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Monthly Archives: January 2018

    2 Major Myths Holding Back Home Buyers

    By Hugh Williams | January 31, 2018

    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership,” which revealed that “eighty percent of consumers either are unaware of how much lenders require for a down payment or believe all lenders require a down payment above 5 percent.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the down payment funds needed to qualify... Read More

    U.S. Housing Inventory Crunch Continues… List Your House Today!

    By Hugh Williams | January 29, 2018

    Every winter, families across the country decide if this will be the year that they sell their current houses and move into their dream homes. Mortgage rates hovered around 4% for all of 2017 which forced many buyers off the fence and into the market, resulting in incredibly strong demand RIGHT NOW! At the same time, however,... Read More

    5 Reasons Millennials Choose to Buy

    By Hugh Williams | January 26, 2018

    Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living... Read More

    If You’re Considering Selling, ACT NOW!!

    By Hugh Williams | January 25, 2018

    Definitely an aggressive headline. However, as the final data on the 2017 housing market rolls in, we can definitely say one thing: If you are considering selling, IT IS TIME TO LIST YOUR HOME! How did we finish 2017? New-home sales were at their highest level in a decade. Sales of previously owned homes were... Read More

    Gap Between Homeowners & Appraisers Narrows to Lowest Mark in 2 Years

    By Hugh Williams | January 24, 2018

    In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 4% or more over the next twelve months. One major challenge in such a market is the bank appraisal. When prices are surging, it is... Read More

    Why You Need a Professional on Your Team When Buying a Home

    By Hugh Williams | January 23, 2018

    Many people wonder whether they should hire a real estate professional to assist them in buying their dream homes or if they should first try to go through the buying process on their own. In today’s market: you need an experienced professional! You Need an Expert Guide If You Are Traveling a Dangerous Path The... Read More

    Buying A Home Is More Affordable Than Renting In 54% Of US Counties

    By Hugh Williams | January 22, 2018

      According to ATTOM Data Solutions’ 2018 Rental Affordability Report, “buying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Housing and Urban Development with reported income amounts from... Read More

    What Impact Will the New Tax Code Have on Home Values?

    By Hugh Williams | January 19, 2018

    Every month, CoreLogic releases its Home Price Insights Report. In that report, they forecast where they believe residential real estate prices will be in twelve months. Below is a map, broken down by state, reflecting how home values are forecasted to change by the end of 2018 using data from the most recent report. As we can see, CoreLogic projects an increase... Read More

    61% of First-Time Buyers Put Down Less than 6%

    By Hugh Williams | January 18, 2018

      According to the National Association of Realtors’ latest Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all... Read More

    Wondering If You Can Buy Your First Home?

    By Hugh Williams | January 17, 2018

    There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current... Read More