More Starter Homes Are Hitting the Market
More entry-level homes – also known as starter homes – are popping up on the market. And after several years with very few homes available to buy and prices rising, there are finally some more options for first-time buyers. Inventory Is Increasing – Especially at Lower Price Points Over the past year, the total supply […]
How Co-Buying a Home Helps with Affordability Today
Buying a home in today’s market can feel like an uphill battle – especially with home prices and mortgage rates putting pressure on your budget. If you’re feeling stuck, co-buying could be one way to help you get your foot in the door. Freddie Mac says: “If you are an aspiring homeowner, buying a home with your family or friends could be […]
The Top 2 Reasons To Look at Newly Built Homes
When planning a move, a newly built home might not be the first thing that comes to mind. But with more brand-new homes on the market and builders focusing on smaller, more affordable options, this type of home may just be the key to crossing the homebuying finish line. Here’s why a new build is worth considering – […]
Living with HOAs: Are They Worth the Cost and Rules?
Homeowners Associations (HOAs) are a significant consideration for many homebuyers, particularly those purchasing property in planned communities, condominiums, or subdivisions. While HOAs can offer numerous benefits, they also come with specific rules, fees, and potential challenges. Understanding how HOAs work and what they mean for you as a homeowner is essential for making an informed […]
Unlocking Tax Savings: How Homeownership Can Boost Your Financial Health
Owning a home is a significant milestone, often associated with stability, investment, and personal accomplishment. Beyond the emotional and financial benefits, homeownership also offers substantial tax advantages that can reduce your overall expenses and increase your savings. In this blog post, we will explore the key tax benefits of owning a home and how you […]
2024 Real Estate Market Recap: Key Trends and Insights
The 2024 real estate market was characterized by dynamic shifts, influenced by fluctuating interest rates, evolving buyer preferences, and regional disparities. This comprehensive overview delves into the year’s most significant trends, supported by pertinent statistics and expert insights. Interest Rate Volatility At the outset of 2024, industry forecasts anticipated a gradual decline in mortgage rates. […]
How to Prepare to Get Home Financing: A Step-by-Step Guide
Buying a home is one of the most significant financial decisions you’ll ever make, and securing the right financing is a critical part of the process. Preparing for home financing can seem daunting, especially if it’s your first time. However, with the right steps, you can position yourself for success. This guide will walk you […]
Understanding Title and Escrow: A Guide for Homebuyers
Buying a home involves several steps, each designed to ensure the transaction is fair, secure, and legally binding. Among these, title and escrow play a critical role in protecting both the buyer and seller. Although these terms are often mentioned during the homebuying process, their purpose and function may not always be clear. This guide […]
Renting vs. Buying: The Secret to Building Wealth in America
Deciding whether to rent or buy a home is a significant financial and lifestyle decision. While renting may feel simpler in the short term, homeownership has long been recognized as one of the most effective ways to build wealth. Recent data from the Federal Reserve’s Survey of Consumer Finances (SCF) highlights just how stark the […]
The Rise of Co-Buying: A Modern Solution to Housing Affordability Challenges
In an era where housing affordability has become increasingly challenging, co-buying has emerged as a viable solution for aspiring homeowners. With the national median home price reaching $417,700 in Q4 2023 and mortgage rates hovering around 6.8%, many potential buyers are exploring alternative paths to homeownership. This growing trend of purchasing property with friends, family […]
