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
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]
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?
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?
Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner
With home prices on the rise and buyer demand still strong, some sellers may be tempted to tryand sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must ... Read More about Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner
Buying a Home Can Be Scary… Until You Know the Facts
Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who purchased homes this year have put down less than 20%. 76.4% of ... Read More about Buying a Home Can Be Scary… Until You Know the Facts
Where are Home Values Headed over the Next Few Years?
There are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real ... Read More about Where are Home Values Headed over the Next Few Years?
Still Think You Need 15-20% Down to Buy a Home? Think Again!
According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick ... Read More about Still Think You Need 15-20% Down to Buy a Home? Think Again!
Housing Is Still Affordable in the United States!
Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the ... Read More about Housing Is Still Affordable in the United States!
The Cost of NOT Paying PMI
Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds ... Read More about The Cost of NOT Paying PMI
20 Tips for Preparing Your House for Sale This Fall
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