Monthly Archives: August 2015

New York Times: Homeownership is Best Way To Build Wealth

The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. In a New York Times editorial entitled, “Homeownership and Wealth Creation” they explain: “Homeownership … Continue reading

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NAR’S Latest Existing Home Sales Report INFOGRAPHIC

Some Highlights: Existing Home Sales are up 10.3% year-over-year across the country. Sales rose to an annual rate of 5.59 million marking the 10th month in a row of year-over-year gains Prices are up 5.6% year-over-year in the U.S. to … Continue reading

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52% Likely to Buy in the Next 5 Years!! Are You?

According to the recently released BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said they would be willing to pay an … Continue reading

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Should I Wait to Put Down a Bigger Down Payment?

Some experts are advising that first time and move-up buyers wait until they save up 20% before they move forward with their decision to purchase a home. One of the main reasons they suggest waiting is that a buyer must … Continue reading

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Don’t Get Caught In The Renter’s Trap

There are many benefits to homeownership. One of top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage. The National Association of Realtors (NAR) released their findings … Continue reading

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More Home for a Lower Cost of Housing

What if you could live in a larger and possibly newer home for less than you are currently? Would you consider moving? Do you want to hear more? Interest rates, while they’re expected to go up, actually took a small … Continue reading

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What You Do Not Need To Hear From Your Listing Agent!

You’ve decided to sell your house. You begin to interview potential real estate agents to help you through the process. You need someone you trust enough to: Set the market value on possibly the largest asset your family owns (your … Continue reading

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Home Prices Up in 93% of Measurable Markets INFOGRAPHIC

Some Highlights: The national median home price for Q2 is up 8.2% to $229,400 The income needed to afford the median home in each region is directly impacted by the amount of the down payment. The larger the down payment … Continue reading

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64.2% of Millennials Put Down Less than 20%

Digital Risk recently polled Millennials about the housing market. Among their findings was the fact that nearly two-thirds of the generation who have recently purchased a home, have done so with less than 20% down; with 36% putting down less … Continue reading

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Real Estate Again Seen as Best Investment

We are almost back to ‘pre-housing crash’ home values. The inventories of distressed properties (foreclosures & short sales) are shrinking dramatically. The economy is improving. The job numbers are headed in the right direction. The big question that still remains: … Continue reading

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