Buying Myths

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The Surprising Profile of the Real Estate Investor

Over 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors? Many have speculated that the large institutional conglomerates such as Blackstone, American Homes 4 Rent, and Colony Starwood dominate investor purchases. However, a special report on investor home buying by CoreLogic, Don’t Call it a [...]

By |2019-07-18T04:05:32-07:00July 18th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on The Surprising Profile of the Real Estate Investor

Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now! Content previously posted on Keeping Current Matters

By |2019-07-12T03:05:41-07:00July 12th, 2019|Categories: Buying Myths, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Millennials, Move-Up Buyers|Comments Off on Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

Now’s the Time to Move-Up and Upgrade Your Current Home!

Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house. Much of the demand for housing [...]

By |2019-07-08T03:04:34-07:00July 8th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Luxury Market, Move-Up Buyers|Comments Off on Now’s the Time to Move-Up and Upgrade Your Current Home!

Is Mortgage Debt out of Control?

The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their [...]

By |2019-07-03T03:01:14-07:00July 3rd, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on Is Mortgage Debt out of Control?

Millennials Are Increasing the Demand for Condominiums

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications [...]

By |2019-07-02T03:05:11-07:00July 2nd, 2019|Categories: Buying Myths, Demographics, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Millennials, Move-Up Buyers, Rent vs. Buy|Comments Off on Millennials Are Increasing the Demand for Condominiums

2 Myths Holding Back Home Buyers

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save [...]

By |2019-06-10T04:00:38-07:00June 10th, 2019|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers|Comments Off on 2 Myths Holding Back Home Buyers

The Benefits of a 20% Down Payment

If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth [...]

By |2019-05-08T03:07:14-07:00May 8th, 2019|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers|Comments Off on The Benefits of a 20% Down Payment

Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]

Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on approved loans continues to fall across many [...]

By |2019-04-12T03:04:14-07:00April 12th, 2019|Categories: Buying Myths, Down Payments, First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Interest Rates, Move-Up Buyers, Pricing, Rent vs. Buy|Comments Off on Slaying the Largest Homebuying Myths Today [INFOGRAPHIC]

The Enormous Divide Between the Headline and the Truth

“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s) Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of [...]

By |2019-03-26T03:08:19-07:00March 26th, 2019|Categories: Buying Myths, First Time Home Buyers, For Agents, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Selling Myths|Comments Off on The Enormous Divide Between the Headline and the Truth

How to Get a Better Perspective on Affordability

Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was [...]

By |2019-02-27T18:11:58-07:00February 27th, 2019|Categories: Buying Myths, First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing|Comments Off on How to Get a Better Perspective on Affordability