All Posts Tagged: Cyndee Kendall

Numbers Count: Weekly mortgage data highlights

Cyndee Kendall
Mortgage Banking

Numbers count. They matter to bankers and to prospective homebuyers, sellers, and real estate professionals. Here’s my take on the key numbers on the housing market this week.

The numbers: Flying off the shelf

"Sold" sign in foreground with big stately yellow house and trees behind it.Properties in 12 major metro areas are still selling quickly (meaning in less than two months on the market), according to the realtor.com September National Housing Trend Report released Oct. 20. These markets also demonstrate strength in standard economic factors and share unexpected commonalities, including large populations of engineers and Baby Boomers. The 12 markets include: Oakland, where the median listing was 35 days; San Jose and San Francisco, at 36 days; Denver; Washington, DC; Seattle-Bellevue-Everett; Houston; Los Angeles-Long Beach; Austin-San Marcos; Omaha; San Diego; and Melbourne-Titusville-Palm Bay, Florida.

What counts: There are a few things that home buyers in a fast-moving market can do to help improve their odds of getting a house. Here are three tips that may strengthen your offer on a home:

1) Have a mortgage pre-approval from a lender so that any offer you make on a home includes a letter from a lender that supports your ability to get a mortgage.

2) Work with a reputable real estate agent who can advise you on the market.

3) Consider crafting a letter to submit with your offer introducing yourself and why you like the property or the neighborhood. Some buyers overlook the value of a well-thought-out letter. Sellers who are long-time homeowners often want their home to go to a buyer they feel a connection to. Maybe you lived in the area previously, or maybe you want that big backyard for your kids. Details about you and your interest in the property can help round out your financial offer.

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Kansas City vs. San Francisco: A housing market matchup

Cyndee Kendall
Mortgage Banking
worldseries_split

My “World Series of Housing” is a best-of-seven series to see whose housing market is the World Champion.

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Numbers Count: Weekly mortgage data highlights

Cyndee Kendall
Mortgage Banking
Red-haired woman and African American woman looking at binder in front of a white house.

Here’s my take on the key numbers on the housing market this week.

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Making student debt fit in the mortgage equation

Cyndee Kendall
Mortgage Banking
young man in meeting with blond woman and older man looking at tablet and paperwork.

Just because someone has student loans or a car payment doesn’t mean they can’t potentially buy a home.

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How much do FICO scores matter for loan eligibility?

Cyndee Kendall
Mortgage Banking
Middle-aged man holding a sheet of paper and looking at an open laptop.

Too often people look at data on credit scores and feel their score may be too low to seek a mortgage.

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