Jim Potts

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House Poor: What It Means And How To Avoid It

January 12, 2023 by Jim Potts

There is a good chance you have heard someone described as being house poor. What exactly does it mean? It is important to understand what it means to be house poor and how you can stay away from it.

Filed Under: Loan Tips Reno Tagged With: Finance, Mortgage, Mortgage Payment

The Most Commonly Forgotten Item On The Home Budget List

January 10, 2023 by Jim Potts

If you are in the process of purchasing a home, it is critical for you to make sure that you budget appropriately. Unfortunately, there are a lot of people who commonly overlook closing expenses.

Filed Under: Loan Tips Reno Tagged With: Budgeting, Finance, Mortgage

Financing Options For Home Improvement Projects: What To Know

July 12, 2022 by Jim Potts

Are you planning on updating your house? A home improvement project can be expensive, but you don't necessarily need to pay for the entire cost upfront. There are several loan options that can make it easier for you to get your home improvement project started right now. What are your options?

Filed Under: Loan Tips Reno Tagged With: Finance, Home Improvement, Mortgage

Case-Shiller Home Price Indices: Home Prices Grow at a Near-Record Pace

March 30, 2022 by Jim Potts

U.S home prices grew at a near-record pace in January according to the National S&P Case-Shiller Home Price Index; year-over-year home prices rose by 19.20 percent in January as compared to December's reading of 18.90 percent. Home prices rose 1.80 percent on a month-to-month basis from December to January.

Filed Under: Financial Reports Tagged With: Case Shiller, Finance, Home Value

How to Become a Homeowner: First Time Home Buyer Guide

May 11, 2021 by Jim Potts

Becoming a homeowner for the first time is exciting. However, for many potential buyers, the process can also be confusing. Below is an overview of the steps you need to complete in order to buy your first home.

Filed Under: Mortgage Tagged With: Finance, First Time Buyers, Mortgage

What’s Ahead For Mortgage Rates This Week – January 19, 2021

January 19, 2021 by Jim Potts

Last week's economic reports included readings on inflation, retail sales, and a speech by Federal Reserve Chair Jerome Powell. Weekly readings on mortgage rates and jobless claims were also released.

Filed Under: Financial Reports Tagged With: Case Shiller, Finance, Inflation

What’s Ahead For Mortgage Rates This Week – December 28, 2020

December 28, 2020 by Jim Potts

Last week's economic news included readings on sales of new and previously-owned homes and consumer sentiment. Weekly average mortgage rates were also released, but readings for jobless claims were not released due to the Christmas holiday.

Filed Under: Financial Reports Tagged With: Case Shiller, Finance, Mortgage Rates

What’s Ahead For Mortgage Rates This Week – September 21, 2020

September 21, 2020 by Jim Potts

Last week's economic news included readings on housing market conditions, housing starts, building permits issued, and consumer sentiment. Weekly readings on mortgage rates and jobless claims were also released.

Filed Under: Financial Reports Tagged With: Finance, Jobless Claims, Mortgage Rates

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Jim Potts

Jim Potts


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Call (760) 337-8100
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