October 2022 California Housing Market Trends

October 2022 California Housing Market Trends

Current California home prices are hovering around $775,000, an 11% decrease over the same period last year. The California Association of Realtors predicted the following trends for 2022: Existing single-family home sales are forecast to total 416,800 units in 2022....
How Much Are Closing Costs in AZ

How Much Are Closing Costs in AZ

When you buy a home in Arizona, it’s essential to budget for closing costs and factor that into your buying decision. Closing costs include things like paying for appraisals and credit checks. However, these costs vary significantly from lender to lender....
Tim Potempa Tackles Common Home Buying Myths

Tim Potempa Tackles Common Home Buying Myths

Want to buy a home, but need to know if you can afford it?  In today’s housing market, many prospective homebuyers still wonder if they need to make a 20 percent down payment. Tim Potempa, President, and Founder of the Potempa Team, recently sat down with Terri...
September Mortgage Market Review 2022

September Mortgage Market Review 2022

Mortgage rates remain volatile at the end of the third quarter. With 30-year fixed rates falling to 4.99% on Aug. 4 and rising to 6.02% on Sept. 15, homebuyers may wonder when they should make an offer. Interest rates rose 2.48% in the first six months of 2022,...
How Much Is Needed for a Down Payment on a Home?

How Much Is Needed for a Down Payment on a Home?

With a hot residential real estate market and US homes averaging under $440,000, you may wonder how you can afford a down payment on your dream home. In this article, you’ll learn the importance of offering a down payment to remain competitive in the current...
Tips on How to Prevent Foreclosure With Your Lender

Tips on How to Prevent Foreclosure With Your Lender

Foreclosure is a situation no mortgage holder wants to face. Generally, when a borrower has defaulted on the home loan terms by not keeping up with the scheduled payments, a lender can start foreclosure. Foreclosure is when a mortgage lender starts a legal process...