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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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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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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