93% of Americans Believe a Home Is a Better Investment Than Stocks A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe Continue Reading about 93% of Americans Believe a Home Is a Better Investment Than Stocks
Real Estate
4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost Continue Reading about 4 Major Reasons Households in Forbearance Won’t Lose Their Homes to Foreclosure
FSBO: Don’t Sell on Your Own Just Because It’s a Sellers’ Market
FSBO: Don’t Sell on Your Own Just Because It’s a Sellers’ Market In a sellers’ market, some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner, or FSBO) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. Continue Reading about FSBO: Don’t Sell on Your Own Just Because It’s a Sellers’ Market
3 Ways Home Equity Can Have a Major Impact on Your Life
3 Ways Home Equity Can Have a Major Impact on Your Life There have been a lot of headlines reporting on how homeowner equity (the difference between the current market value of your home and the amount you owe on your mortgage) has dramatically increased over the past few years. CoreLogic indicated that equity increased for the average homeowner by $17,000 in the last year Continue Reading about 3 Ways Home Equity Can Have a Major Impact on Your Life
Record-Low Housing Inventory is Great for Sellers!
What Record-Low Housing Inventory Means for You The real estate market is expected to do very well in 2021, with mortgage rates that are hovering at historic lows and forecasted by experts to remain favorable throughout the year. One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Continue Reading about Record-Low Housing Inventory is Great for Sellers!
Housing Bubble – 3 Reasons We’re Definitely Not in One
Housing Bubble - 3 Reasons We’re Definitely Not in One Home values appreciated by about ten percent in 2020, and they’re forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like the one we experienced a little over a decade ago. Here are three reasons why this market is totally different. 1. This time, housing Continue Reading about Housing Bubble – 3 Reasons We’re Definitely Not in One
Do I Really Need a 20% Down Payment to Buy a Home?
Do I Really Need a 20% Down Payment to Buy a Home? Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today’s low mortgage rates, but the thought of needing a large down payment might make you want to pump the brakes. Today, there’s still a common myth that you have to come up with 20% of the total sale Continue Reading about Do I Really Need a 20% Down Payment to Buy a Home?
Owning a Home Is Still More Affordable Than Renting One
Owning a Home Is Still More Affordable Than Renting One If spending more time at home over the past year is making you really think hard about buying a home instead of renting one, you’re not alone. You may be wondering, however, if the dollars and cents add up in your favor as home prices continue to rise. According to the experts, in many cases, it’s still more Continue Reading about Owning a Home Is Still More Affordable Than Renting One
