Homeowner Wealth Increases Through Growing Equity This Year Building financial wealth and stability remains one of the top reasons Americans choose to own a home, and as a homeowner, your wealth often grows without you even realizing it, through home equity. In a recent paper published by the Urban Institute, Home Ownership is Affordable Housing, author Mike Loftin illustrates how homeowners Continue Reading about Wealth Increases Through Growing Home Equity This Year
Real Estate
Pre-Approval Makes a Huge Difference When Buying a Home
Pre-Approval Makes All the Difference When Buying a Home You may have been told that it’s important to get a pre-approval at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to have a clear understanding of your budget so you stand out to sellers Continue Reading about Pre-Approval Makes a Huge Difference When Buying a Home
5 Things Homebuyers Need To Know When Making an Offer
5 Things Homebuyers Need To Know When Making an Offer When it comes to buying a house, you’re looking for the perfect place to call home. The problem is, in today’s market there just aren’t that many homes available to purchase. With inventory hovering near record lows and sky-high buyer demand, a multi-offer scenario is the new normal. Here are five things to keep in mind when Continue Reading about 5 Things Homebuyers Need To Know When Making an Offer
Clear Financial Benefits of Owning a Home Over Renting
Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC] Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation.On the other hand, when you own your home, you build your own wealth, your monthly payment is locked in, and Continue Reading about Clear Financial Benefits of Owning a Home Over Renting
Housing Wealth: The Missing Piece of the Affordability Equation
Housing Wealth: The Missing Piece of the Affordability Equation Housing Wealth: The Missing Piece of the Affordability Equation The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing Continue Reading about Housing Wealth: The Missing Piece of the Affordability Equation
Don’t Wait To Sell Your House
Don’t Wait To Sell Your House We’re in the ultimate sellers’ market right now. If you’re a homeowner thinking about selling, you have a huge advantage in today’s housing market. High buyer demand paired with very few houses for sale makes this the optimal time to sell for those who are ready to do so. Whatever the move you want to make looks like, here’s an overview of what’s creating the Continue Reading about Don’t Wait To Sell Your House
Hope Is on the Horizon for Today’s Housing Shortage
Hope Is on the Horizon for Today’s Housing Shortage The major challenge in today’s housing market is that there are more buyers looking to purchase than there are homes available to buy. Simply put, supply can’t keep up with demand. A normal market has a 6-month supply of homes for sale. Anything over that indicates it’s a buyers’ market, but an inventory level below that threshold means Continue Reading about Hope Is on the Horizon for Today’s Housing Shortage
Why This Is Not Like 2008 Again
Why This Is Not Like 2008 Again During the Great Recession, just over a decade ago, the financial systems the world depended on started to collapse. It created a panic that drove some large companies out of business (ex. Lehman Brothers) and many more into bankruptcy. The financial crisis that accompanied the current pandemic caused hardship to certain industries and hurt many small Continue Reading about Why This Is Not Like 2008 Again
