What’s Going On With Home Prices?

By | Buying A Home, General, Selling Your Home

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change, “The rise in mortgage rates this summer to their highest… Continued

November 8, 2018

The True Cost Of NOT Owning Your Home

By | Buying A Home

  Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains… Continued

October 26, 2018

Rents Are On The Rise: Don’t Get Caught In The Rental Trap!

By | Buying A Home, General

  There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by Apartment List addressed rising rents by stating: “Our national rent index is up 0.1 percent month-over-month, marking the sixth straight month… Continued

September 6, 2018

Millionaire To Millennials: Owning Your Home Can Help You Retire Sooner!

By | Buying A Home, General

  In a CNBC article, self-made millionaire David Bach explained that: “Buying a home is the escalator to wealth in America. Homeownership can also help you retire early, that is, if you pay your mortgage off.” Bach suggests that homebuyers should, “Take out a 30-year mortgage, but with the intention of paying it off in 25, 20 or ideally,… Continued

August 7, 2018

Rising Interest Rates Have Not Dampened Demand

By | Buying A Home, General, Selling Your Home

    Since the beginning of the year, mortgage interest rates have risen over a half of a percentage point (from 3.95% to 4.52%), according to Freddie Mac. Even a small rise in interest rates can greatly impact a buyer’s monthly mortgage payment. First American recently released the results of their quarterly Real Estate Sentiment Index (RESI), in which they surveyed title… Continued

July 11, 2018