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Monthly Archives: February 2018

    80% of Renters Believe Home Ownership is a Part of Their American Dream

    By Capprice Kitchen | February 24, 2018

    According to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of millennials believe that their rent will increase, with 20% believing... Read More

    The Mortgage Process: What You Need to Know

    By Capprice Kitchen | February 24, 2018

    Some Highlights: Many buyers are purchasing a home with a down payment as little as 3%. You may already qualify for a loan, even if you don’t have perfect credit. Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford. Read More

    Mortgage Rates on FIRE! Home Prices Up in Smoke?

    By Capprice Kitchen | February 24, 2018

      Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have... Read More

    2 Ways to Get the Most Money from The Sale of Your Home

    By Capprice Kitchen | February 20, 2018

    Every homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, but let’s look... Read More

    Top 5 Reasons to Hire a Real Estate Professional When Buying or Selling!

    By Capprice Kitchen | February 20, 2018

    Whether you are buying or selling a home it can be quite the adventure, which is why you need an experienced real estate professional to guide you on the path to achieving your ultimate goal. But in this world of instant gratification and internet searches, many sellers think that they can ‘For Sale by Owner’ or ‘FSBO.’ The 5 reasons you... Read More

    The #1 Reason to Sell Now Before Spring

    By Capprice Kitchen | February 18, 2018

    The price of any item (including residential real estate) is determined by ‘supply and demand.’ If many people are looking to buy an item and the supply of that item is limited, the price of that item increases. According to the National Association of Realtors (NAR), the supply of homes for sale dramatically increases every spring. As an... Read More

    Should I Wait Until Next Year to Buy? Or Buy Now?

    By Capprice Kitchen | February 16, 2018

    Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by 2019. CoreLogic predicts home prices to appreciate by 4.3% over the next 12... Read More

    Calm Down! The Real Estate Market is NOT Falling Apart

    By Capprice Kitchen | February 15, 2018

    There has been tremendous volatility in certain markets over the last few weeks (for example, the stock and currency markets). When this happens, some tend to lump all of their investments together and create an almost ‘Armageddon’ scenario where everything loses value quickly and dramatically. Real estate is an investment that can get caught up in... Read More

    Which Comes First… Marriage or Mortgage?

    By Capprice Kitchen | February 14, 2018

    According to the National Association of REALTORS most recent Profile of Home Buyers & Sellers, married couples once again dominated the first-time homebuyer statistics in 2017 at 57% of all buyers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. But, many couples... Read More

    Low Inventory Pushes Home Prices Higher

    By Capprice Kitchen | February 14, 2018

      According to CoreLogic’s latest Home Price Index, prices appreciated by 6.9% year-over-year from December 2016 to December 2017 on a national level. This marks the fifth month in a row with at least a 6.9% increase. Dr. Frank Nothaft, Chief Economist for CoreLogic, gave insight into the reason behind the large appreciation, “The number of homes for sale has... Read More