Buyer Demand Continues Outpacing the Supply of Homes for Sale

Posted Posted in Blog, For Buyers, For Sellers

The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS Confidence Index. Their latest edition sheds some light on the relationship between Seller Traffic (supply) […]

Why Millennials Choose to Buy [INFOGRAPHIC]

Posted Posted in Blog, First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers

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.” At 93%, the top reason Millennials choose to buy is to have control over […]

Millionaire to Millennials: Buy Now!

Posted Posted in Blog, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers

Self-made millionaire David Bach was quoted in a CNBC article explaining that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The […]

Renting or Buying… Either Way You’re Paying a Mortgage

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

There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month […]