A 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 […]
Millennials Are Skipping Starter Homes for Their Dream Homes Read More »
Interest 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 […]
Why Have Interest Rates Jumped to a 7-Year High? Read More »
According 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 […]
How Current Interest Rates Can Have a High Impact on Your Purchasing Power Read More »
Some Highlights:
According to the US Census Bureau, ‘millennials’ are defined as 18-36-year-olds.
According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32.
More and more ‘old millennials’ (25…
Is Your First Home Within Your Grasp Now? [INFOGRAPHIC] Read More »
Every 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 […]
Renters Under 50 Want to Buy a Home! Read More »
The famous quote by Walt Whitman, “A man is not a whole and complete man, unless he owns a house and the ground it stands on,” can be used to describe homeownership in America today. The Census revealed that the percentage of homeowners in America has been steadily climbing back up since hitting a 50-year low in 2016. […]
Homeownership: “A Man Is Not a Complete Man, Unless He Owns a House” Read More »
Some Highlights:
Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it.
Living within a budget right now will help you save money for down payments while also pay…
3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC] Read More »
Some Highlights:
Setting up an automatic savings plan that saves a small amount of every check is one of the best ways to save without thinking much about it.
Living within a budget right now will help you save money for down payments while also pay…
3 Tips for Making Your Dream of Owning a Home a Reality [INFOGRAPHIC] Read More »
Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now […]
5 Ways Tax Reform Has Impacted the 2018 Housing Market Read More »
Every year, Gallup surveys Americans to determine their choice for the best long-term investment. Respondents are given a choice between real estate, stocks/mutual funds, gold, savings accounts/CDs, or bonds. For the fifth year in a row, real estate has come out on top as the best long-term investment! This year’s results showed that 34% of […]
Real Estate Tops Best Investment Poll for 5th Year Running Read More »