6 Graphs Showing the Strength of the Current Housing Market Some Highlights: Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of only … Continue reading Strength of The Housing Market
5 Powerful Reasons to Own Instead of Rent Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater … Continue reading 5 Powerful Reasons to Own Instead of Rent
It’s like selling a car. You have choices. You can FSBO it or you can take it to a dealer. It’s common knowledge that you’ll get more for the car if you sell it yourself, though. It’s also a hassle to DIY a car sale. Those who want to avoid having to clean and repair … Continue reading Are iBuyers Competition?
Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting home sales will increase nicely in 2020. Below is a chart depicting the projections of each entity for 2019, as well as for 2020.As we can see, Freddie Mac, Fannie Mae, and the Mortgage Bankers Association all believe homes sales will increase steadily over the next year. If you’re a homeowner who has considered … Continue reading Home Sales Expected to Continue Increasing In 2020
This morning I got this article from Okshana Sherman and I thought I’d share. She Writes: I’d like to address one of the questions that many of my clients have when we discuss a mortgage application process: When you pull my credit for a mortgage, is it a hard pull or a soft pull? A … Continue reading Hard credit check versus soft credit check: What’s the difference?
Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by … Continue reading A Great Way to Increase Your Family’s Net Worth
When someone is thinking about buying or selling a home, they want to be well-informed. They want to make the right decision for themselves and their family. They scour the internet for any information they can find about the housing market. Today, there is an abundance of information available. It is often conflicting news. It … Continue reading 5 Easy Steps to Avoid Overwhelm from Media Overload
We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur? Changes in single-family home values can have profound impacts on consumer balance sheets, spending patterns, investor psychology, and global financial markets. … Continue reading How to Judge the Impact of the Next Economic Slowdown on Housing
The U.S. Census Bureau recently released their 2019 Q2 Homeownership Report. Some began to see the sky falling, believing the report showed Americans may be stepping back from their belief in homeownership. The national homeownership rate (Americans who owned vs. rented their primary residence) increased significantly during the housing boom, reaching its peak of 69.2% in … Continue reading Why All the Chicken Littles Should Calm Down!
Should you Refinance your home? With the recent lower interest rates, many homeowners are wondering if they should refinance. To decide if refinancing is the best option for your family, start by asking yourself these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most … Continue reading Refinance – Is it worth it?