Should I Refinance My Home?

By |2020-05-15T13:36:47-07:00July 16th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

With the recent lower interest rates, many homeowners are wondering if they should refinance. To decide if refinancing is the best option for your family, start by asking yourself these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most common ones: Lower your interest [...]

Home Price Appreciation Forecast

By |2020-05-15T13:36:47-07:00July 15th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

Questions continue to come up about where home prices will head throughout the rest of this year, as well as where they may be going over the few years beyond. We’ve gathered current data from the industry’s most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 [...]

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

By |2019-07-12T10:00:08-07:00July 12th, 2019|Categories: Buying Myths, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Millennials, Move-Up Buyers, Real Estate|

Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

Americans’ Powerful Belief in Homeownership as an Investment

By |2019-07-11T10:00:33-07:00July 11th, 2019|Categories: Baby Boomers, Demographics, First Time Home Buyers, For Buyers, For Sellers, Generation X, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate|

The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, [...]

5 Powerful Reasons to Own Instead of Rent

By |2019-07-09T10:00:33-07:00July 9th, 2019|Categories: Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Real Estate, Rent vs. Buy|

Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in [...]

Now’s the Time to Move-Up and Upgrade Your Current Home!

By |2020-05-15T13:36:47-07:00July 8th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Luxury Market, Move-Up Buyers, Real Estate|

Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house. Much of the demand for housing [...]

Is Mortgage Debt out of Control?

By |2020-05-15T13:36:47-07:00July 3rd, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their [...]

Millennials Are Increasing the Demand for Condominiums

By |2019-07-02T10:00:53-07:00July 2nd, 2019|Categories: Buying Myths, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate, Rent vs. Buy|

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications [...]