Homeowners Aged 65+ Have 48x More Net Worth Than Renters
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016.
The study revealed that ...
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Posted by Alex Maynard on December 4, 2018 in Buying a Home
4 Reasons to Buy A Home This Winter!
Here are four great reasons to consider buying a home today instead of waiting.
1. Prices Will Continue to Rise
CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 ...
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Posted by Alex Maynard on December 3, 2018 in Buying a Home
24% of Renters Believe Winter is the Best Time to Buy a Home
In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the ...
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Posted by Alex Maynard on November 29, 2018 in Buying a Home
Buyers: Don’t Be Surprised by Closing Costs!
Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage?
By law, a homebuyer will receive a loan estimate from their ...
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Posted by Alex Maynard on November 26, 2018 in Buying a Home
75% of Renters Have Been Misinformed
Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they ...
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Posted by Alex Maynard on November 8, 2018 in Buying a Home
Why Has Housing Supply Increased as Sales Have Slowed Down?
According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of ...
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Posted by Alex Maynard on November 7, 2018 in Buying a Home
Is Getting a Home Mortgage Still Too Difficult?
Potential homebuyers are always cautioned to be aware of mortgage lending standards and the difficulty they might face when trying to obtain a mortgage. Credit availability is expanding, making it easier to get a mortgage now than it was a year ago....
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Posted by Alex Maynard on December 20, 2017 in Buying a Home
Common Things to Look Out for Before Buying Your Dream Home
It is easy to become overwhelmed when you enter the home buying market. Friends, family, colleagues, and even acquaintances will give you their opinions if you are a first time home buyer. While most of them are looking out for your best interest, ...
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Posted by Alex Maynard on December 20, 2017 in Buying a Home
Will Increasing Mortgage Rates Impact Home Prices?
There has been some discussion recently on home prices in relation to mortgage rates. Some believe if there is a rapid rise of mortgage rates, home prices should decrease. Logically it makes the most sense for the price of the house to drop when ...
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Posted by Alex Maynard on December 20, 2017 in Buying a Home