October 2018

Are You Spending TOO Much on Rent?

Down Payments, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"AreChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

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Thinking of Selling Your Home? Here’s Why You Need A Pro in Your Corner

For Sellers, FSBOs, Move-Up Buyers /

\"ThinkingWith home prices on the rise and buyer demand still strong, some sellers may be tempted to try and sell their homes on their own without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that […]

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Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]

Buying Myths, First Time Home Buyers, For Buyers, Infographics /

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Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.

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Where are Home Values Headed over the Next Few Years?

For Buyers, For Sellers, Housing Market Updates, Pricing /

\"WhereThere are many questions about where home prices will be next year as well as where they may be headed over the next several years to come. We have gathered the most reliable sources to help answer these questions: The Home Price Expectation Survey – A survey of over 100 market analysts, real estate experts, […]

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Still Think You Need 15-20% Down to Buy a Home? Think Again!

Down Payments, First Time Home Buyers, For Buyers, Millennials /

\"StillAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

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Housing Is Still Affordable in the United States!

Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy /

\"HousingLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

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Will Home Prices Continue to Increase?

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

\"WillThere are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there […]

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Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

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

\"IsIn a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com/ reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked two different reactions. Some are saying this […]

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