Auto Added by WPeMatico

93% of Americans Believe a Home Is a Better Investment Than Stocks

By |2021-04-14T03:00:09-07:00April 14th, 2021|Categories: First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Real Estate, Rent vs. Buy|

A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe a home is a better investment [...]

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

By |2021-04-05T03:00:50-07:00April 5th, 2021|Categories: Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS), it’s estimated that Americans [...]

How a Change in Mortgage Rate Impacts Your Homebuying Budget

By |2021-03-30T03:00:40-07:00March 30th, 2021|Categories: First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at Freddie Mac, shares: “Since January, mortgage rates have increased [...]

Why You Should Think About Listing Prices Like an Auction’s Reserve Price

By |2021-03-24T03:00:40-07:00March 24th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing, Real Estate|

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

What Credit Score Do You Need for a Mortgage?

By |2021-03-22T03:00:40-07:00March 22nd, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter lending standards could be a challenge for [...]

What Is the #1 Financial Benefit of Homeownership?

By |2021-03-16T03:00:48-07:00March 16th, 2021|Categories: First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Real Estate|

There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as part of the American Dream, providing families with a place that is [...]

How to Make a Winning Offer on a Home

By |2021-03-15T03:00:15-07:00March 15th, 2021|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

Today’s homebuyers are faced with a strong sellers’ market, which means there are a lot of active buyers competing for a relatively low number of available homes. As a result, it’s essential to understand how to make a confident and competitive offer on your dream home. Here are five tips for success in this critical [...]

How to Be a Competitive Buyer in Today’s Housing Market [INFOGRAPHIC]

By |2021-03-12T04:00:55-07:00March 12th, 2021|Categories: First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers, Real Estate|

Some Highlights With so few houses for sale today, it’s important to be prepared when you’re ready to buy a home. Meeting with your lender early, knowing your must-haves and nice-to-haves, preparing for a bidding war, and keeping your emotions in check are all ways to gain confidence in the homebuying process. If you’re looking [...]

How Upset Should You Be about 3% Mortgage Rates?

By |2021-03-09T04:00:12-07:00March 9th, 2021|Categories: Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Real Estate|

Last Thursday, Freddie Mac announced that their 30-year fixed mortgage rate was over 3% (3.02%) for the first time since last July. That news dominated real estate headlines that day and the next. Articles talked about the “negative impact” it may have on the housing market. However, we should realize two things: 1. The bump-up [...]

How Smart Is It to Buy a Home Today?

By |2021-03-03T04:00:07-07:00March 3rd, 2021|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing, Real Estate|

Whether you’re buying your first home or selling your current house, if your needs are changing and you think you need to move, the decision can be complicated. You may have to take personal or professional considerations into account, and only you can judge what impact those factors should have on your desire to move. [...]