Homeownership is a foundational part of the American Dream. As we look back on more than a year of sheltering in our homes, having a place of our own is more important than ever. While financial benefits are always a key aspect of … [Read more...]
Articles for Renters Considering Buying a Home
Are you currently renting a home? Then following articles may well be worth your time reading. Also my Rent vs. Buy page focuses on key points to be aware of as a renter thinking about buying a home. This information is likely to bring up questions so please do not hesitate to reach out to me.
Why Mortgage Rates May Increase and What It Means for Home Buyers
We’re currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of homebuyers have been taking advantage of … [Read more...]
Buying a Home is a Path to Generating Long-Term Wealth
Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most … [Read more...]
Experts Aim to Provide the Best Advice, Not Perfect Advice. Here’s the Difference…
As we approach the anniversary of the hardships we’ve faced through this pandemic and the subsequent recession, it’s normal to reflect on everything that’s changed and wonder what’s ahead for 2021. While there are signs of economic recovery … [Read more...]
How Record-Low Housing Inventory Affects Buyers and Sellers
The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the … [Read more...]
Renting vs. Buying a Home: Deciding What’s Best for You
According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s a great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While … [Read more...]
Working From Home Boosts Homebuyer Interest in Buying a Home
With more companies figuring out how to efficiently and effectively enable their employees to work remotely (and for longer than most of us initially expected), homeowners throughout the country are re-evaluating their needs. Do I still … [Read more...]
Three Updated Market Reports Agree: Housing Market is Robust
The residential real estate market is remaining resilient as the country still struggles to beat the COVID-19 pandemic. Three separate reports recently revealed how the housing market is still showing growth. Here’s a look at each one. 1. … [Read more...]
Available Housing Inventory Continues to Shrink
If you’re following what’s happening in the current housing market, you’ve seen how the lack of newly constructed homes is a major reason there’s a shortage of housing inventory available to today’s buyers. Another reason is that the … [Read more...]
Housing Affordability Index: Homes Are More Affordable Now Than 20 Years Ago
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, … [Read more...]
Rental Rates Continue To Increase
Looking ahead, 2020 is projected to be a strong year for homeownership. According to the Freddie Mac Forecast, “We expect rates to remain low, falling to a yearly average of 3.8% in 2020.” If you’re currently renting, 2020 may be a … [Read more...]
2019 Recap: a Great Year for Homeownership
Over the past year, mortgage rates have fallen more than a full percentage point. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them: Refinance: … [Read more...]
Celebrating ‘National Roof Over Your Head’ Day!
Did you know that each year in the United States, we celebrate “National Roof Over Your Head Day” on December 3rd? As noted on the National Calendar, it was “created as a day to be thankful for what you have, starting with the roof over … [Read more...]
Consider The Actual Cost of Renting vs Homeownership
There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream. Realtor.com reported that: “Buying … [Read more...]
