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Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC]

by hjadmin | Apr 9, 2021 | For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying...

Your Tax Refund and Stimulus Savings May Help You Achieve Homeownership This Year

by hjadmin | Apr 5, 2021 | Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers

If you’re planning to buy a home this year, saving for a down payment is one of the most important steps in the process. One of the best ways to jumpstart your savings is by starting with the help of your tax refund. Using data from the Internal Revenue Service (IRS),...

Buyer Competition Is Good News for Sellers [INFOGRAPHIC]

by hjadmin | Apr 2, 2021 | For Sellers, Housing Market Updates, Infographics, Move-Up Buyers

Some Highlights With so many buyers looking for homes to purchase and so few houses available today, there’s a substantial increase in bidding wars, and homes are selling fast. According to the latest Realtors Confidence Index Survey from the National Association of...

How a Change in Mortgage Rate Impacts Your Homebuying Budget

by hjadmin | Mar 30, 2021 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing

Mortgage rates are on the rise this year, but they’re still incredibly low compared to the historic average. However, anytime there’s a change in the mortgage rate, it affects what you can afford to borrow when you’re buying a home. As Sam Khater, Chief Economist at...

Why You Should Think About Listing Prices Like an Auction’s Reserve Price

by hjadmin | Mar 24, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

For generations, the homebuying process never really changed. The seller would try to estimate the market value of the home and tack on a little extra to give themselves some negotiating room. That figure would become the listing price of the house. Buyers would then...

What Credit Score Do You Need for a Mortgage?

by hjadmin | Mar 22, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers

According to data from the most recent Origination Insight Report by Ellie Mae, the average FICO® score on closed loans reached 753 in February. As lending standards have tightened recently, many are concerned over whether or not their credit score is strong enough to...
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