Posts Tagged ‘home buying’
Housing Will Not Fall Victim to Next Economic Storm
Some experts are calling for a slowdown in the economy later this year and most economists have predicted that the next recession could only be eighteen months away (2020?). The question is, what impact will a recession have on the housing market? Here are the opinions of several experts on the subject: Ivy Zelman in…
Read MoreWhich Downpayment Option is Right for You?
You’ve most likely heard the rule: Save for a 20-percent down payment before you buy a home. The logic behind saving 20 percent is solid, as it shows that you have the financial discipline and stability to save for a long-term goal. It also helps you get favorable rates from lenders. But there can actually…
Read More5 Ways Tax Reform Has Impacted the 2018 Housing Market
Starting late last year, some predicted that the 2018 tax changes would cripple the housing market. Headlines warned of the potential for double-digit price depreciation and suggested that buyer demand could drop like a rock. There was even sentiment that homeownership could lose its coveted status as a major component of the American Dream. Now…
Read MoreHow Big of a Home do You Need
How Big of a Home Do You Need? When buying a new house, it’s easy to get distracted by size and think that bigger is better. However, depending on your situation, the opposite may be true. So how can you determine if your new home is too small, too big, or “just right?” You’ll want…
Read More5 Simple Steps for a Better Home Appraisal
If you’re looking to refinance your home or possibly sell, you’ll need a killer appraisal. A bank will not refinance a home for more than it is worth, and a potential buyer will not pay more than the recognized value of the home. Here are 5 simple steps for a better home appraisal. Tidy your…
Read MoreWhy Home Prices Are Increasing
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 levels when they…
Read MoreNew Study Shows Best States for Millennials
A new study by WalletHub used “30 key metrics, ranging from share of millennials to millennial unemployment rate to millennial voter-turnout rate” to find out which states are the ‘Best States for Millennials.’ The Top 5 Best States for Millennials are: Washington, D.C. (also ranks highest in percentage of millennials already living there!) North Dakota (lowest unemployment rate) Minnesota (highest millennial homeownership rate) Massachusetts (highest percentage…
Read MoreImpact Rising Rates Have on House Values
Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% or beyond by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will…
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