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The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

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 (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious. Every market is different. Before you renew your lease again, find out if you can put your housing costs to work by buying this year!

By |2018-11-16T05:00:40+00:00November 16th, 2018|Buying Myths, First Time Home Buyers, For Buyers, Infographics, Rent vs. Buy|Comments Off on The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Wage Increases Make Home Buying More Affordable

Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are finally beginning to increase – and that dramatically affects home affordability. According to the National Association of Realtors’ (NAR) September 2018 Housing Affordability Index, wages have increased in every region [...]

By |2018-11-15T05:00:41+00:00November 15th, 2018|First Time Home Buyers, For Buyers, Move-Up Buyers|Comments Off on Wage Increases Make Home Buying More Affordable

How to Honor a Veteran Today and Everyday

One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and then, later on, became Veterans Day. But Veterans Day is not for veterans. They don’t serve for thanks or recognition. Veterans Day sets aside a day for those of us who haven’t worn the uniform to [...]

By |2018-11-12T05:00:20+00:00November 12th, 2018|For Buyers, For Sellers|Comments Off on How to Honor a Veteran Today and Everyday

VA Home Loans by the Numbers [INFOGRAPHIC]

Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of 50 states and Washington, DC.

By |2018-11-09T05:00:50+00:00November 9th, 2018|First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers|Comments Off on VA Home Loans by the Numbers [INFOGRAPHIC]

75% of Renters Have Been Misinformed

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home. In 2008, the housing market crashed and home values fell by as much as 60% in certain markets. This was the major trigger to the Great Recession we experienced from 2008 to [...]

By |2018-11-08T05:00:07+00:00November 8th, 2018|Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy|Comments Off on 75% of Renters Have Been Misinformed

Why Has Housing Supply Increased as Sales Have Slowed Down?

According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over three years leading up to this point, the exact opposite was true; Inventory dropped as sales soared. NAR’s Chief Economist Lawrence Yun shed some light on what could be contributing to this shift, “This is the [...]

By |2018-11-07T05:00:43+00:00November 7th, 2018|For Buyers, For Sellers, Housing Market Updates, Interest Rates, Pricing|Comments Off on Why Has Housing Supply Increased as Sales Have Slowed Down?

5 Tips When Buying a Newly Constructed Home

The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering new construction: 1. Hire an Inspector Despite the fact that builders must comply with town and city regulations, a home inspector will have your best interests in mind! When buying [...]

By |2018-11-06T05:00:45+00:00November 6th, 2018|First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction|Comments Off on 5 Tips When Buying a Newly Constructed Home

2 Myths Holding Back Home Buyers

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters believe that more than 20% is needed for a down payment and many renters are unaware of low–down payment programs.” Myth #1: “I Need a 20% Down Payment” Buyers often [...]

By |2018-11-05T05:00:21+00:00November 5th, 2018|Buying Myths, Down Payments, First Time Home Buyers, For Buyers|Comments Off on 2 Myths Holding Back Home Buyers

The Difference an Hour Will Make This Fall [INFOGRAPHIC]

Every Hour in the US Housing Market:  596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up $1.20

By |2018-11-02T04:00:41+00:00November 2nd, 2018|For Buyers, For Sellers, Housing Market Updates, Infographics|Comments Off on The Difference an Hour Will Make This Fall [INFOGRAPHIC]

How Will Home Sales Measure Up Next Year?

There are many questions about where home sales are headed next year. We have gathered the most reliable sources to help answer this question. Here are our sources: Mortgage Bankers Association (MBA) – As the leading advocate for the real estate finance industry, the MBA enables members to successfully deliver fair, sustainable, and responsible real estate financing within ever-changing business environments. The National Association of Realtors (NAR) – The largest association of real estate professionals in the world. Freddie Mac – An organization which provides [...]

By |2018-11-01T04:00:35+00:00November 1st, 2018|For Buyers, For Sellers, Housing Market Updates|Comments Off on How Will Home Sales Measure Up Next Year?