The District Realty

12/01/2025

New on the Market

02/05/2025

09/05/2024

https://whatsapp.com/channel/0029VajczZ4K0IBpAdR4oO11

07/17/2024

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07/16/2024

Great source of information here on ethics.

Ethics mediation is a process that may be adopted at the discretion of boards and associations.

11/24/2023

It's not impacting the country equally, either.

10/24/2023

How Credit Scores Can Cost Buyers—Literally
Let’s review an example of how a credit score impacts home purchase financing via FICO’s booklet, “Understanding FICO Scores,” in which an example is given. Using the provided numbers (see page 24 of the attached resource), let’s imagine two buyers, Ted and Maureen, who use the same lender. Ted’s FICO score is 620. He’s offered a 5.08% interest rate. Maureen’s FICO score is 760. She’s offered a 3.49% interest rate. Each takes a 30-year fixed-rate mortgage on $280,000.

Over the life of the loan, Ted pays:

$1,517 monthly payment
$266,055 total interest paid
Maureen pays:

$1,256 monthly payment
$172,131 total interest paid
Maureen pays $261 per month less than Ted, and saves $93,960 in interest paid out over her loan’s term (360 months).

Optional: The “Understanding FICO Scores” booklet is in your resources.

10/24/2023

I found this article super helpful. If you know you know!!!!

Saving up for a down payment might seem like an impossible task at times, but there are several small things you can do to steadily work toward your goal.

10/16/2023

First-time homebuyers may be technologically savvy and able to perform home searches well before you meet them, placing you in a strategically advantageous position because they may be excited about a specific house already.

10/16/2023

The findings show that student debt does hold back home buyers.

10/16/2023

The Terner Center for Housing Innovation has launched an in-depth research series that examines the array of costs associated with building housing—from construction costs to the costs of impact and service fees, regulation, and affordable housing requirements—and how they have changed over time...

10/16/2023

Impact of Interest Rates on Homeownership
Market fluctuations have given us mortgage interest rates as low as 3% in recent years, but interest rates at 5% to 6% (or even higher) shouldn’t stop anyone from buying. Interest rates do impact affordability, however. As an example, the Motley Fool website shows how large a loan a borrower could obtain for a $1,025 monthly payment, given various interest rates. Here’s what happens to borrowing power with just a 1% interest rate increase:

4.35%: $205,959
5.35%: $183,608
The rule of thumb, Motley reported, is that each quarter point swing in interest rates changes the amount a borrower can borrow by about 3%, so a 1% increase would reduce the borrower’s borrowing power by a whopping 12%.

From a buyer’s standpoint, the one silver lining to rising interest rates is that they tend to have a downward pricing pressure. So even when interest rates are on the rise, buyers should understand that they’re likely paying less for a home than they would be if interest rates were lower. Most financiers agree that the exact timing of a home purchase will have little impact overall. Homeowners generally always come out ahead of renters.