Owning a Home Is Still More Affordable Than Renting One
Owning a median-priced three-bedroom home is more affordable than renting a three-bedroom property in 572, or 63 percent of the 915 U.S. counties analyzed for the report.
What’s the Difference between an Appraisal and a Home Inspection?
In simplest terms, a home appraisal determines the value of a home, while a home inspection determines the condition of a home.
Key Terms to Know in the Homebuying Process
Here is a list of some of the most common terms in the homebuying process.
A Homeowner’s Net Worth Is 40x Greater Than a Renter’s
Recent data from the Federal Reserve indicates the net worth of a homeowner is actually over 40 times greater than that of a renter.
Homes Across the Country Are Selling Fast
According to the latest report from the National Association of Realtors (NAR), in July, 68% of homes were on the market for less than a month.
How Low Inventory May Impact the Housing Market This Fall
Real estate continues to be called the ‘bright spot’ in the current economy, but there’s one thing that may hold the housing market back from achieving its full potential this year: the lack of homes for sale.
The Surging Real Estate Market Continues to Climb
Whether you’re considering buying or selling, staying on top of the real estate market over the coming months will be essential to your success.
Record Low Mortgage Rates are Making Homes More Affordable
Homeowners are the clear winners. Low mortgage rates mean the cost of owning is at historically low levels and who gains all the benefits of strong house price appreciation? Homeowners.
Why Is It so Important to Be Pre-Approved in the Homebuying Process?
In a competitive market with low inventory, a mortgage pre-approval letter is a game-changing piece of the homebuying process.
Will Home Values Appreciate or Depreciate in 2020?
With the housing market staggered to some degree by the health crisis the country is currently facing, some potential purchasers are questioning whether home values will be impacted. The price…