Homeowners Are Happy! Renters? Not So Much.

By |2019-09-26T03:00:24-07:00September 26th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate, Rent vs. Buy|

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home make you happier than renting?” 93% [...]

Are You Ready for the ‘Black Friday’ of Real Estate?

By |2019-09-25T03:00:23-07:00September 25th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

According to a new study from realtor.com, the week of September 22 is the best time of year to buy a home, making it ‘Black Friday’ for homebuyers. Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when [...]

One of the Top Reasons to Own a Home

By |2019-09-19T03:00:40-07:00September 19th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate, Rent vs. Buy|

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and [...]

Home Prices Increase in Every Price Range

By |2019-09-17T03:00:50-07:00September 17th, 2019|Categories: For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Price appreciation can differ depending on your price range. CoreLogic analyzed four individual home prices tiers and shares the increase in each one. CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also [...]

Things to Avoid After Applying for a Mortgage

By |2020-05-15T13:36:42-07:00September 16th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Real Estate|

Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how [...]

6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC]

By |2019-09-13T03:00:09-07:00September 13th, 2019|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers, Real Estate|

Some Highlights: Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength [...]

What Is the Probability That Home Values Sink?

By |2020-05-15T13:36:43-07:00September 12th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

With the current uncertainty about the economy triggered by a potential trade war, some people are waiting to purchase their first home or move-up to their dream house because they think or hope home prices will drop over the next few years. However, the experts disagree with this perspective. Here is a table showing the [...]

Millennial Buying Power Poised to Boost Homeownership

By |2019-09-11T10:00:27-07:00September 11th, 2019|Categories: Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Real Estate|

In a recent article by Realtor Magazine, Mark Fleming, Chief Economist of First American Financial Corporation, notes, “The largest group of millennials by birth year will turn 30 in 2020, which puts them entering their prime homebuying years”. The article continues to describe how millennials have more buying-power than the generations that preceded them, making [...]

Home Sales Expected to Continue Increasing In 2020

By |2019-09-09T10:00:16-07:00September 9th, 2019|Categories: For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate|

Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020. Below is a chart depicting the projections of each entity for 2019, as well as for 2020.As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered [...]