What Is The #1 Financial Benefit of Homeownership?
There are many financial and non-financial benefits of homeownership, and the greatest financial one is wealth creation. Homeownership has always been the first rung on the ladder that leads to forming household wealth. As Freddie Mac explains: “Homeownership has cemented its role as…
Do I Really Need 20% Down To Buy A Home?
I have been getting the question a lot lately from buyers if they need 20% down to buy a home. That may be true with an investment property or second home but for your primary residence that is not the…
With Home Values Surging, Is it Still Affordable to Buy Right Now?
Housing inventory is at an all-time low. Realtor.com just reported that there are 39% fewer homes for sale today than there were last year. At the same time, buyer demand remains strong. In a recent newsletter, research analyst Ivy Zelman explained: “Although the headwind of severe…
Everyone Is Asking…How Long Will Mortgage Rates Stay This Low?
I wish I had a crystal ball for the question. “When will interest rates go up?”. It is one of the most common questions I am asked. This is what I do know… In 2020, buyers got a big boost…
Home Values Projected to Keep Rising
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules…
Fall is the new spring in real estate!
I’ve had a couple of inquiries from people wondering about putting their home on the market in the Fall. Typically that is something that is less desirable over listing your home in Spring. Due to the Stay at Home Order…
Recession? Yes. Housing Crash? No.
With over 90% of Americans now under a shelter-in-place order, many experts are warning that the American economy is heading toward a recession, if it’s not in one already. What does that mean to the residential real estate market? What…
6 Economists Predict…
what the 2020 housingmarket has in store Low supply and high demand will drive the housing market amidst age milestones for millennials and baby boomers Historically low mortgage rates, booming home price growth, inadequate inventory levels, and debates about crumbling…
Forget the Price of the Home. The Cost is What Matters.
Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic…
You Need More Than A Guide
In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you navigate the process. You need someone you can turn to who will tell you how to price your home correctly…
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