First Time Home Buyers

4 Things Every Renter Needs To Consider

First Time Home Buyers, For Buyers, Housing Market Updates, Rent vs. Buy /

\"4As a renter, you’re constantly faced with the same dilemma: keep renting for another year or purchase a home? Your answer depends on your current situation and future plans, but there are a number of benefits to homeownership every renter needs to consider. Here are a few things you should think about before you settle […]

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Two Graphs That Show Why You Shouldn’t Be Upset About 3% Mortgage Rates

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

\"TwoWith the average 30-year fixed mortgage rate from Freddie Mac climbing above 3%, rising rates are one of the topics dominating the discussion in the housing market today. And since experts project rates will rise further in the coming months, that conversation isn’t going away any time soon. But as a homebuyer, what do rates […]

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Experts Project Mortgage Rates Will Continue To Rise in 2022

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

\"ExpertsMortgage rates are one of several factors that impact how much you can afford if you’re buying a home. When rates are low, they help you get more house for your money. Within the last year, mortgage rates have hit the lowest point ever recorded, and they’ve hovered in the historic-low territory. But even over […]

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Renters Missed Out on $51,500 This Past Year

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

\"RentersRents have increased significantly this year. The latest National Rent Report from Apartmentlist.com shows rents are rising at a rate much higher than the three years leading up to the pandemic: “Since January of this year, the national median rent has increased by a staggering 16.4 percent. To put that in context, rent growth from January […]

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Knowledge Is Power When It Comes to Appraisals and Inspections

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

\"KnowledgeBuyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a […]

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Important Distinction: Homes Are Less Affordable, Not Unaffordable

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates /

\"ImportantIt’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they […]

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Don’t Wait for a Lower Mortgage Rate – It Could Cost You

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

\"Don’tToday’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve […]

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Experts Agree: Homeownership Provides a Path to Long-Term Wealth

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

\"ExpertsA recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of respondents say they’d […]

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