Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become homeowners and now have mortgage payments for the first time. These developments have […]
Browsing Category: For Sellers
First Time Home Buyers / For Buyers / For Sellers / Move-Up Buyers
How Much Do You Need to Make to Buy a Home in Your State?
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C. States in the Midwest came out […]
First Time Home Buyers / For Buyers / For Sellers / Move-Up Buyers
Rising Prices Help You Build Your Family’s Wealth
Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home this […]
First Time Home Buyers / For Buyers / For Sellers / Housing Market Updates / Infographics / Move-Up Buyers
A Tale of Two Markets [INFOGRAPHIC]
Some Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues to rise in the luxury & premium home markets which is causing […]
First Time Home Buyers / For Buyers / For Sellers / Interest Rates / Move-Up Buyers
The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was
There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price of […]