Buyers

May 5, 2021

This Isn’t a Bubble. It’s Simply Lack of Supply.

Some Highlights

In a recent article, Lawrence Yun, Chief Economist for the National Association of Realtors (NAR), discussed the state of today’s housing market.

When addressing whether or not today’s high buyer competition and rising home prices are evidence of a housing bubble, Yun said that this “is not a ...

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Posted in Buyers
May 3, 2021

Should I Buy Now or Wait?

In Conclusion 

If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again.

Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates.

Buying a home now means ...

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Posted in Buyers
April 19, 2021

Homeownership Is Full of Financial Benefits

A Fannie Mae survey recently revealed some of the most highly-rated benefits of homeownership, which continue to be key drivers in today’s power-packed housing market. Here are the top four financial benefits of owning a home according to consumer respondents:

  • 88% – a better chance of saving for retirement
  • 87 ...
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Posted in Buyers
March 24, 2021

What Credit Score Do You Need for a Mortgage?

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to qualify for a mortgage. While stricter ...

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Posted in Buyers
March 8, 2021

3 Ways Home Equity Can Have a Major Impact on Your Life

There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 ...

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Posted in Buyers, Rent vs Buy, Sellers
Feb. 22, 2021

Want to Build Wealth? Buy a Home This Year.

Every year, households across the country make the decision to rent for another year or take the leap into homeownership. They look at their earnings and savings and then decide what makes the most financial sense. That equation will most likely take into consideration monthly housing costs, tax advantages, and ...

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Posted in Buyers, Market Updates
Feb. 22, 2021

Where Have All the Houses Gone?

In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed to ...

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Feb. 12, 2021

Why It’s Easy to Fall in Love with Homeownership

Some Highlights

Homeownership provides comfort, stability, and security, and it makes you feel more connected to your community.

Your home is something to be proud of and is uniquely yours, so you can customize it to your heart’s desire.

If you’re ready to fall in love with a home of ...

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Posted in Buyers
Feb. 10, 2021

Do I Really Need a 20% Down Payment to Buy a Home?

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still ...

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Posted in Buyers
Jan. 20, 2021

4 Reasons People Are Buying Homes in 2021

4 Reasons People Are Buying Homes in 2021

According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what ...

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Posted in Buyers, Sellers