5 Reasons Millennials Choose to Buy a Home [INFOGRAPHIC]

Posted Posted in Blog, First Time Home Buyers, For Buyers, Infographics, Millennials, Rent vs. Buy

Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living […]

Will Home Prices Fall as Mortgage Rates Rise?

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers, Pricing

Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate. However, some prominent experts in the housing industry […]

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

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

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 four key metrics that explain why: Home Prices Mortgage Standards Mortgage Debt […]

Why Home Prices Are Increasing

Posted Posted in Blog, Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

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 at peak […]

Existing Home Sales Grow Despite Low Inventory [INFOGRAPHIC]

Posted Posted in Blog, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

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 than March 2017 levels, […]

NOT Owning Your Home Can Cost You a Lot of Money!

Posted Posted in Blog, Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy

Owning 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. Realtor.com recently reported that: “Buying remains the more attractive option in the long term – that remains […]

The Cost of Renting vs. Buying Today [INFOGRAPHIC]

Posted Posted in Blog, Buying Myths, First Time Home Buyers, For Buyers, Infographics, Rent vs. Buy

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is different. Before you renew your lease again, find […]