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Monthly Archives: July 2019

    Young First-Time Buyers Are Saving For Their Dream Homes

    By Marco Manumbas | July 30, 2019

    Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open Listings, 70% of single renters... Read More

    3 Expert Insights On Inventory In The Current Market

    By Marco Manumbas | July 29, 2019

    The current housing landscape presents greater home values, low interest rates, and high buyer demand. All of these factors point to the strong market forecasted to continue throughout the rest of the year. There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the... Read More

    5 Powerful Reasons To Own Instead Of Rent

    By Marco Manumbas | July 28, 2019

    Owning a home has great financial benefits. In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained: “Homeownership appears to help borrowers accumulate housing and nonhousing wealth in a variety of ways, with tax advantages, greater financial flexibility due to secured borrowing, built-in ‘default’... Read More

    Is Mortgage Debt Out Of Control?

    By Marco Manumbas | July 27, 2019

      The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of... Read More

    What Experts Are Saying About The Current Housing Market

    By Marco Manumbas | July 26, 2019

    We’re halfway through the year, and with a decline in interest rates as well as home price and wage appreciation, many are wondering what the experts predict for the second half of 2019. Here’s what some have to say: Danielle Hale, Chief Economist at realtor.com “Lower mortgage rates, higher wages and more homes for sale have helped counteract... Read More

    3 Powerful Reasons To Buy A Home Now

    By Marco Manumbas | July 25, 2019

    Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today. 1. Affordability Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past... Read More

    Mid-Year Housing Market Update: Three Things To Know Today

    By Marco Manumbas | July 24, 2019

    Shifting trends and industry-leading research are pointing toward some valuable projections about the status of the housing market for the rest of the year. If you’re thinking of buying or selling, or if you just want to know what experts are saying is on the horizon, here are the top three things to put on... Read More

    Is Renting Right For Me?

    By Marco Manumbas | July 23, 2019

    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... Read More

    The Cost Of Waiting: Interest Rates Edition

    By Marco Manumbas | July 22, 2019

    Some Highlights: Interest rates are projected to increase steadily heading into 2020. The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be. Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home! Source:... Read More

    The Surprising Profile Of The Real Estate Investor

    By Marco Manumbas | July 18, 2019

    Over 10% of all residential homes are purchased by investors, and that number continues to rise. Who are these investors? Many have speculated that the large institutional conglomerates such as Blackstone, American Homes 4 Rent, and Colony Starwood dominate investor purchases. However, a special report on investor home buying by CoreLogic, Don’t Call it a Comeback: Housing... Read More

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