Do You Fit the Description of the Typical First Time Homebuyer?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current […]

Two Great Reasons to Buy not Rent

There are many young people debating whether they should renew the lease on their apartment or sign a contract to purchase their first home. Based on a recent study, here are two reasons buying a home might make more sense:

Confusing Real Estate News? An Agent Can Help

Below are the headlines from three separate news releases issued over a one month period: 11/3/2014 – Millions of Potential New Households Waiting Out the Recovery 11/11/2014 – Experts: First-Time Homebuyers’ Weak Finances Holding Back Housing Market And then, the contrarian view: 12/2/2014 – In 2015, Millennials Will Be Biggest Home Buying Group It sure […]

New York Times: Homeownership is Best Way To Build Wealth

The New York Times recently published an editorial entitled, “Homeownership and Wealth Creation.” The housing market has made a strong recovery, not only in sales and prices, but also in the confidence of consumers and experts as an investment. The article explains: “Homeownership long has been central to Americans’ ability to amass wealth; even with […]

Year-over-Year Change in Home Sales by Price Point [INFOGRAPHIC]

2015: The Return of the Millennial Home Buyer

Earlier this month, Zillow predicted that millennial buyers (under the age of 35) will become the largest group of buyers, overtaking Gen X (35-50 years old) by the end of 2015. Dr. Stan Humphries, Zillow Chief Economist, explained: “Roughly 42 percent of millennials say they want to buy a home in the next one to […]

7 Graphs that Prove the Real Estate Market is Back!

Will Higher Interest Rates Kill HOME SALES?

The Mortgage Bankers Association, the National Association of Realtors, Fannie Maeand Freddie Mac are each projecting mortgage interest rates to increase substantially over the next twelve months. What will that mean to the housing market in 2015? Last week, we posted a graph showing that home prices appreciated each of the last four times mortgage […]

Breaking News: Fannie and Freddie formally announce 3% Down Programs

Yesterday, HousingWire reported that both Fannie Mae and Freddie Mac formally announced their 3% down options on home purchases. Fannie Mae’s plan will be effective December 13, 2014 while the Freddie Mac plan will be available March 23, 2015. The HW article quotes FHFA Director Mel Watt: “The new lending guidelines released today by Fannie […]

Rent Increases Expected to Continue through 2015

CNBC’s Diana Olick recently reported that rents in the residential housing sector continued to rise in 2014. She interviewed Jed Kolko, Chief Economist at Trulia, who revealed: “Rents are rising because of strong demand that supply hasn’t kept up with. Nearly all the new households are renters, and young people moving out of their parents’ […]