Coldwell Banker CEO, Jim Gillespie, was interviewed on Fox News yesterday to talk about the state of the current real estate market.
As I was thinking back, it occurred to me that I purchased my home 40 years ago this year. It was 113 Oconee Drive in Spartanburg, South Carolina. The year was 1970 and I bought it (with some help from my parents) for what seemed like a huge sum of money – less than $30,000. The home was three-bedrooms and two-bathrooms, and I still remember the brick, the ranch layout, the carport and having the first place I could call my own!
One of the most important – if not the most important – factor in homeownership is qualifying for a mortgage. And unfortunately we continue to hear about a few instances of lenders denying credit for seemingly odd reasons. Yesterday the New York Times ran a story about a pregnant woman being initially qualified for a [...]
I spent yesterday talking with a few media outlets including CNBC’s Squawk Box, ABCNews.com, Yahoo Tech Ticker, Reuters, Smart Money, Money and Forbes about housing and our Buyer Bonus Sales Event.
When I sat down to speak with Aaron Task at Yahoo Tech Ticker I shared with him why today’s interest rates, inventory in many parts of the country and home affordability across many markets make now the best time to buy a home.