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Do You Prefer the Charm of an Existing Home?

When homebuyers begin their research, they want to see all their available options! In many cases, they will include both new construction and existing homes in their search; but is a new construction home really the house of their dreams? According to a recent survey by Zillow, of the 38% of total buyers that added new construction to their list, only 11% ultimately purchased a newly constructed home! They added that 71% of these buyers are repeat buyers who are financially secure, with 45% using [...]

By |2019-01-22T05:00:52+00:00January 22nd, 2019|For Buyers, For Sellers, Move-Up Buyers, New Construction|Comments Off on Do You Prefer the Charm of an Existing Home?

The Difference Having a Professional on Your Side Makes

In today’s fast-paced world, where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, with the addition of more information, comes more confusion. Shows like Property Brothers, Fixer Upper and the dozens more on HGTV have given many a false sense of what it’s like to buy and sell a home. Now more than ever, you need an expert on your side [...]

By |2019-01-21T05:00:27+00:00January 21st, 2019|First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers|Comments Off on The Difference Having a Professional on Your Side Makes

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

By |2019-01-18T05:00:47+00:00January 18th, 2019|First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Millennials, Pricing|Comments Off on What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

Last Chance! Homes are a Bargain Compared to Historic Norms

A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The reason we can still afford to consume is that our wages have also risen over time. The better measure of whether an item is more expensive than it was before is what percentage of our income [...]

By |2019-01-17T05:00:48+00:00January 17th, 2019|First Time Home Buyers, For Buyers, Pricing|Comments Off on Last Chance! Homes are a Bargain Compared to Historic Norms

Buying a Home Young is the Key to Building Wealth

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults. Half the older adults in our sample bought their first house when they were between 25 and 34 years old, and 27 percent bought their first home before age 25.” [...]

By |2019-01-15T05:00:16+00:00January 15th, 2019|First Time Home Buyers, For Buyers, Millennials|Comments Off on Buying a Home Young is the Key to Building Wealth

Buying a House This Year? This Should Be Your 1st Step!

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search. Even if you are not in an incredibly competitive market, understanding your budget will give you the confidence of knowing whether or not your dream [...]

By |2019-01-14T05:00:14+00:00January 14th, 2019|Buying Myths, First Time Home Buyers, For Buyers|Comments Off on Buying a House This Year? This Should Be Your 1st Step!

The Cost Across Time [INFOGRAPHIC]

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can!

By |2019-01-11T05:00:02+00:00January 11th, 2019|First Time Home Buyers, For Buyers, Infographics, Interest Rates|Comments Off on The Cost Across Time [INFOGRAPHIC]

Is the Recent Dip in Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of 2019, rates have continued their downward trend. As Freddie Mac’s Chief Economist Sam Khater notes, this is great news for homebuyers. He states, “Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage [...]

By |2019-01-09T05:00:39+00:00January 9th, 2019|First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates|Comments Off on Is the Recent Dip in Interest Rates Here to Stay?

Buying A Vacation Property? Now Is A Good Time!

Every year around this time, many homeowners begin the process of preparing their homes in case of extreme winter weather. Some others skip winter all together by escaping to their vacation homes in a warmer climate. For those homeowners staying at their first residence, AccuWeather warns: “The late-week cold shot should fade next week, but this is a warning shot for winter’s return late in the month and early February.” Given this, it’s time to go and stock up on winter weather supplies! However, if [...]

By |2019-01-08T05:00:36+00:00January 8th, 2019|Baby Boomers, For Buyers, Move-Up Buyers, Senior Market|Comments Off on Buying A Vacation Property? Now Is A Good Time!

Belief in Homeownership as an Investment is Far from Dead

Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center for Microeconomic Data revealed that: “The majority of households continue to view housing as a good financial investment.” And that percentage has increased over the last three years. Bottom Line [...]

By |2019-01-03T05:00:14+00:00January 3rd, 2019|First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers|Comments Off on Belief in Homeownership as an Investment is Far from Dead