Buying Myths

How Misunderstandings about Affordability Could Cost You

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

\"HowThere’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some still have concerns about whether or not it’s truly affordable to buy a home right […]

How Misunderstandings about Affordability Could Cost You Read More »

Buying a Home Is Still Affordable

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Pricing, Rent vs. Buy /

\"BuyingThe last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle. Understanding how housing affordability works and the main market factors that impact […]

Buying a Home Is Still Affordable Read More »

Don’t Forget to Budget for Closing Costs

Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing /

\"Don’tWhen buying a home, it’s important to have a budget and make sure you plan ahead for certain homebuying expenses. Saving for a down payment is the main cost that comes to mind for many, but budgeting for the closing costs required to get a mortgage is just as important. What Are Closing Costs? According […]

Don’t Forget to Budget for Closing Costs Read More »

Patience Is the Key to Buying a Home This Year

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, New Construction /

\"PatienceThe question many homebuyers are facing this year is, “Why is it so hard to find a house?” We’re in the ultimate sellers’ market, which means real estate is ultra-competitive for buyers right now. The National Association of Realtors (NAR) notes homes are getting an average of 4.8 offers per sale, and that number keeps […]

Patience Is the Key to Buying a Home This Year Read More »

How Much Time Do You Need To Save for a Down Payment?

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

\"HowOne of the biggest hurdles homebuyers face is saving for a down payment. As you’re budgeting and planning for your home purchase, you’ll want to understand how much you’ll need to put down and how long it will take you to get there. The process may actually move faster than you think. Using data from […]

How Much Time Do You Need To Save for a Down Payment? Read More »

Is Homeownership Still Considered Part of the American Dream?

Buying Myths, Demographics, First Time Home Buyers, For Buyers, Millennials /

\"IsSince the birth of our nation, homeownership has always been considered a major piece of the American Dream. As Frederick Peters reports in Forbes: “The idea of a place of one’s own drives the American story. We became a nation out of a desire to slip the bonds of Europe, which was still in many […]

Is Homeownership Still Considered Part of the American Dream? Read More »

Why You Should Think About Listing Prices Like an Auction’s Reserve Price

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

\"WhyFor generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then try to determine how much less than the full price […]

Why You Should Think About Listing Prices Like an Auction’s Reserve Price Read More »