Some Highlights: The majority of states in the Midwest and South offer a lower cost of living than states in the Northeast and West. The ‘biggest bang for your buck’ comes in Mississippi where, compared to the national average, you can actually purchase $115.74 worth of goods for $100. For more information regarding the methodology […]
Browsing Category: Move-Up Buyers
For Sellers / Housing Market Updates / Move-Up Buyers / Pricing
What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
Last week, in a new report from Zillow, it was revealed that there has been a rash of price reductions across the country. According to the report: There are more price cuts now than a year ago in over two-thirds of the nation’s largest metros About 14% of all listings had a price cut in […]
Down Payments / First Time Home Buyers / For Buyers / Millennials / Move-Up Buyers
Having Trouble Saving Enough for Your Down Payment? Crowdfund It!
You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home. Many couples are asking their wedding guests to contribute to their “Down Payment Fund” rather than fulfilling a traditional registry. This is fueled by the fact that many couples live […]
First Time Home Buyers / For Buyers / Move-Up Buyers / Rent vs. Buy
The Net Worth of a Homeowner is 44x Greater Than A Renter!
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, […]
First Time Home Buyers / For Buyers / Infographics / Interest Rates / Move-Up Buyers
The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!