Real Estate News | Diana Kearns and Michael Kearns, Realtors

NBC News: This is the best time in years to buy a house

By The Kearns Team via NBC News - August 23, 2022

Reprinted from NBC News, https://www.nbcnews.com/business/consumer/best-time-to-buy-a-house-in-years-why-rcna44413 Aug. 23, 2022, 2:23 PM MDT By Rob Wile from NBCNews.com New housing data show the market is starting to tip back in favor of buyers, including people who are looking for their first home, experts say. New home sales just saw their slowest month in more than six years, the

WSJ: Mortgage Rates Drop Below 5% for First Time Since April

By The Kearns Team via the Wall Street Journal - August 05, 2022

Reprinted from the Wall Street Journal. Mortgage Rates Drop Below 5% for First Time Since April Rates hit 4.99%, falling swiftly from 13-year high of 5.81% in June By Ben Eisen Updated Aug. 4, 2022 1:02 pm ET Mortgage rates dropped to their lowest level since April, offering a reprieve to prospective home buyers who have been hit this year with higher rates and surging prices. The averag

First Time Buyer? Rising Interest Rates got you Down? This Seller is offering a $10,000 incentive!

By The Kearns Team - August 05, 2022

Tired of throwing money away on rent? Have rising mortgage interest rates changed your plans to purchase your first home? This Seller is offering a $10,000 Buyer incentive to help! As mortgage rates rise, affordability falls, but this home seller is offering a $10,000 incentive* to help a buyer purchase their first (or next) home. Read on for more information... This 2 bedroom townhome

Economist Lawrence Yun: Possible Economic Downturn Likely to Be Mild

By The Kearns Team via REALTOR® Magazine - August 03, 2022

Reprinted from REALTOR® Magazine Yun: Possible Economic Downturn Likely to Be Mild A contracting economy typically means a recession, but other economic indicators are likely to mitigate the effects of the slowing economy, says NAR’s chief economist. August 2, 2022 Catherine Mesick The country isn’t officially in a recession yet, despite two consecutive quarters of national contractio

Is This Your Situation: Looking for a Home That Fits Your Needs and Budget?

By The Kearns Team via HomeActions - May 13, 2022

The agent you're working with can guide you through the process of making a purchase offer. You'll want to start by learning as much as you can about how much the property is worth. Image courtesy of HomeActions Check the Comparables Your agent has up-to-the-minute price data at hand to help you analyze any comparable properties; just ask. Although every home is unique, here's some of what ma

Should You Refinance for a Shorter Term?

By The Kearns Team via HomeActions - January 12, 2022

As interest rates are still at all-time lows, you're probably thinking about refinancing your mortgage. When you refinance for a shorter term, you save on interest and pay off your home sooner. Sounds good, but taking out more debt is never a simple proposition. Here are some considerations: Can you afford a higher mortgage payment? Image courtesy of HomeActions Squeezing an extra few hundred

With Rising Home Prices, is a Foreclosure Crisis Coming?

By The Kearns Team - December 14, 2021

Back around 2005-2006 the US housing market saw a "bubble" which lead to the foreclosure crisis of 2007-2009. With home prices rising quickly in 2020 and 2021, many homeowners (and prospective buyers) are asking if there's another crash coming and if they should wait out the market until things "normalize." As we look at the market dynamics today, there are a few things that stand out in suggesti

Is This Your Situation: Buying a House as an Investment

By The Kearns Team via HomeActions - September 14, 2021

It's no secret that wherever there's a product people need, there are people making money providing it. And there are few things people need more urgently than homes. That's why real estate is one of the safest investments there is. There are two ways people make money on homes: flipping and renting. Image courtesy of HomeActions Flipping a house means buying a home that's undervalued, fixing

Should You Set Up an Escrow Account?

By The Kearns Team via RISMedia - July 17, 2021

When bills come for insurance premiums and property taxes, your mortgage lender or servicer can use money set aside in an escrow account to cover the payments. The account is funded by small sums added to each regular mortgage payment. Then, when your insurance or property tax bill comes due, the lender uses the escrow funds to pay it. That way, you never have to pay a large bill in one shot. If y

Expects Predict Housing Market Growth will Continue but Slow Down

By The Kearns Team - March 30, 2021

Fannie Mae (officially the "Federal National Mortgage Association") and Freddie Mac (officially the "Federal Home Loan Mortgage Corporation) are the two federally chartered companies who, "establish secondary market facilities for residential mortgages [and] provide that the operations thereof shall be financed by private capital to the maximum extent feasible." Recently both organizations predict

Will Increasing Mortgage Rates Impact Home Prices?

By Kearns Team - March 03, 2021

Image courtesy of RISMedia We are in the midst of a very active real estate market in Denver, and many people are talking about home prices in relation to mortgage rates. While mortgage rates have been relatively staple, some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it does make sense for the price of the house to drop when interest rates are ri

Is Getting a Home Mortgage Still Too Difficult?

By The Kearns Team via RISMedia - February 27, 2021

Image courtesy of RISMedia Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago. The market is still tight however, and homebuyers should be prepared to shop around until they find a lender who is offer

Diana Kearns and Michael Kearns, Realtors

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NBC News: This is the best time in years to buy a house

WSJ: Mortgage Rates Drop Below 5% for First Time Since April

First Time Buyer? Rising Interest Rates got you Down? This Seller is offering a $10,000 incentive!

Economist Lawrence Yun: Possible Economic Downturn Likely to Be Mild

Is This Your Situation: Looking for a Home That Fits Your Needs and Budget?

Should You Refinance for a Shorter Term?

With Rising Home Prices, is a Foreclosure Crisis Coming?

Is This Your Situation: Buying a House as an Investment

Should You Set Up an Escrow Account?

Expects Predict Housing Market Growth will Continue but Slow Down

Will Increasing Mortgage Rates Impact Home Prices?

Is Getting a Home Mortgage Still Too Difficult?

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