First Time Home Buyers

2 Charts That Show the Truth about Home Affordability

First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"2There is a lot of discussion about the current state of housing affordability for both first-time and move-up buyers, and much of the narrative is tarnished with a negative slant. However, the truth is that housing affordability is better today than at almost any time in our history. The naysayers are correct in the fact […]

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Low Interest Rates Have a High Impact on Your Purchasing Power

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

\"\"According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.92%, 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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The Cost of NOT Owning Your Home

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

\"TheOwning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision, […]

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Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

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

\"BubbleThere is little doubt that it is easier to get a home mortgage today than it was last year. The Mortgage Credit Availability Index (MCAI), published by the Mortgage Bankers Association, shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year: More buyers […]

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Your Friends Are Crazy Wrong If They’re Telling You Not to Buy

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

\"YourThe current narrative is that home prices have risen so much so that it is no longer a smart idea to purchase a home. Your family and friends might suggest that buying a home right now (whether a first-time home or a move-up home) makes absolutely no sense from an affordability standpoint. They are wrong! […]

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Feeling ‘Stuck in Place’? You Aren’t Alone… And There’s Hope!

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

\"FeelingWhether you are a renter who is searching for your dream home or a homeowner who feels like your only option is to renovate, you have at least one thing in common: feeling stuck in place. According to data from the National Association of Realtors’ Profile of Home Buyers & Sellers, the average amount of […]

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Mortgage Interest Rates Are Going Up… Should I Wait to Buy?

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

\"MortgageMortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Freddie Mac, along with Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors, is calling for mortgage rates to continue to rise over the next four quarters. This has caused some purchasers to lament the fact that they may no longer be able to get a […]

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A Housing Bubble? Industry Experts Say NO!

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

\"AWith residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We […]

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