First Time Home Buyers

Housing Wealth: The Missing Piece of the Affordability Equation

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

\"HousingThe real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices are causing some to start questioning affordability in the current housing […]

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Hope Is on the Horizon for Today’s Housing Shortage

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

\"HopeThe major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below […]

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6 Reasons to Celebrate National Homeownership Month

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

\"6Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a rate that has risen to its highest point […]

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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 […]

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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 […]

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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 […]

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Why Waiting to Buy a Home Could Cost You a Small Fortune

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

\"WhyMany people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. […]

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