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 a home. However, that does not mean that theyContinue reading “Do 46 Million Millennials Know They Are Mortgage Ready?”

Is it Really a Good Time to Sell My Home?

Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at a slower rate. The homeownership rate has reached heights last seen in 2014, with millennialsContinue reading “Is it Really a Good Time to Sell My Home?”

On Average, Homeowners Are Worth 40x’s More Than Renters??

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.” Bach went on to explain: “Homeowners are worth 40 times moreContinue reading “On Average, Homeowners Are Worth 40x’s More Than Renters??”

What can you afford when it comes to buying a home? Is it worth it?

Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market wasContinue reading “What can you afford when it comes to buying a home? Is it worth it?”

Student Loans and Buying a Home. Will This Impact You?

Over the course of the last thirty years, a shift has happened. An entire generation has been raised to believe that a college education is their key to unlocking opportunities that were not available to their parent’s or grandparent’s generations. Due to this, student loan debt has soared to $1.5 trillion and represents the largestContinue reading “Student Loans and Buying a Home. Will This Impact You?”

With Increased Values, Is Housing Still Affordable?

Housing is still extremely affordable historically speaking. A loaf of bread used to be a nickel. A movie ticket was a dime.  Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase.Continue reading “With Increased Values, Is Housing Still Affordable?”

Buying a Home When You’re Younger Increases Your Odds of Building Wealth

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became homeowners at a younger age than today’s young adults. Half theContinue reading “Buying a Home When You’re Younger Increases Your Odds of Building Wealth”

The Absolute First Step When Buying a Home.

Buying a House This Year? This Should Be Your 1st Step! In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buyingContinue reading “The Absolute First Step When Buying a Home.”

Interest Rates Took a Dip. Does That Mean That They Will Stay That Low?

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market Survey. After the first week of 2019, rates have continued their downward trend. As FreddieContinue reading “Interest Rates Took a Dip. Does That Mean That They Will Stay That Low?”