North Idaho Homes for Sale – Page 88 – Real Estate Services by Michiyo Tower, CIPS, MRP, SFR

Wage Increases Make Home Buying More Affordable

First Time Home Buyers· For Buyers· Move-Up Buyers

15 Nov

Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of ... Read More about Wage Increases Make Home Buying More Affordable

Home Sellers in Q3 Netted $61K at Resale

For Sellers· Move-Up Buyers

15 Nov

According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original ... Read More about Home Sellers in Q3 Netted $61K at Resale

Are Homeowners Renovating to Sell or to Stay?

For Sellers· Move-Up Buyers· Selling Myths

13 Nov

Over the past few years, two trends have emerged in the housing market: Home renovations have shot up Inventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales ... Read More about Are Homeowners Renovating to Sell or to Stay?

How to Honor a Veteran Today and Everyday

For Buyers· For Sellers

12 Nov

One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and then, later on, became Veterans Day. But ... Read More about How to Honor a Veteran Today and Everyday

VA Home Loans by the Numbers [INFOGRAPHIC]

First Time Home Buyers· For Buyers· Infographics· Move-Up Buyers

9 Nov

Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and their families through the ... Read More about VA Home Loans by the Numbers [INFOGRAPHIC]

75% of Renters Have Been Misinformed

Buying Myths· First Time Home Buyers· For Buyers· Rent vs. Buy

8 Nov

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – ... Read More about 75% of Renters Have Been Misinformed

Why Has Housing Supply Increased as Sales Have Slowed Down?

For Buyers· For Sellers· Housing Market Updates· Interest Rates· Pricing

7 Nov

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over three ... Read More about Why Has Housing Supply Increased as Sales Have Slowed Down?

5 Tips When Buying a Newly Constructed Home

First Time Home Buyers· For Buyers· Move-Up Buyers· New Construction

6 Nov

The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep in mind if you are ... Read More about 5 Tips When Buying a Newly Constructed Home

2 Myths Holding Back Home Buyers

Buying Myths· Down Payments· First Time Home Buyers· For Buyers

5 Nov

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited ... Read More about 2 Myths Holding Back Home Buyers

The Difference an Hour Will Make This Fall [INFOGRAPHIC]

For Buyers· For Sellers· Housing Market Updates· Infographics

2 Nov

Every Hour in the US Housing Market: 596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up $1.20 ... Read More about The Difference an Hour Will Make This Fall [INFOGRAPHIC]

Are You Spending TOO Much on Rent?

Buying

2 Nov

Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future ... Read More about Are You Spending TOO Much on Rent?