The Truth About Down Payments
Home prices are expected to keep appreciating over the next 5 years – meaning your future home will likely go up in price the longer you wait. Keep in mind that you don't always need a 20% down payment to buy a home. Here’s why...
Why You May Want To Seriously Consider a Newly Built Home
Are you putting off your plans to sell because you’re worried you won’t be able to find a home you like when you move? If so, it may be time to consider a newly built home and the benefits that come with one. Here’s why.
The Many Non-Financial Benefits of Homeownership
Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it's essential to think about the non-financial benefits that make a home more than just a place to live. Here are some of the top non-financial reasons
Buying a Second Home
Second homes offer several options to homeowners seeking to expand their property portfolios.
Is Marry the House, Date the Rate a Good Homebuying Strategy?
Is now the right time to buy a house? If you utilize the strategy of "marry the house, date the rate," the answer could be yes.
Explaining Today’s Mortgage Rates
If you’re following mortgage rates because you know they impact your borrowing costs, you may be wondering what the future holds for them. Unfortunately, there’s no easy way to answer that question because mortgage rates are notoriously hard to forecast.
Owning Your Home Helps You Build Wealth
There are lots of good reasons to become a homeowner. Homeownership builds wealth regardless of income level and you may be surprised to learn homeowners across various income levels have a much higher net worth than renters who make the same amount.
Buying a Fixer-Upper
For some home buyers, a fixer-upper is their idea of a dream home. However, the process of buying a fixer-upper comes with additional responsibilities compared to properties in better condition or new construction homes.
A Smaller Home Could Be Your Best Option
Many people are reaching the point in their lives when they need to decide where they want to live when they retire. If you’re a homeowner approaching this stage, you have several options to explore.
Why It’s Easy To Fall in Love with Homeownership
No matter how the housing market changes, there are some things about owning a home that never change—like the personal benefits it can provide.
7 Housing Market Predictions
The percentage of homes with price cuts jumped from 7.1% in December to 13.6% this year. So we asked 7 economists and real estate pros: Is now the time to buy before the spring rush hits?
More People Are Finding the Benefits of Multigenerational Households Today
If you’re thinking of buying a home and living with siblings, parents, or grandparents, then multigenerational living may be for you.
3 Trends That Are Good News for Today’s Homebuyers
As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends that may benefit you when you go to buy a home today.
Is A Seller Paid Buydown The Right Move?
With a recent rise in interest rates and appreciating home values, many buyers have been priced out of the market. With a seller paid buydown, you can help lower the buyer’s monthly payment without lowering the seller’s sales price.
More Americans Choose Real Estate as the Best Investment Than Ever Before
Americans’ opinion on the value of real estate as an investment is climbing. That’s according to an annual survey from Gallup. Not only is real estate viewed as the best investment for the ninth year in a row, but more Americans selected it than ever before.
A Recession Could Throw Cold Water On The Housing Market — But That Doesn't Mean It's Going To Get Any Easier To Buy A Home
The US economy is in a strange place–and that means the housing market is too. As rising interest rates do their job to tamp down demand, fears of a coming recession are on the rise. Prospective buyers may be wondering what it all means for their dreams of owning a home.
How Homeownership Can Help Shield You from Inflation
If you’re following along with the news today, you’ve likely heard about rising inflation. You’re also likely feeling the impact in your day-to-day life as prices go up for gas, groceries, and more. These rising consumer costs can put a pinch on your wallet and make you re-evaluate any big purchases you have planned to ensure they’re still worthwhile.
The Cost of Waiting a Year to Buy a Home in the Pacific Northwest
Homebuyers in our local market are faced with challenges today; low inventory, multiple bid offers, rising mortgage rates, etc., which can make it hard to know if now is a good time to buy.
Renting vs Buying: Which is better for you?
Deciding whether to rent or buy can be a difficult decision, but with the right analysis, you can determine which is best for you. Knowing whether it’s the right time to rent or buy depends on your buying power, what you’re looking for in a home, your local market conditions, your plans for you and your household, and the responsibilities you’re prepared to take on at your residence.
The Dream of Homeownership Is Worth the Effort
If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: