Two positive trends have started to emerge that impact the 2019 Spring Housing Market. Mortgage interest rates for a 30-year fixed rate loan have dropped to new lows, right as reports show that wages have increased at their highest rate in … [Read more...]
Reasons Why Homeowners Decide to Sell Their House
There are many reasons why a homeowner decides to sell their house and move. The latest Generational Trends Report from the National Association of Realtors asked recent home sellers to share their reason for moving. The younger the … [Read more...]
How Long Does It Take To Save For Your Down Payment?
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down … [Read more...]
National Housing Market: Existing Home Sales Slow to Start This Spring [INFOGRAPHIC]
Some Highlights: Existing Home Sales slowed to an annual pace of 5.21 million home sales in March. Low inventory levels are still impacting home sales! The current month’s supply of homes for sale is 3.9-months. Median home … [Read more...]
Since 2005, Renters Pay Higher Rental Rates While Owners Pay Lower Mortgage Rates
In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December … [Read more...]
New Report Explores Impact of Senior Living on Housing Inventory Shortage
There has been a great amount written on millennials and their impact on the housing market. However, the headlines often contradict each other. Some claim this generation is becoming the largest share of first-time home buyers, while … [Read more...]
Is Buying A Fixer-Upper The Key To Finding Your Dream Home When Inventory Is Low?
According to a new survey from Move.com, the wave of first-time homebuyers hitting the market this summer has resulted in an interesting statistic. Nearly 60% of buyers searching for a home this spring are willing to consider buying a … [Read more...]
Here’s Why You Need A Pro When Selling Your House
With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced … [Read more...]
Top 5 Reasons Why Young Renters Chose to Buy a Home [INFOGRAPHIC]
Why Millennials Choose to Buy a Home... To have control over their living space To have a sense of privacy and security To live in a nicer home To feel engaged in their community To have flexibility in future … [Read more...]
Home Buyer Demand Is Strong Again This Spring
Last fall, some predicted that the 2019 residential real estate market would be a disaster. There was even belief we might experience a housing crash like the one that occurred during the last decade. However, according to two separate … [Read more...]
How Long Will Mortgage Interest Rates Stay Low?
Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last … [Read more...]
Is Now A Good Time For Homeowners To Sell Their House?
Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is … [Read more...]
3 Questions To Ask Before Buying A Home
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the … [Read more...]
Slaying Today’s Financial Homebuying Myths [INFOGRAPHIC]
Slaying Myths About Buying A Home - Many potential first-time home buyers believe that they have to have a 'perfect' credit score and 15-20% for a down payment. Arming yourself with information about what is really going on in the housing … [Read more...]
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