Most people rent because they think it’s more affordable than owning a home—but in a huge number of metros in the United States, that’s just not true. According to a recent study from LendingTree, the median mortgage payment is less than the median rent payment in 20 of the 50 largest metros in the US. That means that owning a home in one of these areas will actually save you money...
When you’re looking to buy a home, you may wonder, “Does it matter if the property is listed with a real estate agent or the owners who are trying to sell it themselves?” Um, yes. It matters. A lot. The truth is: When it comes to signing contracts, handing over escrow money, and digging into the home’s history, going it alone can end up costing homebuyers a bundle. The following are 6 reasons...
So you’ve decided to purchase your first home. Congratulations! Purchasing a home is a huge decision, and it can be one of the most exciting and rewarding experiences of your life. But purchasing a home requires capital, and if your savings account is looking a little trim, it means that you will have to do some budgeting in the upcoming year to make your dream of being a homeowner a...
TRUE or FALSE: It makes more sense to buy a home than to rent one..... Sorry, that’s a trick question. There’s no right or wrong answer to this debate. But I’ve noticed a decent amount of people lately who feel renting a home makes more sense than buying. While a lot of real estate agents would probably say that, hands down, BUYING makes more sense, I feel like it really depends upon the...
Interest rates are rising. According to Freddie Mac, the current rate for a 30-yr fixed mortgage is 4.81%, which is up a nearly a full percentage point from a year ago. While some were concerned the rising interest rates would have a negative impact on the market, particularly with first-time homebuyers, it looks as if the changes in interest rates are doing little to dampen buyer demand. According to...
Starting out in the Phoenix Area housing market can be intimidating for anyone. Ever since the housing market crashed in 2007, the road to recovery has been rather uneven. This includes buyers being held back due to increasingly stricter standards for lending. Things in the housing market have been changing and showing small signs of improvement. For starters, banks are less strict about the minimum...
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