What Buyers and Sellers Need To Know About the Appraisal Gap

By |2021-08-31T03:00:37-07:00August 31st, 2021|Categories: Buying Myths, For Buyers, For Sellers, Housing Market Updates, Pricing, Real Estate|

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the [...]

The Difference in Net Worth Between Homeowners and Renters Is Widening

By |2021-08-30T03:00:08-07:00August 30th, 2021|Categories: First Time Home Buyers, For Buyers, Real Estate, Rent vs. Buy|

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role [...]

If Housing Affordability Is About the Money, Don’t Forget This.

By |2021-08-26T03:00:36-07:00August 26th, 2021|Categories: First Time Home Buyers, For Buyers, Interest Rates, Pricing, Real Estate, Rent vs. Buy|

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% [...]

What Do Experts Say About Today’s Mortgage Rates?

By |2021-08-23T03:00:44-07:00August 23rd, 2021|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Real Estate|

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates [...]

Options for First-Time Homebuyers [INFOGRAPHIC]

By |2021-08-20T03:00:59-07:00August 20th, 2021|Categories: First Time Home Buyers, For Buyers, Infographics, Real Estate|

Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs. If you’re having trouble finding your first home, let’s connect to explore [...]

More Young People Are Buying Homes

By |2021-08-19T03:00:07-07:00August 19th, 2021|Categories: Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Real Estate, Rent vs. Buy|

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their [...]

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

By |2021-08-18T03:00:02-07:00August 18th, 2021|Categories: For Buyers, For Sellers, Housing Market Updates, Pricing, Real Estate|

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes [...]

What Does Being in a Sellers’ Market Mean?

By |2021-08-17T03:00:22-07:00August 17th, 2021|Categories: For Sellers, Housing Market Updates, Move-Up Buyers, Real Estate, Selling Myths|

Whether or not you’ve been following the real estate industry lately, there’s a good chance you’ve heard we’re in a serious sellers’ market. But what does that really mean? And why are conditions today so good for people who want to list their house? It starts with the number of houses available for sale. The [...]