The Connection Between Home Prices and Family Wealth

First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing
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Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in
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Renting or Buying… Either Way You’re Paying a Mortgage

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
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There are some people who have not purchased homes because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained this month
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The Foreclosure Crisis: 10 Years Later

Distressed Properties, For Buyers, For Sellers, Foreclosures, Housing Market Updates
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CoreLogic recently released a report entitled, United States Residential Foreclosure Crisis: 10 Years Later, in which they examined the years leading up to the crisis all the way through to present day. With a peak in 2010 when nearly 1.2 million homes were foreclosed on, over 7.7 million families lost their homes throughout the entire
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What Are the Experts Saying about Mortgage Rates?

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
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Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying: Laurie Goodman, Co-director of the Urban Institute’s Housing Finance Policy Center: “In 1984, 1994, 2000, and 2013, every
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The Impact of Homeownership on Family Health

First Time Home Buyers, For Buyers, Move-Up Buyers
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The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans: “Owning a home embodies the promise of individual autonomy and is the aspiration of most American households. Homeownership allows households to accumulate wealth and social status, and is the
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