Posts Tagged ‘buying’
Balancing Wants and Needs as a Homebuyer this Spring
Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way: “While the number of homes for sale is increasing, it is still 43.2% lower than it was before the pandemic…
Read MoreThe Overlooked Financial Advantages of Homeownership
There are many clear financial benefits to owning a home: increasing equity, building net worth, growing appreciation, and more. If you’re a renter, it’s never too early to make a plan for how homeownership can propel you toward a stronger future. Here’s a dive into three often-overlooked financial benefits of homeownership and how preparing for…
Read MoreWill Your Side Hustle Help Buy You a House This Year?
Contrary to some opinions, millennials tend to be very resourceful and not afraid to work hard. It’s not uncommon to hear of them having two jobs or a full-time job with a side business. I’m a millennial myself – born in 1982 I’m an original millennial – and I have had a side “hustle” for…
Read MoreBuyer Demand Still Outpacing Supply of Homes
The price of any item is determined by the supply of that item, as well as 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) and…
Read MoreThinking of New Construction? Yes, You Should Have An Agent
The allure of new construction – a brand new home, finishes you picked out, and the peace of mind that you won’t have to do any upgrades in the foreseeable future. While the reward is great, the construction process can be overwhelming and cumbersome for most buyers. And one of the biggest mistakes buyers make…
Read MoreTop 4 REAL Reasons We Buy a Home
We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful or compelling reasons. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain…
Read MoreWhat is the Cost of Waiting Until Next Year to Buy?
I’ve shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over…
Read MoreThe Cost of NOT Owning Your Home
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. Zillow recently reported that: “In reality, buying or renting a home is an intensely personal decision, with…
Read MoreDon’t Fear When Applying for a Mortgage
A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll…
Read MoreLack of Inventory Slowing Home Sales
Some Highlights: The National Association of Realtors (NAR) recently released their latest Existing Home Sales Report. First-time homebuyers made up 31% of all sales in August. Homes are selling quickly with 51% of homes on the market for less than a month. A limited supply continues to drive up prices for the 66th consecutive…
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