Low Inventory Causes Home Prices to Maintain Fast Growth

Low Inventory Causes Home Prices to Maintain Fast Growth

Low Inventory Causes Home Prices to Maintain Fast Growth [featured-img][mashshare] [foobar] The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. ...
Thinking About Buying? Know Your Credit Score

Thinking About Buying? Know Your Credit Score

Thinking About Buying? Know Your Credit Score [featured-img][mashshare] [foobar] Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information listed on your report is accurate and work to correct any ...
Renting or Buying…Either Way, You’re Paying Someone’s Mortgage

Renting or Buying… Either Way, You’re Paying Someone’s Mortgage

Renting or Buying… Either Way, You’re Paying Someone’s Mortgage [featured-img][mashshare] [foobar] There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small ...
How to Save on a Mortgage Payment Whether Buying or Selling

How to Save on a Mortgage Payment Whether Buying or Selling

How to Save on a Mortgage Payment Whether Buying or Selling [featured-img][mashshare] [foobar] In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s ...
Millennials Flock Towards Low Down Payment Programs

Millennials Flock Towards Low Down Payment Programs

Millennials Flock Towards Low Down Payment Programs [featured-img][mashshare] [foobar] A report released by Down Payment Resource shows that 61% of first-time homebuyers purchased their homes with a down payment of 6% or less. The trend continued among all buyers with a mortgage, as 73% made a down payment of less than 20%. An article by Chase points to a new wave of millennial homebuyers: “We teamed up with ...
Buying Remains Cheaper Than Renting in 39 States!

Buying Remains Cheaper Than Renting in 39 States!

Buying Remains Cheaper Than Renting in 39 States! [featured-img][mashshare] [foobar] In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers show that the range is an average of 3.5% less expensive in San Jose (CA), all the ...
Which Homes Have Increased in Value the Most?

Which Homes Have Increased in Value the Most?

Which Homes Have Increased in Value the Most? [featured-img][mashshare] [foobar] Home values have risen dramatically over the last twelve months. The latest Existing Home Sales Report from the National Association of Realtors puts the annual increase in the median existing-home price at 5.6%. CoreLogic, in their most recent Home Price Index Report, revealed that national home prices have increased by 6.7% year-over-year. CoreLogic broke appreciation down ever further into ...