Tuesday, October 17, 2017 / by Mike Burge
Monday, October 28, 2013 / by Mike And Cyndi Burge
The Accuracy of Real Estate Websites
When home buyers search for homes for sale online, are they seeing all the homes for sale? Do new listings show up in a timely manner? Are all the homes they are seeing actually still for sale?
To answer these important questions, we analyzed a sample of 6,401 home listings in 33 zip codes from 11 metro areas. The listings analyzed were from three local brokerage sites and two highly trafficked national real estate portals. The results of this analysis are that the local brokerage sites are considerably more complete, more accurate, and timelier than the national portals.
In each U.S. city or area, all real es ...
Tuesday, October 15, 2013 / by Mike And Cyndi Burge
Private vs. Government Funding
As we move further from the financial crisis, it makes sense to start asking if and when the mortgage industry will return to a world where private money plays a greater role and government institutions such as Fannie, Freddie, and the Federal Housing Administration (FHA) play a smaller one. Recently, our representatives in Washington have begun to discuss plans to dissolve Fannie and Freddie an ...
Monday, October 14, 2013 / by Mike And Cyndi Burge
Some of the findings revealed in their report:
The average American family has a net worth of $77,300
Of that net worth, 61.4% ($47,500) of it is in home equity
A homeowner’s net worth is over thirty times greater than that of a renter
The average homeowner has a net worth of $174,500 while the average net worth of a renter is $5,100
The Fed study found that homeownership is still a great way for a family to build wealth in America.