February 2018

Which Comes First… Marriage or Mortgage?

First Time Home Buyers, For Buyers /

\"WhichAccording to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. But, many couples […]

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Low Inventory Pushes Home Prices Higher

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

\"LowAccording to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation, “The number of […]

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Homeownership: “The Reports of My Death Have Been Greatly Exaggerated”

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

\'Homeownership:The famous quote by Mark Twain in the title of this article can be used to describe homeownership in America today. Last week, the Census revealed that the percentage of homeowners in the country increased for the first time in thirteen years. A story in the Wall Street Journal gave these new homeownership numbers some […]

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Where Are Mortgage Interest Rates Headed in 2018?

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

\"WhereThe interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. Economic […]

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Millionaire to Millennials: Don’t Rent a Home… Buy!

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

\"MillionaireIn a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” Bach went on to explain: “Homeowners are worth 40 times […]

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Whether You Rent or Buy, Either Way You’re Paying a Mortgage!

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

\"WhetherThere are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize, however, that unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical […]

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