Tag Archives: infographic

Homebuyer Challenges

Potential homebuyers can face challenges to buying a home.

What difficulties to they face?

  • Saving for a down payment (need help on saving/not spending as much? Check out my Money Monday posts!)
  • Lack of houses for sale (real estate inventory)
  • Difficulty getting financing and credit
  • Personal debt (I have some tips in my past Money Monday posts!)

BuyerRoadblocks

 

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

Common Remodeling Projects

When consumers remodel their home, they consistently focus on a couple key areas.

Those home owners, according to home remodelers, spend money on upgrading:

  • 81% focus on redoing the bathroom
  • 79% spend money and time on refreshing the kitchen

Room additions and whole house remodeling projects are two other focuses, but only about 47 – 49% of home owners work on those.

WhattheRemodelReveals

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

What Boomers Want in Real Estate

Two-thirds of homeowners are over 55

That means that they have a large impact on housing for all generations.

WhatBoomersWantThis infographic is from CAR.org.

Money Monday: Myths about credit score

Don’t fall for these myths about your credit score!

  1. Your credit score drops whenever you look at it
  2. You need to close credit cards that you don’t use
  3. Paying off that negative account takes it off your record
  4. Cosigning on a loan doesn’t mean you’re responsible to pay it
  5. Making payments on time show up on your credit score
  6. Your payment behavior shows up on your report

6 Myths about Credit Scores

This infographic is from CAR.org.

Housing Becoming Less Affordable

Real estate prices and interest rates are on the rise.

Both rising interest rates and higher-priced homes the first part of 2015 are lessening home affordability for would-be homebuyers.

  • Only 30% of potential homebuyers can afford the average-priced, single-family residence
  • The median price of a single-family home is $485,100
  • To qualify for a home loan to buy such a home, the average annual income needed is $96,160
  • The median-priced home requires a monthly payment of $2,404 (which includes taxes and insurance on a 30-year, fixed-rate loan)

PricesontheUptickInfographic from CALIFORNIA ASSOCIATION OF REALTORS.

Top 10 San Diego Beaches

Looking for things to do in San Diego county? What about visiting one of these top 10 San Diego beaches? Which beach would you add?

What’s in a mortgage payment?

What’s in a mortgage payment? This infographic breaks down a mortgage payment into P.I.T.I. – principal, interest, taxes, insurance. When you’re buying a house, keep informed about how much that home will cost you, based on how much you put down and whether or not you will need to pay mortgage insurance.

mortgage paymentsThis mortgage payment-related infographic is from mlsmaps.com.