November 2018

Wage Increases Make Home Buying More Affordable

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

\"WageEveryone 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 […]

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75% of Renters Have Been Misinformed

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

\"75%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, […]

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Why Has Housing Supply Increased as Sales Have Slowed Down?

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

\"WhyAccording 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 […]

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5 Tips When Buying a Newly Constructed Home

First Time Home Buyers, For Buyers, Move-Up Buyers, New Construction /

\"5The 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 […]

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2 Myths Holding Back Home Buyers

Buying Myths, Down Payments, First Time Home Buyers, For Buyers /

\"2Urban 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 […]

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