Home Inspections: What to Expect

May 23, 2018

Home Inspections: What to Expect So you made an offer, it was accepted, and now your next task is to have the home inspected prior to closing. Oftentimes, agents make your offer contingent on a clean home inspection. This contingency allows you to renegotiate the price you paid for the home, ask the sellers to cover […]

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again

May 23, 2018

4 Reasons Why Today’s Housing Market is NOT 2006 All Over Again With home prices rising again this year, some are concerned that we may be repeating the 2006 housing bubble that caused families so much pain when it collapsed. Today’s market is quite different than the bubble market of twelve years ago. There are […]

How Much Has Your Home Increased in Value Over the Last Year?

May 22, 2018

How Much Has Your Home Increased in Value Over the Last Year? Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than if we had […]

Why Home Prices Are Increasing

May 21, 2018

Why Home Prices Are Increasing There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (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 […]

Existing Home Sales Grow Despite Low Inventory

May 18, 2018

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC] Some Highlights: According to the latest Existing Home Sales Report from the National Association of Realtors, sales grew 1.1% in March to an annual pace of 5.60 million. This is the strongest pace since November of 2017. Inventory levels dropped year-over-year for the 34th consecutive month and are now 7.2% lower […]

New Study Shows ‘Best States for Millennials’

May 17, 2018

New Study Shows ‘Best States for Millennials’ A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage of millennials already living there!) North Dakota (lowest unemployment […]

VA Loans by the Numbers [INFOGRAPHIC]

May 16, 2018

VA Loans by the Numbers [INFOGRAPHIC] Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the rise in 46 out of 50 […]

Getting Pre-Approved Should Always Be Your First Step

May 15, 2018

Getting Pre-Approved Should Always Be Your First Step In many markets across the country, the number of buyers searching for their dream homes greatly 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 […]

Rising Prices Help You Build Your Family’s Wealth

May 14, 2018

Rising Prices Help You Build Your Family’s Wealth Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple […]

How Much Do You Need to Make to Buy a Home in Your State?

May 11, 2018

How Much Do You Need to Make to Buy a Home in Your State? It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 […]

Is Family Mortgage Debt Out of Control?

May 10, 2018

Is Family Mortgage Debt Out of Control? Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments […]

Home Buying Myths Slayed [INFOGRAPHIC]

May 09, 2018

Home Buying Myths Slayed [INFOGRAPHIC] Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall.

Buying a Home Is Cheaper Than Renting in the Majority of the US

May 08, 2018

Buying a Home Is Cheaper Than Renting in the Majority of the US The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a three-bedroom property in the United States […]

Thinking of Selling Your Home? Why You Need A Pro in Your Corner

May 07, 2018

Thinking of Selling Your Home? Why You Need A Pro in Your Corner With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in […]

What Is Private Mortgage Insurance (PMI)?

May 04, 2018

What Is Private Mortgage Insurance (PMI)? When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much […]

Mortgage Interest Rates Have Begun to Level Off

May 03, 2018

Mortgage Interest Rates Have Begun to Level Off Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% […]

The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was

May 02, 2018

The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. […]

A Tale of Two Markets

May 01, 2018

A Tale of Two Markets [INFOGRAPHIC]   Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues to rise in the luxury & […]

House Prices: Simply a Matter of Supply & Demand

April 30, 2018

House Prices: Simply a Matter of Supply & Demand Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount […]

4 Outside Home Lighting Ideas to Improve Nighttime Curb Appeal

April 27, 2018

4 Outside Home Lighting Ideas to Improve Nighttime Curb Appeal Outdoor lighting can make a night and day difference in your home’s nighttime curb appeal. Besides adding beauty, lighting adds security, as it eliminates heavily shadowed areas where an intruder might hide. What kind of outside home lighting ideas can help your home look its […]