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Uncategorized 10 Steps to Buying a Home Some Highlights: ·       If you’re thinking of buying a home and you’re not sure where to start, you’re not alone. ·       Here’s a guide with 10 simple steps to follow in the homebuying process. ·       Be sure to work with a trusted real estate professional to find out the specifics of what to do in your local area.
Uncategorized Thinking of Selling? Now May Be the Time Thinking of Selling? Now May Be the Time The housing market has started off much stronger this year than it did last year. Lower mortgage interest rates have been a driving factor in that change. The average 30-year rate in 2019, according to Freddie Mac, was 3.94%. Today that rate is closer to 3.5%. The Census Bureau also just reported the highest homeownership rate since […]
Uncategorized 2 Myths Holding Back Home Buyers In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,  “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling […]
Uncategorized Are You Ready for the ‘Black Friday’ of Real Estate? Every year, ‘Black Friday’ is a highly anticipated event for eager shoppers. Some people prepare for weeks, crafting and refining a strategic shopping agenda, determining exactly when to arrive at each store, and capturing a wish list of discounted must-have items to purchase. But what about buying a home? Is there a ‘Black Friday’ for […]
Uncategorized Things to Avoid After Applying for a Mortgage Congratulations! You’ve found a home to buy and have applied for a mortgage! You’re undoubtedly excited about the opportunity to decorate your new home, but before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell you how […]
Uncategorized Existing Home Sales Point Toward a Good Time to Sell Some Highlights: ·       Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June. ·       Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than the optimal 6-month supply. ·       Median home prices were up 4.3% from […]
Uncategorized The Cost of Waiting: Interest Rates Some Highlights: ·       Interest rates are projected to increase steadily heading into 2020. ·       The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be. ·       Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!
Uncategorized Americans’ Powerful Belief in Homeownership as an Investment Americans’ Powerful Belief in Homeownership as an Investment The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are […]
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Uncategorized 4 Reasons to Sell This Summer Some Highlights: ·       Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available. ·       Housing inventory is still under the 6-month supply needed to sustain a normal housing market. ·       Now may be the time for you and your family […]
Uncategorized 3 Things to Know in the Housing Market Today! A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The following three areas of the housing market are critical to understand: interest rates, building materials, […]
Uncategorized Multigenerational Homes Are on the Rise As loved ones start to get older, we start to wonder: how long will they be able to live alone? Will they need someone there to help them with daily life? There’s a reason to ask those questions now more than ever, as the average life expectancy in the U.S. is 78 years old! As a result, 41% of […]
Uncategorized 4 Most Popular Bottom Line Investments in America Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks, gold, and savings accounts. For the sixth year in a row, real estate has come out on top as the best long-term investment! That has not always been the case. Gallup explains: “Between 2008 and 2010, covering […]
Uncategorized Starting the Search for Your Dream Home? Here Are 5 Tips! In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a realtor.com article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of […]
Uncategorized What is Really Happening with Home Prices? Home values have softened over the last twelve months. We are no longer seeing 6-7% annual appreciation levels for the national housing market. The current numbers are closer to 4%. Some have suggested that year-over-year appreciation levels could fall to 3% or less this year. However, a stronger-than-expected economy and a good spring housing market […]
Uncategorized New Research Shows Housing Is Affordable For First-Time Buyers Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns. The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest reportshows that […]