Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s […]
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]
Chances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably […]
A study by Edelman Berland reveals that 33% of homeowners who are contemplating selling their houses in the near future are planning to scale down. Let’s look at a few reasons why this might make sense for many homeowners, this site as the majority of the country is currently experiencing a seller’s market. In a blog, Dave Ramsey, the financial […]
According 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 the national homeownership […]
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow. 15,014! That […]
In 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 take to help carry their […]
There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is… If it hasn’t sold yet, maybe it’s not priced properly. After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow. 15,014! That […]
Buying your first home can seem like a Herculean effort. Simply getting the right documents in order and understanding your down payment options can feel overwhelming, and you haven’t even started looking at houses and comparing floor plans or school zones yet. More than 5 million people buy existing homes every year, though, so the journey is […]
The VA itself doesn’t loan money for veterans to buy homes; instead, it guarantees the loan. That means lenders working with veterans who qualify for VA-backed loans take on less risk, leading to lower interest rates and other more favorable terms. Veterans can use a VA home loan to purchase an existing home, whether it’s […]
Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home. According to the […]
Many Americans dream of home ownership and wonder how they can make that dream a reality. Stories of strict credit rules, high down payments, and steep closing costs have kept many deserving people from inquiring about mortgage loans. Fortunately, the Federal Housing Administration (FHA) makes getting a mortgage manageable with lenient credit requirements, low down […]
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J Index is a quarterly report that attempts to answer the question: In today’s housing market, is […]
Many homeowners believe that they’re locked into a mortgage for the long run, but this doesn’t have to be the case. Refinancing your mortgage or borrowing a second mortgage at a lower interest rate or different term, can offer sizable benefits to homeownership including providing a way to save money, reduce debt obligations and build […]
No matter how much you love your home, the time may eventually come to take the next step in home ownership: a larger property for you and your family. While purchasing a second property is often easier than buying your first – after all, you’ve been through it once before – there are still plenty […]
As we head into 2019, many news outlets and housing experts warn that the housing market may slow down. Over the last six years, the inventory of homes for sale has been near historic lows, which has been the force behind increasing home prices. This has been great news for sellers as many of them […]
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