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Rent vs. Buy: How to Decide What’s Best for You

By |2020-11-03T04:00:55-07:00November 3rd, 2020|Categories: Buying Myths, First Time Home Buyers, For Buyers, Pricing, Real Estate, Rent vs. Buy|

According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to buy a home is different for everyone, the question remains: Should I continue renting [...]

Do You Have Enough Money Saved for a Down Payment?

By |2020-10-13T03:00:28-07:00October 13th, 2020|Categories: Buying Myths, Down Payments, For Buyers, Millennials, Pricing, Real Estate|

One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by Point2Homes mentions that 74% of millennials (ages 25-40) say they’re interested [...]

Two Big Myths in the Homebuying Process

By |2020-03-17T03:00:19-07:00March 17th, 2020|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.” Unfortunately, the myths surrounding the [...]

How Your Tax Refund Can Move You Toward Homeownership This Year

By |2020-05-15T13:36:39-07:00March 2nd, 2020|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Real Estate|

If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year. Based on data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing [...]

The #1 Misconception in the Homebuying Process

By |2020-02-20T04:00:19-07:00February 20th, 2020|Categories: Buying Myths, For Buyers, Interest Rates, Pricing, Real Estate|

After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:  “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned [...]

How the Housing Market Benefits with Uncertainty in the World

By |2020-02-13T04:00:41-07:00February 13th, 2020|Categories: Buying Myths, For Buyers, Real Estate|

It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains, [...]

Homes Are More Affordable Today, Not Less Affordable

By |2020-01-15T04:00:31-07:00January 15th, 2020|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

There’s a current narrative that owning a home today is less affordable than it has been in the past. The reason some are making this claim is because house prices have substantially increased over the last several years. It’s not, however, just the price of a home that matters. Homes, in most cases, are purchased [...]

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

By |2019-10-25T03:00:11-07:00October 25th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, Infographics, Real Estate|

Some Highlights: Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process: 71% of buyers who purchased homes have put [...]

What FICO® Score Do You Need to Qualify for a Mortgage?

By |2019-10-08T03:00:38-07:00October 8th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate|

It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for [...]

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% [...]