Category: For Buyers
You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]
Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%. Read More
Experts Forecast a Turnaround in the Housing Market in 2023
The housing market has gone through a lot of change recently, and much of that was a result of how quickly mortgage rates rose last year. Read More
Rent or Buy a home? Analyzing your fears. (Part 3 of 4)
Rent or Buy a home? What is the right choice? (Part 1 of 4) Rent or Buy a home? Weighing your commitment. (Part 2 of 4) Rent or Buy a home? Analyzing your fears. (Part 3 of 4) … (Part 4 of 4) What if the market goes down? One of the most common concerns... Read More
Homeownership Builds Your Wealth over Time [INFOGRAPHIC]
Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Read More
Why It Makes Sense To Move Before Spring
Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. Read More
Why You Shouldn’t Fear Today’s Foreclosure Headlines
If you’ve seen recent headlines about foreclosures surging in the housing market, you’re certainly not alone. There’s no doubt, the stories in the media can be pretty confusing right now. They may even make you think twice about buying a home for fear that prices could crash. The reality is, the data shows a foreclosure crisis is not where the market is headed, and understanding what that really means is mission critical if you want to know the truth about what’s happening today. Here’s a deeper look. Read More
The 3 Factors That Affect Home Affordability
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: Read More
Rent or Buy a home? Weighing your commitments. (Part 2 of 4)
Rent or Buy a home? What is the right choice? (Part 1 of 4) Rent or Buy a home? Weighing your commitment. (Part 2 of 4) Rent of Buy a home? Analyzing your fears. (Part 3 of 4) … (Part 4 of 4) It’s a common misconception that rent is “dead money,” and not owning... Read More
Pre-Approval in 2023: What You Need To Know
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: Read More
Have Home Values Hit Bottom?
Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. Read More