First Time Home Buyers

Homeowners & Appraisers See the Most Eye-to-Eye on Price in 3 Years

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

\"HomeownersIn today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5% (or more) over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is […]

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4 Steps to Follow When Presenting an Offer in Today’s Market!

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

\"4So, you’ve been searching for that perfect house to call a ‘home,’ and you’ve finally found it! The price is right, and in such a competitive market, you want to make sure that you make a great offer so that you can guarantee that your dream of making this house yours comes true! Below are […]

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4 Reasons Why Summer Is a Great Time to Buy a Home!

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

\"4Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights reports that home prices have appreciated by 7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.2% over the next year. Home […]

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Will Home Prices Fall as Mortgage Rates Rise?

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

\"WillMortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry […]

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Millennials Are Skipping Starter Homes for Their Dream Homes

First Time Home Buyers, For Buyers, Millennials /

\"MillennialsA new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of Realtors (NAR), simply put, a starter home is a one or two-bedroom home […]

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Why Have Interest Rates Jumped to a 7-Year High?

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

\"WhyInterest rates for a 30-year fixed rate mortgage have climbed from 3.95% in the first week of January up to 4.61% last week, which marks a 7-year high according to Freddie Mac. The current pace of acceleration has been fueled by many factors. Sam Khater, Freddie Mac’s Chief Economist, had this to say: “Healthy consumer […]

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How Current Interest Rates Can Have a High Impact on Your Purchasing Power

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

\"HowAccording to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 4.61%, which is still near record lows in comparison to recent history! The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power. Purchasing power, simply put, is […]

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Renters Under 50 Want to Buy a Home!

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

\"RentersEvery year, the New York Federal Reserve publishes the results of their Survey of Consumer Expectations (SCE). Each survey covers a wide range of topics including inflation, labor market, household finance, credit access and housing. One of the many questions asked in the housing section of the survey was: Assuming you had the financial resources […]

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