First Time Home Buyers

How Much “Housing Wealth” Can You Build in a Decade?

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

\"HowEarlier this month, the National Association of Realtors (NAR) released a special study titled Single-Family Home Price Gains by Years of Tenure. The study estimates median home price appreciation over the last 30 years based on the length of homeownership. Below are three graphs depicting the most important data revealed in the study. How much […]

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How Trusted Professionals Make Homebuying Easier to Understand

Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials /

\"HowIn the spring, many excited buyers get ready to enter the housing market. Others continue dreaming about the homes they’d like to buy. The truth is, many potential buyers continue to dream longer than they need to, simply because they’re confused about the homebuying process. Thankfully, working with a trusted real estate professional can help […]

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The Overlooked Financial Advantages of Homeownership

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

\"TheThere are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for […]

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Homeownership Rate on the Rise to a 6-Year High

Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Millennials /

\"HomeownershipRegardless of the lack of inventory on the market, the U.S. homeownership rate has climbed to a 6-year high. The United States Census Bureau reported that it increased to 65.1% in the fourth quarter of 2019, representing the highest level in the past six years. See the graph below: This increase does not come as […]

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Three Reasons Why Pre-Approval Is the First Step in the 2020 Homebuying Journey

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

\"ThreeWhen the number of buyers in the housing market outnumbers the number of homes for sale, it’s called a “seller’s market.” The advantage tips toward the seller as low inventory heats up the competition among those searching for a place to call their own. This can create multiple offer scenarios and bidding wars, making it tough […]

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First-Time Buyers Are Searching for Existing Homes This Year

First Time Home Buyers, For Sellers, Generation X, Millennials /

\"First-TimeIn the latest Housing Trends Report, the National Association of Home Builders (NAHB) measured the share of adults planning to buy a home over the next 12 months. The report indicates the percentage of all buyers that will be first-time buyers looking to purchase a home grew from 58% in Q4 2018 to 63% in Q4 […]

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The #1 Reason It Is Difficult to Find Your Dream Home

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

\"TheThe headlines in real estate today all revolve around one major point: there is a shortage of homes available for sale. Price appreciation is accelerating again because there is a shortage of homes available for sale. First-time buyers are taking longer to purchase a home because there is a shortage of homes available for sale […]

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