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Kathie Lea Team eXp Realty Blog

Monday, November 14, 2022   /   by Kathie Lea

Home Equity: A Source of Strength for Homeowners Today

Home Equity: A Source of Strength for Homeowners Today


Experts agree there’s no chance of a large-scale foreclosure crisis like we saw back in 2008, and that’s good news for the housing market. As Mark Fleming, Chief Economist at First American, says:

“. . . don’t expect a housing bust like the mid-2000s, as lending standards in this housing cycle have been much tighter and homeowners have historically high levels of home equity, so there likely won’t be a surge in foreclosures.”

Data from the Mortgage Bankers Association (MBA) helps tell this story. It shows the overall percentage of homeowners at risk is decreasing significantly with time (see graph below):
But even though the volume of homeowners at risk is very low, there is still a small percentage of homeowners who may be coming face to face with foreclosure as a possibility today. If you’re facing difficulties yourself, it can help to u ...

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Friday, November 11, 2022   /   by Kathie Lea

VA Loans: Making Homes for the Brave Achievable

VA Loans: Making Homes for the Brave Achievable [INFOGRAPHIC]


Some Highlights


VA Loans can help make homeownership possible for those who have served our country.



These loans offer great benefits for eligible individuals and can help them buy a VA-approved house or condo, build a new home, or make improvements to their house.



Homeownership is the American Dream. One way we can honor and thank our veterans is to ensure they have the best information about the benefits of VA home loans. ...

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Thursday, November 10, 2022   /   by Kathie Lea

VA Loans Can Help Veterans Achieve Their Dream of Homeownership

VA Loans Can Help Veterans Achieve Their Dream of Homeownership


For over 78 years, Veterans Affairs (VA) home loans have provided millions of veterans with the opportunity to purchase homes of their own. If you or a loved one have served, it’s important to understand this program and its benefits.
Here are some things you should know about VA loans before you start the homebuying process.
What Are VA Loans?
VA home loans provide a pathway to homeownership for those who have served our nation. The U.S. Department of Veterans Affairs describes the program like this:

“VA helps Servicemembers, Veterans, and eligible surviving spouses become homeowners. As part of our mission to serve you, we provide a home loan guaranty benefit and other housing-related programs to help you buy, build, repair, retain, or adapt a home for your own personal occupancy.”

Top Benefits of the VA Home Loan Program
In addition to helping eligible buyers achieve ...

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Tuesday, November 8, 2022   /   by Kathie Lea

The Majority of Americans Still View Homeownership as the American Dream

The Majority of Americans Still View Homeownership as the American Dream


Buying a home is a powerful decision, and it remains a key part of the American Dream. In fact, the 2022 Consumer Insights Report from Mynd found the majority of people polled still view homeownership as a key life achievement. Let’s explore just a few of the reasons why so many Americans continue to value homeownership.

The Financial Benefits of Owning a Home

One possible reason homeownership is viewed so highly is because owning a home is a significant wealth-building tool, and it provides meaningful financial stability over renting by locking in your monthly housing payments for the length of your home loan. An article from Forbes explains:


“Understanding the potential benefits of homeownership helps individuals see the value of owning property instead of renting. . . . household wealth among homeowners is a whopping 1,469% higher on ...

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Monday, November 7, 2022   /   by Kathie Lea

Key Factors Affecting Home Affordability Today

Key Factors Affecting Home Affordability Today


Every time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation.

Here are three measures used to establish home affordability: home prices, mortgage rates, and wages. Let’s look closely at each one.

1. Mortgage Rates

This is the factor most people are focused on when they talk about homebuying conditions today. So far, current rates are almost four full percentage points higher than they were at the beginning of the year. As Len Kiefer, Deputy Chief Economist at Freddie Mac, explains:


“U.S. 30-year fixed mortgage rates have increased 3.83 percentage points since the end of last year. Tha ...

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Kathie Lea Team eXp Realty
Kathie Lea Team eXp Realty
2151 NE Coachman Rd
Clearwater, FL 33765
727-422-9455
727-449-9276

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