This is the Age of Diversity in Home Buying. 2015 and 2016 saw a noticeable influx of Baby Boomers re-entering the Real Estate Market. An estimated fifty-nine million Americans are considering buying a home in 2017. So which demographics are at the front of the pack this time? Generation X (ages approximately 33-50) and Minority… Read More
Report: Multi-Family Homes as Investment or Residence? Folks shopping for a place to live have rarely considered multi-family homes in the past, but maybe they should start. Investors long ago realized the value of multi-family properties as a more efficient, more profitable way to cover their mortgage and investment costs. Multi-Family doesn’t need to imply… Read More
You Know About Closing Costs, so How Much More Will You Spend? Whether you’re selling or buying a home, there are of course the little things like deposits and connection or disconnect fees for utilities, cable TV and WiFi. But as we all know, the little things add up quickly. Both Home Buyers and Home… Read More
Think the final walk-through is a waste of time? Skipping it could cost you! I recently had a Home Seller client who was threatened with the loss of a deposit. I say threatened rather than ‘at risk’ because one very important procedure was ignored. Here’s the scenario. The Seller’s home was sold, closed and recorded…. Read More
How to Buy a Home in a Seller’s Market. *continuation of yesterday’s blog Why Are Existing Home Sales Tanking? We all know the equation: low inventory plus higher prices equals a tight market. This setting can be a challenge for buyers who are competing for their dream home. According to the National Association of REALTORS® … Read More
Millennials are known for being bright, quick to adopt, and intent on exploring online interaction opportunities, but according to a well-known financial fitness website, Millennials prefer a solid, face-to-face relationship when it’s time to purchase a home. Millennials are overwhelmingly choosing local Realtors and Mortgage Lenders over the growing uncertainty of online home buying options…. Read More
Infographic: Does the Gender Pay-Gap Price Single Females Out of the Home Buying Market? Of the single home-buyers I’ve dealt with over the past several years, I would estimate that 80% were female. My personal statistics do not square with the national average. On the other hand, Real Estate is still very reasonably priced in… Read More
Rent vs Buy at the Tipping Point, 65 Percent into the Buy Zone. In several instances recently I’ve helped put folks into a home of their own for far less in monthly mortgage payments, than the cost of rental homes they were looking at or living in. In each case the homes they purchased were… Read More
Rising Interest Rates: Who’s Afraid of the Big Bad Fed? You Probably Shouldn’t Be. According to RISMedia, mortgage rates actually dropped this week after several rounds of rises. But even prior to this moderate dip interest rates still stood very firmly in favorable territory for Home Buyers. Read on to see how the Fed’s decisions… Read More
Do You Live in an Equity Rich State? Foreclosures are no longer common, short sales are almost non-existent, and in most areas of the country homeowners have regained, if not exceeded, the equity in their homes that they enjoyed before the ‘bust’. In the mainstream market in most American cities and towns, home prices are… Read More
