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Waiting To Buy a Home Could Cost You [INFOGRAPHIC]

By |2021-07-30T03:00:43-07:00July 30th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices rise. Even the slightest change in the mortgage rate can have a big impact on [...]

What You Should Do Before Interest Rates Rise

By |2021-07-19T03:00:57-07:00July 19th, 2021|Categories: Buying Myths, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Real Estate|

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some options you should consider if you want to take advantage [...]

Experts Agree: Options Are Improving for Buyers [INFOGRAPHIC]

By |2021-07-16T03:00:10-07:00July 16th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers, Real Estate|

Some Highlights Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market. Although the supply increases are modest, more homes means more options for buyers. A rise in inventory [...]

Diving Deep into Today’s Biggest Buyer Concerns

By |2021-07-15T03:00:30-07:00July 15th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying it’s a “bad [...]

The Truths Young Homebuyers Need To Hear

By |2021-07-07T03:00:45-07:00July 7th, 2021|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Real Estate, Rent vs. Buy|

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value [...]

What To Expect as Appraisal Gaps Grow

By |2021-06-29T03:00:36-07:00June 29th, 2021|Categories: Buying Myths, Down Payments, For Buyers, For Sellers, Move-Up Buyers, Pricing, Real Estate, Selling Myths|

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of Realtors (NAR). Shawn Telford, Chief Appraiser at CoreLogic, elaborates: “The frequency of buyers being willing [...]

Pre-Approval Makes All the Difference When Buying a Home

By |2021-06-22T03:00:58-07:00June 22nd, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand [...]

5 Things Homebuyers Need To Know When Making an Offer

By |2021-06-21T03:00:51-07:00June 21st, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in [...]

Hope Is on the Horizon for Today’s Housing Shortage

By |2021-06-15T03:00:01-07:00June 15th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction, Real Estate|

The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below [...]

In Today’s Market, Listing Prices Are Like an Auction’s Reserve Price

By |2021-06-08T03:00:48-07:00June 8th, 2021|Categories: Buying Myths, For Buyers, Pricing, Real Estate|

For generations, the process of buying and selling a home never really changed. A homeowner would try to estimate the market value of their house, then tack on a little extra to give themselves some negotiating room. That figure would become the listing price. Buyers would then try to determine how much less than the full price [...]