Selling Homes in the East Coast — the Latest Rage in Real Estate!
You don’t have to be a real estate guru to know that the east coast so-called “blue” states over there are all about the real estate, real estate, real estate. Without a doubt, that’s where the market’s cutthroat, and it’s like a game of inches and timing. You strike when the iron’s hot, and you hope for some ROI in the process.
Thankfully, we have some good news for you: the entire national real estate market seems to be looking pretty good, primarily for home sellers, as home prices begin to skyrocket clear across the board –
But Just in Case You’re in One of These States, You Have to See These Numbers
Bear in mind that as a home seller, if you want some ROI for major investments you’ve made to your property and you’re looking to move out, you’ll want to wait until you start seeing these numbers. These are predictions. But as the real estate market continues to flourish as we see here, there’s no doubt that these predictions will shortly become realities. So let’s take a look:
- Florida – Sort of hard to believe given the real estate risk, but with these types of oceanfront properties always going like hotcakes, it’s no wonder that we may be seeing this home price spike.
- Georgia – The Peach State isn’t too bad either with this type of growth.
- South Carolina – And don’t discount SC at all with their percentage.
- North Carolina – Double ditto.
- Virginia – All we can say is ‘wow’ as we feast our eyes on this percentage. If you’re living in this state, you’re swimming in the ROI possibilities.
- West Virginia – And WV isn’t too shabby either.
- Washington D.C. – Land of the Free, Home of the Growing Prices in the District of Columbia.
- Maryland – How’s this for a sweet percentage of increasing home prices?
- Delaware – And Delaware isn’t hurting much either, staying pretty steady on the East Coast.
- New Jersey – It’s the place to be for home selling, apparently, with this percentage.
- Pennsylvania – And so is Philly while we’re on the topic!
- New York – Take a bite out of the Big Apple and other “fruits” with this hefty forecasted number.
- Connecticut – This little state? Making home price waves on the East Coast? The short answer is YES.
- Rhode Island – The tinier state here even rocks real estate with this home price growth percentage.
- Massachusetts – It’s even better here? See for yourself just how good this state’s home price numbers will climb.
- Vermont – One of the top three states in the nation with the highest growth in home prices. Want to see the percentage?
- New Hampshire – Ditto as well. Check it out.
- Maine – Even those cold Eskimos in Maine will be loving the growth there.
Crazy, Right? Crazy Good!
Call that a touchdown if you will for real estate. This is a clear sign that, slowly but surely, our real estate market’s looking better and better.Read More →
Pride in the Midwest: Why the Real Estate Market’s Looking Up
Good news for all! It looks like the national real estate market is ready for an upswing of home prices due to low inventory, and every single state will be feeling it very, very soon. Yes, this does include the Midwestern states we all love so dearly. The crossroads of America. The Mitten. The Windy City. You name it.
Each of these states will be a pretty good place to sell a home with optimal returns. So if you live in any of these states, and you’re planning on selling your home somewhere in these corn fields, take a look at the home prices first and see if you should plan ahead for pricing that home on the higher end of the big bucks!
Take One Look Here at the Entire Midwest and See for Yourself
- Texas — Rattlesnake country, the Lonestar state, deep in the heart here is some pretty steady increases with this percentage.
- Oklahoma — But OK will be skyrocketing! Want to know just how high? See for yourself.
- Kansas — There’s no place like home here with this percentage for an increase in home prices.
- Nebraska — Amazingly enough, Nebraska is right on par with Kansas, too. Talk about consistency….
- South Dakota — Even SD’s better with their percentage, so if you have a home here, better wait for the comparables to sell here.
- North Dakota — Look at that…. Another state that’s scarily consistent with the others here so far. Want to know what that percentage is?
- Minnesota — Selling houses up here isn’t going to lose much investment either (you’ll probably get some ROI, to be honest).
- Iowa — Now that’s what we’re talking about. This state’s even better than Oklahoma for home sellers!
- Missouri — Nothing but smooth sailing for home sellers here with this percentage.
- Arkansas — Simply lovely. You’re seeing the pattern here, aren’t you? It’s looking good in the Midwest for home selling.
- Louisiana — And what about here? Not too shabby. Decent percentage!
- Mississippi — Mark Twain would actually be proud of this boost in the home selling market.
- Illinois — You can’t beat Illinois’ numbers here. Chicago. Springfield. It doesn’t matter.
- Wisconsin — And the cheese state will be killing it like the Packers (hopefully).
- Michigan — Lakes, hills, and crazy weather…. And yet we can cheer for the Mitten with this percentage!
- Ohio — We’re so not lying here. Every state here will be seeing a home price increase according to CoreLogic. Check out Ohio’s percentage right here.
- Indiana — The state may be the “crossroads,” but many might stop here to buy a home.
- Kentucky — Talk about a derby…. You might as well have every state here compete with the highest percentage, and Kentucky’s undoubtedly a contender.
