August 2021

What Buyers and Sellers Need To Know About the Appraisal Gap

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

\"WhatIt’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the […]

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The Difference in Net Worth Between Homeowners and Renters Is Widening

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

\"TheBecoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role […]

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If Housing Affordability Is About the Money, Don’t Forget This.

First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy /

\"IfThere are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% […]

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What To Do with Your Vacation Home as Summer Ends

For Sellers, Luxury Market, Move-Up Buyers /

\"WhatAs summer comes to a close, is it time to think about selling your vacation home? Based on recent data and expert opinions, it’s something you may want to consider. According to research from the National Association of Realtors (NAR), vacation home sales are up 57.2% year-over-year for January-April 2021. If you’ve taken your last […]

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What Do Experts Say About Today’s Mortgage Rates?

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

\"WhatMortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more home for your money. That’s why experts across the industry agree – today’s low rates […]

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Options for First-Time Homebuyers [INFOGRAPHIC]

First Time Home Buyers, For Buyers, Infographics /

\"Options

Some Highlights

  • With a housing market this competitive, sometimes you have to think outside the box.
  • Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine your true needs.
  • If you\’re having trouble finding your first home, let’s connect to explore your options. It\’s out there!

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More Young People Are Buying Homes

Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent vs. Buy /

\"MoreThere’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their […]

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Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

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

\"RealOne of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes […]

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