Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a … [Read more...]
How to Sell your house today… AND Buy another one in this market.
Feeling stuck in your home? You are not alone. Many Sellers want to sell in this market, but don’t know where to move to, or even if they CAN find a replacement property. They may have even heard stories of owners forced to move out of their homes when they couldn’t find a replacement property. Why does it seem like there are almost no homes for sale for you to buy IF you did sell? Because it doesn’t just seem that way. Inventory is record breaking low in many markets*. This article will … [Read more...]
Friendly Videos from National Associations of Realtors
Are you getting ready to sell your home? These friendly videos may be a helpful tool and may help the process become a bit less stressful! Enjoy!! http://rltr.cm/lizep1 … [Read more...]
Top 5 Reasons You Should Not For Sale By Owner
In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 17% looking at … [Read more...]
Home Prices: Where Will They Be in 5 Years?
Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They then average the projections of all 100+ experts into a single number. The results of their latest survey: Home values will … [Read more...]
