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Don’t Wait for a Lower Mortgage Rate – It Could Cost You

By |2021-10-12T03:00:04-07:00October 12th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve [...]

If You’re a Buyer, Is Offering Asking Price Enough?

By |2021-09-27T03:00:29-07:00September 27th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Real Estate|

In today’s real estate market, buyers shouldn’t shop for a home with the expectation they’ll be able to negotiate a lower sales price. In a typical housing market, buyers try to determine how much less than the asking price they can offer and still get the home. From there, the buyer and seller typically negotiate [...]

Two Reasons Why Waiting a Year To Buy Could Cost You

By |2021-09-23T03:00:03-07:00September 23rd, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait, you need to ask yourself [...]

Is a 20% Down Payment Really Necessary To Purchase a Home?

By |2021-09-22T03:00:13-07:00September 22nd, 2021|Categories: Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials, Real Estate|

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down payment is [...]

Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

By |2021-09-10T03:00:46-07:00September 10th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly understand the real estate market and separate fact from fiction. Trust the [...]

What You Can Do Right Now To Prepare for Homeownership

By |2021-09-01T03:00:55-07:00September 1st, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Real Estate, Rent vs. Buy|

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent index has [...]

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 [...]

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 [...]

Are Houses Less Affordable Than They Were in Past Decades?

By |2021-08-11T03:00:28-07:00August 11th, 2021|Categories: Buying Myths, For Buyers, Interest Rates, Pricing, Real Estate|

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than it was in 2005? What about 1995? What happens [...]

Looking for a Place To Call Home? Consider a Condominium.

By |2021-08-10T03:00:44-07:00August 10th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Pricing, Real Estate|

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium (condo) as a worthwhile option. In fact, trends indicate [...]