Homeownership Is a Key to Building Wealth

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the average homeowner: “…a primary home accounts for 90% of the total wealth of a family […]

Chances of Another Foreclosure Crisis? About Zero Percent.

There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced after the housing crash a little over a decade ago. However, there’s one major difference this time: a robust forbearance program. During the housing crash of 2006-2008, many felt homeowners should be forced […]

5 Tips for Homebuyers Who Want to Make a Competitive Offer

February 2021 Today’s real estate market has high buyer interest and low housing inventory. With so many buyers competing for a limited number of homes, it’s more important than ever to know the ins and outs of making a confident and competitive offer. Here are five keys to success for this important stage in the […]

A New Way to Shop for Homes in a Virtual World

In this past year working through the COVID-19 criris, we’ve learned to do so much remotely, and home buying is no exception. From going to work to attending school, grocery shopping, and even seeing our doctors online, digital practices have changed the way we live. This year, rather than delaying their home purchases, buyers – […]

Knowledge is Power

Homeownership is on the goal list for many young adults, but sometimes it’s hard to know exactly how to get there. From understanding the home buying process to pre-approval and down payment assistance options, uncertainty along the way can ultimately hold some buyers back. Today, there are over 75 million Millennials and 67 million Gen […]

Are Home Prices Headed Toward Bubble Territory?

Talk of a housing bubble is beginning to crop up as home prices have appreciated at a rapid pace this year. This is understandable since the appreciation of residential real estate is well above historic annual averages. According to the Federal Housing Finance Agency (FHFA), annual appreciation since 1991 has averaged 3.8%. Here are the latest 2020 appreciation numbers […]

Property Descriptions- A Language of Its’ Own

Every industry has its own vocabulary. The stock market talks in terms of “share,” “position,” “bid” and “ask.” Real estate is no different. So knowing what Realtors mean with their multiple listing lingo is a timely endeavor when looking for a home. U.S. News & World Report real estate staff writer Luke Mullins fills you in […]

JUST LIVING WITH IT: MOST REAL LIFE HAUNTINGS ARE NO BIG DEAL

While October is the month people traditionally try to creep everyone else out, some live with the creeps all year long and rarely talk about it. According to Forbes’ Brenda Richardson, houses with spooky vibes are not all that uncommon, but it doesn’t necessarily portend an impending “for sale” sign in the front yard. She […]

Is Renting Right for Me?

If you’re currently renting and have dreams of owning your own home, it may be a good time to think about your next move. With rent costs rising annually and many helpful down payment assistance programs available, homeownership may be closer than you realize. According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan […]

How to Increase Your Equity Over the Next 5 Years

Many of the questions currently surrounding the real estate industry focus on home prices and where they are heading. The most recent Home Price Expectation Survey (HPES) helps target these projected answers. Here are the results from the Q2 2019 Survey: Home values will appreciate by 4.1% in 2019 The average annual appreciation will be 3.2% over the […]

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