First Time Home Buyers | The Paradigm Realty Group

Dreaming of a Luxury Home? Now’s the Time!

First Time Home Buyers, For Buyers, Luxury Market, Millennials, Move-Up Buyers / Ajeenah Crittendon

$\"Dreaming$ If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale […]

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The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]

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

Some Highlights:

Interest rates are projected to increase steadily heading into 2019.
The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
Rates are still low right now. Don’t wai…

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You Can Save for a Down Payment Faster Than You Think!

Down Payments, First Time Home Buyers, For Buyers / Ajeenah Crittendon

$\"You$ Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from the United States […]

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4 Reasons Spring is a Great Time to Buy a Home!

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

$\"4$ Here are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year. The bottom […]

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Home Prices: The Difference 5 Years Makes

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing / Ajeenah Crittendon

$\"Home$ The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key indicators used in the report to determine the health of the housing […]

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Are Home Values Really Overinflated?

First Time Home Buyers, For Buyers, Housing Market Updates, Pricing / Ajeenah Crittendon

$\"Are$ Last week, the National Association of Realtors (NAR) released their most recent Existing Home Sales Report. According to the report: “The median existing-home price for all housing types in January was $240,500, up 5.8 percent from January 2017 ($227,300). January’s price increase marks the 71st straight month of year-over-year gains.” Seventy-one consecutive months of price […]

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It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

Down Payments, First Time Home Buyers, For Buyers / Ajeenah Crittendon

$\"It\'s$ According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone […]

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Is Now a Good Time to Rent?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy / Ajeenah Crittendon

$\"Is$ People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph […]

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The Mortgage Process: What You Need to Know [INFOGRAPHIC]

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

$\"The$

Some Highlights:

Many buyers are purchasing a home with a down payment as little as 3%.
You may already qualify for a loan, even if you don\’t have perfect credit.
Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

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Mortgage Rates on FIRE! Home Prices Up in Smoke?

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

$\"Mortgage$ Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a […]

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