- Tennessee — We’re close to the end here, and we’re still seeing some decent numbers with this state….
- Alabama — What a way to close out the Midwest growth with this percentage….
Pretty Serious With These Numbers….
What Kind of Mortgage Down Payment Are You Looking For? It Might Depend on the State You’re In!
They’re called mortgage trends, friends. Do the research here. Of course, we’re noticing that there’s one major trend going on in the real estate market, and that’s the higher down payment, but perhaps you might want to stick with something lower. That’s okay. Want to know why?
You Have a Budget, and While Down Payments All Over Are Increasing, Some States Are Still Lower Than Others
These States Reported the Lowest Down Payment Averages in the U.S.
- Indiana — The Crossroads of America has the highest of the low averages…. Want to know how low?
- Utah — Utah isn’t high up there either. Check it out right here.
- Kentucky — Now we’re getting a bit higher on that average, but would you like to know just what you’re dealing with in the Derby state?
- Iowa — We’re sitting level with this state’s down payment average, so if Kentucky’s not your state, you can check this one out here.
- West Virginia — Little by little, that down payment average-to-house-price ratio’s getting more interested. Just take a look at this state!
- Alabama — Forrest Gump would’ve loved this ratio and average on home prices and down payments. Check out these numbers….
- Mississippi — And here we have the lowest of the lows…. But just remember: that may be a good thing!
What About the States With the Highest Down Payment Average?
- Vermont — We’ll jump almost 5% from Mississippi’s average down payment with Vermont. Want to know just how much you’ll spend on a down payment for a house here?
- Massachusetts — The average home prices play a role here with the average down payment here. Just keep that in mind!
- Washington D.C. — We’re getting pricier and pricier with this down payment percentage.
- Hawaii — You’ll hula over this percentage on down payments for home purchases.
- New Jersey — And we’re still climbing up the ladder with down payment percentages here. This could be what you’ll spend for a payment….
- California — Did you know that the state here has been leading on home prices (and most likely will continue to lead)? That should tell you a lot about what kind of down payment you might be making for a house over there.
- New York — Still, none of these states can beat this top leader. Here’s the skinny on the down payment average for a home in the Big Apple.
The Question Is This: Where Do You Want to Live?
Why You Might Wait to Sell Your West Coast Home
This is especially the case if you’ve already invested in so much with the home that you want to make sure you maximize your top dollar in the event that you’re selling. The timing has to be right, or you walk out of your home with actually less money than what you invested.…Read More →
The USDA Home Mortgage: Cheaper Than the FHA?
Boy, competition’s getting fierce up in this real estate market, don’t you think? Home prices are rising. Down payment averages are rising. And the Chinese are still looking to Texas (among other places in the U.S. Let’s face it: America’s looking great. But as Americans, we still want the better bang for our buck! And if there’s one thing that still will cost a pretty penny, it’s a house!
You’ve Got Mortgage Insurance, for Example
It’s a necessity in the industry to protect the lenders. In fact, that’s what allows lenders to offer such low down payment requirements. But here’s the deal – you, the borrower, still need to pay for it. And many, many borrowers might not even realize that mortgage insurance will come out of your pocket. Plain and simple.
Thankfully, certain home mortgage programs offer competitive prices for mortgage insurance, and FHA is one of them – 1.75% of the loan amount is what you can expect to pay for insurance on a mortgage loan. Not too bad. That’s somewhat better than the VA home loan – another favorable program for low-income situations – with a mortgage insurance percentage of about 2.4%. But did you know there’s one home mortgage program out there that beats even the FHA?
You Guessed It: the USDA Home Mortgage
That’s grade A premium beef in the real estate industry, with a percentage of just 2% of the initial loan amount – and to make it even more interesting, the annual mortgage insurance charge is just .5% of the remaining balance over the course of 12 following payments. A much better deal than the .85% annual charge the FHA imposes.
Want to learn more about the USDA home mortgage? Check it out right here. Nothing against FHA, but maybe you want something a bit better. Just make sure you qualify for it! Because when we talk about grade A premium beef cuts, we don’t mean small shanks.Read More →
One Thing to Know About the USDA Mortgage Loan: Take a Look at Your Income
Don’t get us wrong, though: the USDA mortgage is quite the secret in the real estate market. Just check this article out for yourself. If there was a way for someone to get a home loan approval fast and easy, it would be the USDA. But there are certain guidelines to keep in mind.
Keep an Eye on Your Income and Your Debt
And That’s What the Mortgage Guideline Is For:
The Real Reasons Why Retirees Will Love Florida
ShareFollow Us!I honestly don’t think many retirees out there don’t go to Florida because of the bikinis, tanning oil, and sand between their toes — although there’s definitely something to be said about owning some beachfront real estate. However, when considering retirement, it’s not necessarily about the sun and surf, as much as it is […]Read More →