First Time Home Buyers – Page 73

Your Opportunity to Achieve the American Dream Keeps Getting Better!

By Pam Treece|2020-05-15T13:37:02-07:00July 4th, 2017|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs. The national [...]

Buyer’s Market Helps Premium Home Sales Soar

By Pam Treece|2017-06-28T10:00:24-07:00June 28th, 2017|Categories: First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Real Estate|

We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, [...]

Pre-Approval Should Always Be Your First Step

By Pam Treece|2017-06-27T10:00:20-07:00June 27th, 2017|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for [...]

2 Myths Holding Back Home Buyers

By Pam Treece|2017-06-26T10:00:27-07:00June 26th, 2017|Categories: Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify for a [...]

The Cost of Renting vs. Buying in the US [INFOGRAPHIC]

By Pam Treece|2017-06-23T10:00:55-07:00June 23rd, 2017|Categories: First Time Home Buyers, For Buyers, Infographics, Real Estate|

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%), the choice becomes obvious. Every market is different. Before you renew your lease again, find [...]

Buying Is Now 33.1% Cheaper Than Renting in the US

By Pam Treece|2017-06-19T10:00:05-07:00June 19th, 2017|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Real Estate|

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all [...]

Top Home Renovations for Maximum ROI [INFOGRAPHIC]

By Pam Treece|2017-06-16T10:00:28-07:00June 16th, 2017|Categories: First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers, Real Estate|

Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). While big projects like adding a bathroom or a complete kitchen remodel are [...]

The TRUTH Behind the RENT vs. BUY Debate

By Pam Treece|2020-05-15T13:37:03-07:00June 14th, 2017|Categories: First Time Home Buyers, For Buyers, Housing Market Updates, Real Estate|

In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home [...]

Homeownership Is a Good Financial Investment!

By Pam Treece|2017-06-13T10:00:33-07:00June 13th, 2017|Categories: First Time Home Buyers, For Buyers, Real Estate|

According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective? Ralph McLaughlin, Trulia’s Chief Economist explains: “Owning a home is [...]

4 Reasons to Buy This Summer!

By Pam Treece|2020-05-15T13:37:03-07:00June 12th, 2017|Categories: First Time Home Buyers, For Buyers, Move-Up Buyers, Real Estate|

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the [...]