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Monthly Archives: August 2019

    Housing Supply Not Keeping Up With Population Increase

    By Marco Manumbas | August 20, 2019

      Many buyers are wondering where to find houses for sale in today’s market. It’s a true dilemma. We see an increase in buyer demand, but the supply available for purchase isn’t keeping up. The number of new housing permits issued prior to the great recession increased for 15 years until 2005 (from 1.12 million... Read More

    The Ultimate Truth About Housing Affordability

    By Marco Manumbas | August 6, 2019

    There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability... Read More

    Buy Millionaire To Millennials: The Costly Mistake Of Not Buying Now

    By Marco Manumbas | August 5, 2019

    On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s a costly mistake…If millennials don’t buy a home, their chances of... Read More

    The Feeling You Get From Owning Your Home

    By Marco Manumbas | August 4, 2019

    We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain... Read More

    Renting Or Owning, What Is Better For You?

    By Marco Manumbas | August 3, 2019

    In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy... Read More

    Why Is So Much Paperwork Required To Get A Mortgage?

    By Marco Manumbas | August 2, 2019

    When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process... Read More

    How To Judge The Impact Of The Next Economic Slowdown On Housing

    By Marco Manumbas | August 1, 2019

    We’ve experienced economic growth for almost a decade, which is the longest recovery in the nation’s history. Experts know a recession can’t be too far off, but when will this economic slowdown actually occur? Pulsenomics just released a special report revealing that nearly 6 out of 10 of the 90 economists, investment strategists, and market analysts surveyed believe... Read More

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