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Blog Image: 25% Of Homes With A Mortgage Are Now Equity Rich!

25% Of Homes With A Mortgage Are Now Equity Rich!

Rising home prices have been in the news a lot lately and much of the focus has been on whether home prices are accelerating too quickly, as well as how sustainable the growth in prices really is. One of the often-overlooked benefits of rising prices, however, is the impact that they have on a homeowner’s equity position. Home equity is defined as the difference between the home’s fair market value and the outstanding balance of all liens (loans) on the property. While homeowners pay down their mortgages, the amount of equity they have in their homes climbs each time the value o...

February 17th, 2019 | Sale Your Home, Market Updates, Home Upgrading, 25% Of Homes With A Mortgage Are Now Equity Rich!

Blog Image: 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 Home Buyer Report revealed that: “Approximately one-third (32%) of Americans plan to purchase a home in the next five years. Millennials are most likely to have such a purchase in their five-year plan (49%), versus 35% of Generation X and 17% of baby boomers.&rdq...

January 19th, 2019 | Market Updates, 2019 Will Be A Great Year For Buyers AND Sellers

Blog Image: Home Costs With Rates Across Time - [INFOGRAPHIC]

Home Costs With Rates Across Time - [INFOGRAPHIC]

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your monthly mortgage cost is significant! Lock in a low rate now while you can!

January 10th, 2019 | Market Updates, First Time Buyer, Home Costs With Rates Across Time - [INFOGRAPHIC]

Blog image: What Is The Cost Of Waiting Until Next Year To Buy? [INFOGRAPHIC]

What Is The Cost Of Waiting Until Next Year To Buy? [INFOGRAPHIC]

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to!

January 8th, 2019 | Market Updates, First Time Buyer, What Is The Cost Of Waiting Until Next Year To Buy? [INFOGRAPHIC]

Blog Image: Belief In Homeownership As An Investment Is Far From Dead

Belief In Homeownership As An Investment Is Far From Dead

Following last year’s real estate market was like riding a rollercoaster. The market started off strong in 2018 and then softened before finishing with a mild flurry. However, one thing that did not waiver was America’s belief that owning a home makes sense from a financial standpoint. An end-of-the-year survey by the Federal Reserve Bank’s Center for Microeconomic Data revealed that: “The majority of households continue to view housing as a good financial investment.” And that percentage has increased over the last three year...

November 27th, 2018 | Market Updates, Rent vs Buy, Belief In Homeownership As An Investment Is Far From Dead

Blog Image: Dispelling The Myth About Home Affordability

Dispelling The Myth About Home Affordability

We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years? The reason is that homes were less affordable 25, 20, or even 11 years ago than they are today. Obviously, buying a home is more expensive now than during the ten years immediately following one of the worst housing crashes in American history. Over the past decade, the market was flooded ...

October 11th, 2018 | Market Updates, Dispelling The Myth About Home Affordability