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 […]

Study Shows “Millennials Deserve More Credit”

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

When it comes to talking about millennials, there are many stereotypes out there that have influenced the way the public feels about the generation. Whether it’s the assumption that millennials are irresponsible with money and would rather buy avocado toast than save for a down payment, or that millennials jump from job to job, the […]

2 Major Myths Holding Back Home Buyers

Posted Posted in Blog, Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds […]