Ken Wood's Blog Posts

Buying A Home Can Be Scary Unless You Know The Facts

Buying a Home Can Be Scary... Unless You Know the Facts Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score

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5 Reasons To Hire A Real Estate Professional When Buying Or Selling

5 Reasons to Hire a Real Estate Professional When Buying or Selling! Whether you are buying or selling a home, it can be quite an adventurous journey. This is

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Millennials Flock Towards Low Down Payment Programs

Millennials Flock Towards Low Down Payment Programs A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their

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The Impact Your Interest Rate Makes

The Impact Your Interest Rate Makes Some Highlights: Interest rates have come a long way in the last 30 years. The interest rate you secure directly impacts your

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The Cost Of Renting Vs Buying A Home

The Cost of Renting vs. Buying a Home Some Highlights: Historically, the choice between renting or buying a home has been a tough decision.

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Buying Remains Cheaper Than Renting In 39 States

Buying Remains Cheaper Than Renting in 39 States! In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than

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Thinking Of Selling You Should Do It TODAY

Thinking of Selling? You Should Do It TODAY!! That headline might be a little aggressive; however, as August 2017’s housing market data begins to roll in, we can

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Net Worth Of Homeowners 44X Greater Than Renters

Net Worth of Homeowners 44X Greater than Renters Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they

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Builder Offering To Pay Off Student Loans For Buyers

Builder Offering to Pay Off Student Loans for BuyersMillennials are on track to become the most educated generation in history. This means they are also the generation with the most student debt.

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Homeowners Net Worth Is Still Greater Than A Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which

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How Long Do Most Families Stay In Their Home

The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a

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What State Gives You The Most Bang For Your Buck

What State Gives You the Most "Bang for Your Buck"? Some Highlights: Thinking of moving across the country? How far will your money take you? The majority of states in the Midwest and

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Housing Inventory Hits 30Year Low

Spring is traditionally the busiest season for real estate. Buyers, experiencing cabin fever all winter, emerge like flowers through the snow in search of their dream home. Homeowners, in

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Be Careful Not To Get Caught In The Rental Trap

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.Don’t Become

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Buyer Demand Continues Outpacing The Supply Of Homes For Sale

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate

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Rising Home Prices Mean Great News For Homeowners

Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot

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3 Questions To Ask Before You Buy Your Dream Home

If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your

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The 5 Greatest Benefits Of Homeownership

Recently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.”

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The High Impact Of Low Interest Rates On Your Purchasing Power

According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in

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The Importance Of Home Equity In Retirement Planning

We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners

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75 Of Homeowners Think Now Is A Good Time To Sell

The National Association of Realtors (NAR) recently released the findings of their Q2 Homeownership Opportunities and Market Experience (HOME) Survey. The report covers core topics

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PreApproval Should Always Be Your First Step

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where

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2 Myths Holding Back Home Buyers

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a

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Buying Is Now 331 Cheaper Than Renting In The US

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest

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4 Reasons To Buy This Summer

Here are four great reasons to consider buying a home today, instead of waiting.1. Prices Will Continue to RiseCoreLogic’s latest Home Price Index reports that home prices have

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Can Your Real Estate Agent Answer These Important Questions

Whether you are selling or buying a home, the real estate agent you hire is critical to guaranteeing your family makes the right decision. Most agents can walk you through the process and explain

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What Would You Sacrifice To Save For Your Next Home

Some Highlights: 95% of first-time homebuyers are willing to sacrifice to make homeownership a reality. The top item that buyers sacrifice is new clothes, at 54%. Even repeat or experienced

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1 Reason To List Your House For Sale NOW

If you are debating listing your house for sale this year, here is the #1 reason not to wait!Buyer Demand Continues to Outpace the Supply of Homes for Sale The National Association of

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Hows The Real Estate Market Find Out What The Experts Are Saying

As we head into summer, it is a great time to review how the 2017 real estate market is doing so far. Here is what the experts are saying:Doug Duncan, Fannie Mae Chief Economist “Positive

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More Americans Chose To Own A Home Than Rent In Q1

According to the latest report from the US Census Bureau, more Americans chose purchasing a home over signing a lease to rent in the first quarter of 2017. This marks the first time

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Is Now A Good Time To Rent

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to

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5 Reasons To Hire A Real Estate Professional When Buying Or Selling 5 Reasons To Hire A Real Estate

Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate.

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Why Americans Consider Moving To Another State

Some Highlights: In a recent Harris Poll, Americans listed "change in climate/weather" as their top reason for wanting to relocate. 41% would move for a “better job

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1 Answer To The Housing Shortage New Construction

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four

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4 Tips For Effectively Making An Offer

So, you’ve been searching for that perfect house to call a ‘home,’ and you finally found one! The price is right, and in such a competitive market, you want to make sure that you make a good

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Do You Know The Cost Of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as

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What You Need To Know About Qualifying For A Mortgage

Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don't have perfect credit. Take advantage of the

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Last Weeks Economic News In Review May 11 2017

Construction spending saw an unexpected drop, while the economy enjoyed a solid jobs report, and layoffs tumbled as well. Construction Spending After posting five

