Is Your First Home Within Your Grasp?

First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers
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Some Highlights: ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old. More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now! Give
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Home Mortgages: Rates Up, Requirements Easing

Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
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The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased while rates have risen. The Mortgage Bankers Association (MBA) quantifies the
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Careful…Don’t Get Caught in the Rental Trap!

First Time Home Buyers, For Buyers, Move-Up Buyers
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There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of
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Millionaire to Millennials: Buy Now!

First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers
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Self-made millionaire David Bach was quoted in a CNBC article explaining that “the single biggest mistake millennials are making” is not purchasing a home because buying real estate is “an escalator to wealth.” Bach went on to explain: “If millennials don’t buy a home, their chances of actually having any wealth in this country are little to none. The
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Home Prices Up 6.15% Across the Country!

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing
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Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more! Alaska, Delaware, West Virginia & Wyoming were the
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