Michael R Balog

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So far Michael R Balog has created 297 blog entries.

Home Prices Increase in Every Price Range

CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also analyzed four individual home-price tiers, showing the increase in each. Here’s the breakdown: To clarify the methodology, CoreLogic explains, “The four price tiers [...]

By |2019-09-17T08:20:45-04:00September 17th, 2019|News, Trending Real Estate Topics|0 Comments

Things to Avoid After Applying for a Mortgage

Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how [...]

By |2019-09-16T10:49:04-04:00September 16th, 2019|News, Trending Real Estate Topics|0 Comments

Millennial Buying Power Poised to Boost Homeownership

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making [...]

By |2019-09-11T12:00:14-04:00September 11th, 2019|News, Trending Real Estate Topics|0 Comments

The Role Access Plays in Getting Your House Sold

So, you’ve decided to sell your house. You’ve hired a real estate professional to help you with the entire process and you’ve been asked what level of access you want to provide to potential buyers. There are four elements to a quality listing. At the top of the list is Access, followed by Condition, Financing, [...]

By |2019-09-10T09:28:04-04:00September 10th, 2019|News, Trending Real Estate Topics|0 Comments

Home Sales Expected to Continue Increasing In 2020

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020. Below is a chart depicting the projections of each entity for 2019, as well as for 2020. As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has [...]

By |2019-09-09T10:18:17-04:00September 9th, 2019|News, Trending Real Estate Topics|0 Comments