Move-Up Buyers Archives - Page 2 of 7 - J.P. Cook

The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four months. This is the major reason home prices have continued to appreciate at higher levels than historic averages. The good news is

Why Working with a Local Real Estate Professional Makes All the Difference

July 31, 2017

First Time Home Buyers, For Buyers, For Sellers, Millennials, Move-Up Buyers

0 Comments

If you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the

Is Now a Good Time to Rent?

July 14, 2017

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers

0 Comments

People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph

Is 2017 the Year to Move Up to Your Dream Home? If So, Do It Early!

July 5, 2017

For Buyers, Interest Rates, Move-Up Buyers

0 Comments

If you are considering moving up to your dream home, it may be better to do it earlier in the year than later. The two components of your monthly mortgage payment (home prices and interest rates) are both projected to increase as the year moves forward, and interest rates may increase rather dramatically. Here are

Your Opportunity to Achieve the American Dream Keeps Getting Better!

July 4, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

0 Comments

Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs. The national

Mortgage Interest Rates Reverse Course in 2017

June 8, 2017

First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers

0 Comments

To start the year, housing experts all agreed on one thing: 2017 was going to be the year we would see mortgage interest rates begin to rise. After years of historically low rates, and an improving economy, the question wasn’t if they would increase but instead how much they would increase. Some thought we could

5 Reasons to Hire a Real Estate Professional When Buying or Selling!

June 7, 2017

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers

0 Comments

Whether you are buying or selling a home it can be quite an adventurous journey, which is why you need an experienced real estate professional to guide you on the path to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or

3 Reasons the Housing Market is NOT in a Bubble

June 6, 2017

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers

0 Comments

With housing prices appreciating at levels that far exceed historical norms, some are fearful that the market is heading for another bubble. To alleviate that fear, we just need to look back at the reasons that caused the bubble ten years ago. Last decade, demand for housing was artificially propped up because mortgage lending standards

Get All the Facts about PMI

May 22, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

0 Comments

When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance

Do You Know the Cost of NOT Owning Your Home?

May 15, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

0 Comments

Owning a home has great financial benefits, yet many continue renting! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow recently reported that: “With Rents continuing to climb and interest rates staying low, many