Money & You

Buyer Advice and Aid Renters Paying Substantially More While Owning Costs Less Renters Paying Substantially More While Owning Costs Less In a recent Insights Blog, CoreLogic reported that rent prices have skyrocketed since 2005. Meanwhile, the typical mortgage payment has actually decreased. “CoreLogic’s national rent index was up 36% in December 2018 compared with December 2005, while the typical mortgage payment was down 4% over that period.” Why the difference […]
Buyer Advice and Aid Selling Your House: Here’s Why You Need A Pro In Your Corner Selling Your House: Here’s Why You Need A Pro In Your Corner! With home prices on the rise and buyer demand still strong, some sellers may be tempted to try to sell their homes on their own rather than using the services of a real estate professional. Real estate agents are trained and experienced in negotiation while, in most […]
Buyer Advice and Aid Slaying Myths About Buying A Home Slaying the Largest Homebuying Myths Today [INFOGRAPHIC] Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the last 12 months! The average credit score on […]
Money & You What to Consider When Choosing Your Home to Retire In What to Consider When Choosing Your Home To Retire In As more and more baby boomers enter retirement age, the question of whether they should sell their homes and move has become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to […]
Buyer Advice and Aid 3 REASONS RENTERS WANT TO BUY A HOME
Money & You Looking to Upgrade Your Current Home? Now’s the Time to Move-Up! Looking to Upgrade Your Current Home? Now’s the Time to Move-Up! In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great […]
Money & You The Enormous Divide Between the Headline and the Truth The Enormous Divide Between the Headline and the Truth “I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s) Even back in the mid-1800s, people knew that negative news sells. […]
Buyer Advice and Aid Do 46 Million Millennials Know They Are Mortgage Ready? Do 46 Million Millennials Know They Are Mortgage Ready? Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as getting married, having kids, and buying […]
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Money & You Want to Increase Your Family’s Wealth? Here’s How! Want To Increase Your Family’s Wealth? Here’s How! Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you […]
Buyer Advice and Aid The Cost of Renting vs. Buying
Buyer Advice and Aid Home Ownership is a Cornerstone of the American Dream Homeownership is a Cornerstone of the American Dream “The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash, that percentage continued to […]
Money & You Why an Economic Slowdown Will NOT Crush Real Estate this Time Why an Economic Slowdown Will NOT Crush Real Estate this Time Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a recession in 2019, 42% say a recession […]
Buyer Advice and Aid No Worries… Home Prices Coming in for a SOFT Landing No Worries… Home Prices Coming in for a SOFT Landing Home prices have appreciated considerably over the last five years. This has some concerned that we may be in for another dramatic correction. However, recent statistics suggest home values will not crash as they did a decade ago. Instead, this time they will come in […]
Buyer Advice and Aid Interest Rates Hit New 12 Month Low Interest Rates Hit New 12 Month Low! According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near […]
Buyer Advice and Aid What Are the Benefits of Becoming a Homeowner? What are the Benefits of Becoming a Homeowner? Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date important? Homeownership is not just […]
Money & You How Can I Increase My Family’s Net Worth? How Can I Increase My Family’s Net Worth? Every three years, the Federal Reserve conducts their 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 time, […]
Money & You 3 Reasons Why We Are Not Heading Toward Another Housing Crash 3 Reasons Why We Are Not Heading Toward Another Housing Crash With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will […]
Buyer Advice and Aid 2019 Will Be a Great Year for Buyers And Sellers 2019 Will Be a Great Year for Buyers AND Sellers Many homeowners believe that rising interest rates and home prices have scared away buyers and therefore have not listed their houses for sale. However, the truth is that buyers who were unable to find a home last year are out in force, and there are even more coming! NerdWallet’s 2018 […]
Money & You Millionaire To Millennials: Don’t Get Stuck Renting A Home…Buy One! Millionaire To Millennials: Don’t Get Stuck Renting A Home… Buy One! In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy a home.” […]
Money & You First Comes Love…Then Comes Mortgage? Couples Lead the Way First Comes Love… Then Comes Mortgage? Couples Lead the Way According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2018 at 54% of all buyers. It is no surprise that buying a home is more attainable with two incomes to save for down […]