November 2017

Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers /

\"YourThe current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong! […]

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Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope!

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers /

\"FeelingWhether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place. According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of […]

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Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers /

\"MortgageMortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact that they may no longer be able to get a […]

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A Housing Bubble? Industry Experts Say NO!

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing /

\"AWith residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We […]

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5 Reasons Homeownership Makes ‘Cents’

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Rent vs. Buy /

\"5The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons […]

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Multigenerational Households May Be the Answer to Price Increases

For Buyers, For Sellers, Move-Up Buyers, Pricing /

\"MultigenerationalMultigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com/, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or […]

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Low Inventory Causes Home Prices to Maintain Fast Growth

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing /

\"LowThe National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at […]

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