich.”

Christina Boyle, Senior Vice ...

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eXp Realty, LLC
Matthew Freda
651 W Warren Ave
Longwood, FL
407-513-4724

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