Archive for November, 2013

Your home: Which NEJC city has the highest walkability?

Monday, November 25th, 2013

I was excited and honored to receive an email last week from John Yé, the mayor of Westwood. He had just read my last column on walkability and wanted to share with me that Westwood’s walkability score is a 57. Compare that to Prairie Village’s score of 35 and clearly Westwood is on to something. Actually, compared to all […]

Your home: The importance of neighborhood walkability

Friday, November 15th, 2013

Why are neighborhoods like Prairie Village and Brookside so popular? One word: walkability. Walkability is a term becoming more and more popular as neighborhood revitalizations continue across the country. Companies like Walk Score are really bringing walkability into the forefront of the real estate market. Walk Score is an online resourcewhere you can enter a property […]

Your home: Incredible opportunities in the jumbo loan market

Monday, November 11th, 2013

A jumbo mortgage is defined as a loan that exceeds the maximum loan amount Fannie Mae and Freddie Mac will purchase. In most cases, the conforming limit is $417,000. However, in some markets where the average sales price is well over $417,000, the conforming limit has been locally adjusted. Because Fannie Mae and Freddie Mac […]

Your home: What is a ‘qualified residential mortgage’?

Friday, November 1st, 2013

Big changes are coming in the mortgage industry — and those changes are spelled “QRM.” A qualified residential mortgage or QRM is essentially a program designed to set the standard for residential mortgages and prevent consumer default. Sounds like a good idea, right? Well, that depends on who gets to write the final draft of the Dodd-Frank […]