Todd Hays Spokane Real Estate Blog

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RECENT BLOG POSTS
When you are discussing home loans there is a difference between interest rate and APR. The interest rate on a home loan is the amount of interest you pay on the principal expressed as percent per year. Hold on, now that sounds like annual percentage rate. No, annual percentage rate, or APR is so...
02/17/2015
4 Comments
There are many credit issues such as credit scores, derogatory credit, employment history, cash available and debt to income ratio that can make qualifying for a mortgage a challenge. Owner financing may be a solution when a buyer is not able to get a mortgage through a lender.     What incentive...
02/13/2015
In Spokane Washington we have a buyers’ housing market.  In Spokane Washington we have a sellers’ housing market. Ok, can it really be both? Can it be win win?  When you have a real estate market with a lot of activity, sellers are selling and buyers are buying. This is in contrast to the market ...
02/08/2015
  When you are discussing home loans there is a difference between interest rate and APR. The interest rate on a home loan is the amount of interest you pay on the principal expressed as percent per year. Hold on, now that sounds like annual percentage rate. No, annual percentage rate, or APR is...
01/27/2015
The millennials are the newest generation to reach adulthood and many of them look at the American Dream quite differently than generations before them. Being a real estate agent, when I meet people, the conversation is often about real estate. I have had conversations with young professionals wh...
01/21/2015
FHA Home Loans are a great loan program for first time home buyers and home buyers with lower credit scores. FHA Home loans have a minimum credit score of 620 and only require a 3.5% down payment. Most banks and mortgage brokers offer FHA loans and they are backed by the US Government Department ...
01/18/2015
Most every MLS gives their users market statistics each month. Statistics on average closed sale price and median closed sale price are great for telling us where the market has been. When you graph the data and study the trends, you can sometimes even predict where the market is going to go. To ...
01/14/2015
This past decade we have seen a market of extremes. Due to the irresponsible lending practices in the beginning of the century, home buyers were overextending themselves and home values became artificially high. Inevitably the bubble burst and the market was flooded with overpriced homes that did...
01/13/2015
Spokane Real Estate Market Continues to Improve:   Improve for who? Each month I try to get a market report up on my website as soon as I can get the numbers from our local association; the Spokane Association of Realtors. I tend to start my article with something optimistic sounding like “Spokan...
12/05/2014
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Email Viruses The CDC still has vials of the smallpox virus even though there has not been a case of smallpox anywhere in the world for almost 40 years. Similarly, I have a small collection of emails that I save in a folder titled “Email Viruses”.  I doubt that I will ever come up with a vaccinat...
12/03/2014
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