Monthly Archives: June 2023
Key Arguments in Favor of Using a Real Estate Agent When Selling [INFOGRAPHICS]
Selling your home can be a daunting task, but having an expert agent on your side can make a world of difference. An agent’s skill set and expertise are invaluable when it comes to setting a realistic price, developing a marketing plan, managing negotiations, providing professional guidance, and saving you time and hassle. With an... Read More
Selling Your Home? Don’t Worry, New Home Construction Is on the Rise
You’re not alone if you want to sell your home but put it off because you fear the current housing market won’t allow you to find another place to live. However, there is some good news that might allay your concerns. As a percentage of the available housing stock, new home construction is rising and... Read More
Why the Housing Market Is Different Today: The Role of Lending Standards
You may be concerned that the housing market is about to crash, but there are a number of reasons why this housing market is different from the one we experienced in 2008. One of them is the variation in lending standards today. Here are some examples of the data that support it. The Mortgage Credit... Read More
Why Homeownership Wins in the Long Run
While it’s true that this year presents special challenges for homebuyers, it’s crucial to consider the long-term advantages of homeownership when making your decision given the higher mortgage rates, inflationary pressures, and worries about a potential recession that exist today. Think about it: It’s likely difficult to find someone who regrets buying a home if... Read More
The Challenges of Selling Your Home Without a Real Estate Agent: What You Should Know
Selling a house is a complex process that requires careful consideration of various factors. While some homeowners choose to sell their homes themselves, known as a FSBO (For Sale by Owner), they often face numerous challenges without the guidance and expertise of a real estate agent. If you’re currently considering selling your house on your... Read More
Inflation High? 🏠 Homeownership Stabilizes Expenses [INFOGRAPHIC]
Are you considering purchasing a home despite high inflation rates? Well, buying a home can actually assist in maintaining fixed monthly housing expenses amidst rising costs due to inflation. Inflation often leads to an increase in rent prices. This is evident from the fact that 65.1% of landlords plan to increase rent for at least... Read More
The Importance of Your Credit Score in Homebuying
Are you thinking about buying a home? You may already have a list of things to consider, like the location, the size of the property, and the features of your dream house. But one critical piece of the puzzle that you should not overlook is your credit score. Your credit score is a key factor... Read More
Energy Efficiency and Eco-Friendly Features are Top Priorities for Homebuyers this Summer
Selling a house can be a daunting task, but did you know that making your home energy efficient and eco-friendly can make it even more appealing to buyers? This is especially true as summer officially begins and homebuyers become more environmentally conscious. According to the National Association of Realtors’ 2023 Realtors and Sustainability Report, nearly... Read More
Why the Median Home Price Is Meaningless in the Current Market
The National Association of Realtors (NAR) will soon release its report on Existing Home Sales, but it be confusing to read that the median home prices are going down while some blogs claim they are going up. The NAR reports the median home sales price, where half sold for more and half sold for less, which can be misleading due to high-end sales. Buyers mostly focus on monthly mortgage payments, not just the price of the house, so when mortgage rates are higher, more buyers purchase less-expensive homes. This leads to a decline in the median price but doesn't mean any single house lost value. Therefore, using the median home price as a gauge of what's happening with home values isn't worthwhile right now. Read More
Here are some tips for saving for a down payment
Buying your first home can be overwhelming, but a 20% down payment is not required. The median down payment for all homebuyers is 14%, and for first-time buyers, it's just 6%. Over 2,000 homebuyer assistance programs aid in down payments, and loan types like VA, USDA, and FHA offer 100% financing or require just 3.5% down payment. Research and connect with a trusted lender to learn about affordable loan options and down payment assistance programs. Homeownership is achievable; don't let common myths hold you back. Read More
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