First Time Home Buyers

Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]

Buying Myths, First Time Home Buyers, For Buyers, Infographics /

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Some Highlights:

Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:

  • 72% of buyers who purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.

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Still Think You Need 15-20% Down to Buy a Home? Think Again!

Down Payments, First Time Home Buyers, For Buyers, Millennials /

\"StillAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

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Housing Is Still Affordable in the United States!

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

\"HousingLately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]

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Will Home Prices Continue to Increase?

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

\"WillThere are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there […]

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Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

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

\"IsIn a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com/ reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last year This increase in housing inventory has sparked two different reactions. Some are saying this […]

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5 Tips for Starting Your Home Search

First Time Home Buyers, For Buyers /

\"5In today’s real estate market, with low inventory dominating the conversation in many areas of the country, it can often be frustrating to be a first-time homebuyer if you aren’t prepared. In a recent realtor.com/ article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can […]

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Pre-Approval: Your 1st Step in Buying a Home

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

\"Pre-Approval:In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]

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Dispelling the Myth About Home Affordability

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

\"DispellingWe have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last […]

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New Home Sales Up 12.7% From Last Year

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

\"NewAccording to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July). The report also showed that builders have ramped up construction with an increase in new […]

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