by mdennehy | Apr 25, 2018 | Uncategorized
The results of the 2018 Rental Affordability Report from ATTOM show that buying a median-priced home is more affordable than renting a three-bedroom property in 54% of U.S. counties analyzed for the report. The updated numbers show that renting a...
by mdennehy | Apr 25, 2018 | Uncategorized
Some homeowners have recently done a “cash out” refinance and have taken a portion of their increased equity from their house. Others have sold their homes and purchased more expensive homes with larger mortgages. At the same time, first-time buyers have become...
by mdennehy | Apr 25, 2018 | Uncategorized
It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C....
by mdennehy | Apr 25, 2018 | Uncategorized
Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their...
by mdennehy | Apr 25, 2018 | Uncategorized
In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about...
by mdennehy | Apr 25, 2018 | Uncategorized
There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the costof a home, it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price...
by mdennehy | Apr 11, 2018 | Uncategorized
Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates...
by mdennehy | Apr 9, 2018 | Uncategorized
According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment. The BH&J...
by mdennehy | Apr 6, 2018 | Uncategorized
Some Highlights: Since the creation of the VA Home Loans Program, 22 million veterans have been able to achieve the American Dream of homeownership. In 2017, $188 billion was loaned to veterans and their families through the program. VA Purchase Loans are on the...
by mdennehy | Apr 5, 2018 | Uncategorized
Why are home prices still rising? It is a simple answer. There are more purchasers in the market right now than there are available homes for them to buy. This is an example of the theory of “supply and demand” which is defined as: “the amount of a commodity, product,...