I previously informed you about a study that revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.
I collect my pet peeves, because I demand better of myself, especially for my clients.
And they are completely avoidable, at little or no expense.
The buying process flowchart
- The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
- In the report, home prices are compared both regionally and by state.
- Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
- Alaska & West Virginia were the only states where home prices are lower than they were last year.
I have five pretty simple rules to make our home shopping experience as stress-free as possible.
You’ll save a lot of money, they are easy to deal with, and their job is to help you.
Your bank? Probably notsomuch…
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search.
Historically, the choice between renting or buying a home has been a close decision. Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), though…
So you’ve been searching for that perfect house to call a home and you finally found one! The price is right, and in such a competitive market you want to make sure you make a good offer so that you can guarantee your dream of making this house yours comes true!
The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!
Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV ‘show hole’*? We’ve all been there… watching entire seasons of “Love it or List it,” “Fixer Upper,” “House Hunters,” “Flip or Flop,” “Property Brothers,” and so many more, just in one sitting.
Interest Rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! Credit score requirements to be approved for a mortgage continue to fall.
A homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400)!
Waiting even a year can make a big difference in affordability…
In many markets across the country, the amount of buyers searching for their dream home greatly outnumbers the amount of homes for sale. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. One way to dramatically increase family wealth is through the acquisition of real estate.
The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that:
Characteristics of both vacation home purchasers and investors.
by Samantha Reeves Published: September 28, 2015 VA home loans are low-cost, flexible and borrower-friendly. And they’re soaring in popularity. It’s no wonder that eager sellers want to tap into …