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Ray Lewis's Blog

What is an VA Loan?
Updated Oct. 9, 2013
What is an VA Loan?The VA Loan became known in 1944 through the original Servicemen's Readjustment Act also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. This feature was designed...
VA Home Loans Surge in 2012
Updated Oct. 9, 2013
VA home loans surged in 2012. Why?. VA home loans can help servicemembers, veterans and their families find their dream home anywhere in the country, and officials urge those who qualify to take advantage of these loans. Many have, and 2012 was a record-breaking year for the number of eligible veterans and...
US household wealth regains pre-recession peak
Updated Oct. 9, 2013
This is very good news for the housing market. More money in the economy means buyers can afford to buy homes again. Surging stock prices and steady home-price increases have finally allowed Americans to regain the $16 trillion in wealth they lost to the Great Recession.. The gains are helping support the economy...
This Could Be The Year
Updated Oct. 9, 2013
The bursting of the housing bubble plunged the economy into a recession from which it has yet to fully recover. But economists say this could finally be the year that housing lifts us out of the doldrums.Just over half of economists surveyed by CNNMoney identified a housing recovery as the primary driver of...
Supply of Home on the Rise
Updated Oct. 9, 2013
For the first time in over six months, the supply of homes for sale is beginning to rise. Is it a sellers market?. While inventories are still down nearly 20 percent from a year ago, they did rise more than the seasonal norm in February from January, according to a new report from the National Association of Realtors.....
New or Existing?
Updated Oct. 9, 2013
Should you buy a new construction or an existing home?. After years of little activity, homebuilders are dusting off their jackhammers. Last year housing permits hit their highest level since 2008, according to the Census Bureau, and new-home sales grew 20% from the prior year.. "Builders are more optimistic...
A New Way to Search
Updated Oct. 9, 2013
Google Ventures-backed agent matching site, HomeLight, now allows users to search for real estate agents by neighborhood through a partnership with data firm Maponics Inc., the site announced today.. With a new mapping feature powered by Maponics neighborhood data, HomeLight users can select a neighborhood...

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