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All Blog Entries by Aimee Malmberg

Found 36 blog entries published by Aimee Malmberg.

  1. There are many differences between the housing market in 2005 and the current market. In 2005, subprime loans totaled more than $620 billion and made up 20 percent of the mortgage market. In 2015, they totaled $56 billion and comprised 5 percent of the market.                                                                                                                                          

  2. Banks have raised lending standards. According to CoreLogic’s Housing Credit Index, loans originated in 2016 were among the highest quality originated in the last 15 years. In October 2009, the average FICO score was 686, according to Fair Isaac. In 2001, the average score was 490 to 510.                                                         

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For those who are house-hunting, it can be a whirlwind romance that's hot from the minute you see the home's curb appeal. But don't let the seduction of a good-looking landscape make you want to tie the knot without a bit of courtship.

House-hunting for the "perfect" home in many ways is like looking for that perfect romance - very seldom does everything about your proposed mate match your desires. Things you love at first may later get on your nerves and become what you don't like so much later on. Does that mean the house is wrong for you? Not necessarily. It could be, but if you understand your tolerance level–what's most important to you in a home, and what you can't

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These are exciting times. You've finally outgrown apartment life or living with your parents or sharing a place with waaaaayyyyy too many roommates, and you're ready to take the leap to homeownership. Now it's time to prepare. As you embark on this journey, beware of six important don'ts that could potentially derail your purchase.

Don't think it's too early to get prequalified

So, you're just going to go out "looking" at houses, you say? The time when you just expect to drive around a little and maybe visit an open house or two is obviously the time when you're going to fall in love with a house and want to make a move on it right away. If you're not already prequalified with a lender, you may not have a chance at it. Competition is fierce

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As we have closed the door on 2017, it's time to look ahead at home trends in 2018. Interior designers, experts at Pantone, and researchers for home décor websites have predicted what's hot for the upcoming year and what trends are staying behind. Check out the top ten home trends below to keep your home updated and fresh.

1. Vibrant Colors

While 2017 saw a lot of grey, 2018 is all about a vibrant color palette. This trend can be applied nearly anywhere in your home. Consider a bright sofa or colorful accent pieces. Kitchens and baths are a great place to add color. Watery blues, stimulating greens, and deep reds are the most popular choices for everything from decorative pots to large appliances.

2. Geometric Patterns

This trend can

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Baby It's Cold Outside!

It’s Winter Solstice – a good time to take a fresh look at your bills to see if you can reduce them. For example, try these tips to cut your power usage and lower your electricity bills.

Switch to LED bulbs. About four times more energy efficient than incandescent bulbs, LEDs last for years. The “lumens” number indicates the amount of light emitted; use this to compare bulbs.

Install a programmable thermostat. With this device, you can automatically adjust the temperature to reflect where you are in your day – busy at home, away at work, asleep, etc. It keeps your home comfortable when you’re there and reduces energy use when you’re out.

Unplug unused electrical devices. All electronic devices sip small

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Getting ready to buy a house or just thinking about it? Where to buy, what to buy, and how you'll afford it are probably top of mind. But if you're not also concentrating on your credit score - and by concentrating on, we mean actively trying to raise your scores as much as possible - you're not looking at the whole home buying picture.

Not only can does your credit score factor greatly into what you'll pay for your house, it can keep you from being able to buy one, period. "Your credit history determines what loans you will qualify for and the interest rate you will pay," said eloan. "A credit score provides an easy way for lenders to numerically judge your credit at a point in time. It gauges how likely you are to repay your loan in a timely

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Sometimes you just can’t find the perfect house. With inventory as tight as it is, options are slim, and buyers often must settle for a home that isn’t their best match if they’re determined to purchase now. But there’s still a way to get exactly what they want, even if it’s not on the market. They could build the house of their dreams — though the process may be grueling.

Building comes with many more details to keep track of than buying an existing home. You have to get construction permits, work with an architect, worry about staying within zoning regulations. It’s a daunting task that not every home buyer should take on. But for clients who want what they want and can’t find it anywhere, new-home construction could be their best

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It dawned on me recently that buyers really need a basic overview. Especially for first-time home buyers who aren't familiar with the process.

Bear in mind that the steps in the home buying process can vary from state to state, depending on local custom. However, when you strip away all of the crap, which may or may not happen to you, there are really only 5 basic steps to buying a home.

You can do these 5 steps in any order you want.

Hire an Agent

Because I am an agent, I believe in hiring a buyer's agent first. But you don't have to if you prefer to go to open houses and look through a mumbo jumbo of homes online. Mostly, an agent will save you time.

  • An agent can send you listings directly
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Is Your Millennial Real Estate Game Lacking?  

Maybe it's time to adjust your strategy.

"They have to give up their coffee three times a week."

"They need to keep their car until it's paid off and then continue to drive it for years."

"If they really want to buy a house, they need to change their lifestyle."

These are just a few of the comments overheard on a recent day as two presumably hungry mortgage professionals met over lunch within earshot of our table at a local restaurant. Curiously, they both seemed to agree that these strategies were key to turning millennials into homeowners.

The strategies don't seem out o f line, really... unless you actually know some millennials and are in touch with how they act, who they are, what they like, what they want, and what…
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 I got an email from Zillow last week. Seems my house has gone up in value another $2,000+ dollars in the past 30 days. And it's going to rise another 3.5% in the next year, according to their Zestimate®. Fab!

Except that it's just speculation. When it comes to Zillow's Zestimates, you have to take the numbers with a grain of salt. Make that a big shake of salt, right over your shoulder. And maybe a stiff drink. And a frank conversation with your real estate agent.

"Shoppers, sellers and buyers routinely quote Zestimates to realty agents - and to one another - as gauges of market value," said the Los Angeles Times. "If a house for sale has a Zestimate of $350,000, a buyer might challenge the sellers' list price of $425,000. Or a…
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