Money & You

Money & You iBuyers: What Is the “Cost of Convenience” When Selling Your Home? iBuyers: What Is the “Cost of Convenience” When Selling Your Home? When thinking about selling their house, homeowners have many options. A relatively new option is using an “iBuyer.” What is an iBuyer? According to Jovio, the definition is: “A company or investor that uses Automated Valuation Models (AVMs) to make instant offers on homes. It […]
Buyer Advice and Aid A Latte a Day Keeps Homeownership Away A Latte a Day Keeps Homeownership Away [INFOGRAPHIC] Some Highlights: The pumpkin spice latte is launching soon, so you may be tempted to spend your extra cash on a daily caffeine fix, but that small expense can add up to a big number – fast! Saving for a down payment takes a little discipline, so […]
Money & You A Recession Does Not Equal A Housing Crisis!
Money & You A Great Way to Increase Your Family’s Net Worth A Great Way to Increase Your Family’s Net Worth Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same […]
Money & You Busting the Myth About a Housing Affordability Crisis Busting the Myth About a Housing Affordability Crisis It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home […]
Money & You 5 Real Estate Reality TV Myths Explained 5 Real Estate Reality TV Myths Explained Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting. When you’re in the middle of your real […]
Buyer Advice and Aid Rent vs. Own Rent Vs. Own [INFOGRAPHIC] Some Highlights: Owning your own home vs. renting may lead to some great options, such as locking in your monthly payments and having the freedom to customize your living space. Whether you rent or own, you have to cover someone’s mortgage costs. You may as well be doing so to build […]
Buyer Advice and Aid How Much Do You Know About Down Payments? How Much Do You Know About Down Payments? Whether you’ve owned a home before, or you’re ready to jump into homeownership for the first time, there are always a lot of questions swirling around about what is truly required for a down payment, and how to best source down payment assistance. Let’s tackle these two […]
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Money & You Advantages of Buying A Home: Ahh Privacy!
Money & You Millionaire to Millennials: The Costly Mistake of Not Buying Now Millionaire to Millennials: The Costly Mistake of Not Buying Now On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s a […]
Money & You Existing Home Sales Point Toward a Good Time to Sell! Existing Home Sales Point Toward a Good Time to Sell [INFOGRAPHIC] Some Highlights: Existing Home Sales dropped 1.7% from May to a seasonally adjusted annual rate of 5.27 million in June. Low inventory levels are still a factor in the market. The current supply of homes for sale is at 4.4 months, which is less than […]
Money & You How to Increase Your Equity Over the Next 5 Years How to Increase Your Equity Over the Next 5 Years Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers. Here are the results from the Q2 2019 Survey: Home values will appreciate by 4.1% in […]
Buyer Advice and Aid Is Renting Right for Me? Is Renting Right for Me? If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize. According to the 2018 Bank of America Homebuyer Insights […]
Buyer Advice and Aid The Cost of Waiting: Interest Rates Edition The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] Some Highlights: Interest rates are projected to increase steadily heading into 2020. The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be. Rates are still low right now – don’t wait until they hit 5% […]
Money & You Should I Refinance My Home? Should I Refinance My Home? With the recent lower interest rates, many homeowners are wondering if they should refinance. To decide if refinancing is the best option for your family, start by asking yourself these questions: Why do you want to refinance? There are many reasons to refinance, but here are three of the most […]
Money & You Americans’ Powerful Belief in Home-Ownership as an Investment Americans’ Powerful Belief in Homeownership as an Investment The Federal Reserve Bank (The Fed) recently released their 2019  Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are […]
Money & You 5 Powerful Reasons to Own Instead of Rent 5 Powerful Reasons to Own Instead of Rent Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater […]
Money & You Now’s the Time to Move-Up and Upgrade Your Current Home! Now’s the Time to Move-Up and Upgrade Your Current Home! Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade […]
Buyer Advice and Aid Having a Professional on Your Side Makes All the Difference! Having a Professional on Your Side Makes All the Difference! In today’s fast-paced world where answers are a Google search away, there are some who may wonder what the benefits of hiring a real estate professional to help them in their home search are. The truth is, the addition of more information causes more confusion. Shows like Property […]
Buyer Advice and Aid What You Need to Know About Private Mortgage Insurance (PMI) What You Need to Know About Private Mortgage Insurance (PMI) Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you […]