Housing Inventory Vanishing: What Is the Impact on You?

By | Buying A Home, General, Selling Your Home

  The real estate market is expected to do very well this year as mortgage rates remain at historic lows. One challenge to the housing industry is the lack of homes available for sale. Last week, move.com released a report showing that 2020 is beginning with the lowest available housing inventory in two years. The report explains: “Last month… Continued

January 16, 2020

2020 Luxury Market Forecast

By | Buying A Home, General

By the end of last year, many homeowners found themselves with more equity than they realized, and at the same time their wages were increasing. When those two factors unite, it can spark homeowners to think about making a move to a larger or more expensive home in the luxury space. That said, now is… Continued

January 14, 2020

Buying a Home Early Can Significantly Increase Future Wealth

By | Buying A Home, General

  According to an Urban Institute study, homeowners who purchase a house before age 35 are better prepared for retirement at age 60. The good news is, our younger generations are strong believers in homeownership. According to a Freddie Mac survey, “The dream of homeownership is alive and well within “Generation Z,” the demographic cohort following Millennials. Our survey…finds… Continued

January 13, 2020

Big Demand for Small Homes

By | General

  Movies, tv shows, and celebrities often have us dreaming of owning large homes, but the reality for most people is quite different. Since 2015, the square footage of newly built houses has been shrinking, according to Yahoo Finances. This is not projected to change as we continue into the beginning of the year. “We expect… Continued

January 7, 2020

December 2019: The Buyer Stakes Are High Because Inventory Is Low

By | Buying A Home, General

  The reality of what we’re seeing this month is that homes are selling fast. In today’s strong seller’s market, bidding wars are common and expected with starter or entry-level homes. In most areas of the country, first-time buyers have been met with fierce competition throughout their homebuying experience. Some have been out-bid multiple times before finally… Continued

December 16, 2019

The True Cost of Not Owning Your Home

By | Buying A Home, General

  There are great advantages to owning a home, yet many people continue to rent. The financial benefits are just some of the reasons why homeownership has been a part of the long-standing American dream. Realtor.com reported that: “Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in… Continued

November 26, 2019

2 Myths Holding Back Home Buyers

By | Buying A Home, General

  In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,  “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers…. Continued

November 18, 2019