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3 Reasons The Housing Market Is NOT In A Bubble

With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the

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Gallup Real Estate Is Best LongTerm Investment 4 Years Running

Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold,

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Inventory Shortages Are Slowing Down The Market

Inventory Shortages Are Slowing Down the MarketThe real estate market is moving more and more into a complete recovery. Home values are up. Home sales are up. Distressed sales (foreclosures and

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Is 2017 The Year To Move Up To Your Dream Home If So Do It Early

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components

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Is The Current Pace Of Home Sales Maintainable

Is the Current Pace of Home Sales Maintainable?There are some experts questioning whether the current pace of residential home sales is maintainable. Are too many people buying homes like in 2004

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Do You Know The Cost Of Waiting

Do You Know the Cost of Waiting?Some Highlights: The “Cost of Waiting to Buy” is defined as the additional funds it would take to buy a home if prices and interest rates were to

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4 Reasons To Buy A House Today

Financial Planning: 4 Reasons to Buy a House TodayHomeownership will always be a part of the American Dream. There are advantages to owning your own home (educational, health, social) that

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May 3 2017 32792 1

Buying a Home? Do You Know the Lingo?Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a

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Get All The Facts About PMI

Get All the Facts about PMIWhen it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs

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Homes Are Selling Fast Across The Country

Homes are Selling Fast Across the CountrySome Highlights: The National Association of REALTORS® surveyed their members for their monthly Confidence Index. The REALTORS®

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Your Tax Return Bring It Home

Your Tax Return: Bring it HomeThis time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? 

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How Fast Can You Save For A Down Payment

How Fast Can You Save for a Down Payment?Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices

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Slaying Home Buying Myths

Slaying Home Buying MythsSome Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements

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Measuring Your Ability To Achieve The American Dream

Measuring Your Ability to Achieve the American DreamForbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the

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US Housing Market Continues The Move Into Buy Territory

US Housing Market Continues the Move into ‘Buy Territory’!According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy

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Corona Real Estate Overview

CORONA REAL ESTATE OVERVIEW Market Health Score 93Very Healthy 318Homes for Sale $499,000Median List Price 68Days on Market 2

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Riverside Zip Code 92504 RE Overview

92504 REAL ESTATE OVERVIEW Market Health Score 99Very Healthy 125Homes for Sale $379,000Median List Price 91Days on Market 2

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Thinking Of Selling Now Is The Time To Act

Thinking of Selling? Now Is the Time to ActIf you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer

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Home Mortgages Rates Up Requirements Easing

Home Mortgages: Rates Up, Requirements EasingThe media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to 

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Is Your First Home Within Your Grasp INFOGRAPHIC

Is Your First Home Within Your Grasp? [INFOGRAPHIC]Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s 

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Millennials Flock To Low Down Payment Programs

Millennials Flock to Low Down Payment ProgramsA recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment

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CarefulDont Get Caught In The Rental Trap

Careful…Don’t Get Caught in the Rental Trap!There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost

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The Importance Of Using A Professional To Sell Your Home

The Importance of Using a Professional to Sell Your HomeWhen a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the.

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Why Millennials Choose To Buy

Why Millennials Choose to BuySome Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including

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How Do HOAs Work

How do HOAs work?When you purchase a home, there's a good chance you'll have to pay a homeowners association fee, especially in gated communities, townhouses, condominiums, and other similar planned

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The REAL News About Housing Affordability

The 'REAL' News about Housing AffordabilitySome industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a

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Buying This Spring Be Prepared For Bidding Wars

Buying this Spring? Be Prepared for Bidding Wars Traditionally, spring is the busiest season for real estate. Buyers come out in force and homeowners list their houses for sale

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15014 Homes Sold Yesterday Did Yours

15,014 Homes Sold Yesterday… Did Yours?There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing

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You Do Not Need 20 Down To Buy NOW

Again… You Do Not Need 20% Down to Buy NOW!A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage

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Market Temperature Riverside

Market temperature. The median home value in Riverside is $340,100. Riverside home values have gone up 7.0% over the past year and predictions expect values will rise 3.6% within the

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Millionaire To Millennials Buy Now

Millionaire to Millennials: Buy Now!Self-made millionaire David Bach was quoted in a CNBC article explaining that "the single biggest mistake millennials are making" is not

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The Foreclosure Crisis 10 Years Later

The Foreclosure Crisis: 10 Years LaterCoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years

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Mar 13 2017 32792 1

6 THINGS EVERYONE SHOULD DO WHEN MOVING INTO A NEW HOUSEWhen I bought my first house, my timing couldn’t have been better: The house closing was two weeks before the lease was up on my apartment.

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Housing Market Expected To Spring Forward

 Just like our clocks this weekend in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory

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The Biggest Regrets Of RealLife Home Sellers

Even homeowners who’ve successfully sold their place can be plagued by the shoulda-coulda-wouldas—meaning that, looking back, they wish they’d done certain things differently. Sometimes 

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FIDUCIARY DUTY

FIDUCIARY DUTYA real estate broker who becomes an agent of a seller or buyer, either intentionally through the execution of a written agreement, or unintentionally by a course of conduct, will be

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