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Monthly Archives: April 2018

    Why Home Prices Are Increasing

    By Hugh Williams | April 30, 2018

    There are many unsubstantiated theories as to why home values are continuing to increase. From those who are worried that lending standards are again becoming too lenient (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are... Read More

    Thinking of Selling Your Home? Why You Need A Pro in Your Corner

    By Hugh Williams | April 24, 2018

    With home prices on the rise and buyer demand strong, some sellers may be tempted to try and sell their homes on their own (FSBO) without using the services of a real estate professional. Real estate agents are trained and experienced in negotiation and, in most cases, the seller is not. Sellers must realize that... Read More

    NOT Owning Your Home Can Cost You a Lot of Money!

    By Hugh Williams | April 21, 2018

    Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Realtor.com recently reported that: “Buying remains the more attractive option in the long term... Read More

    Home Buying Myths Slayed

    By Hugh Williams | April 20, 2018

    Some Highlights: The average down payment for first-time homebuyers is only 6%! Despite mortgage interest rates being over 4%, rates are still below historic numbers. 88% of property managers raised their rents in the last 12 months! The credit score requirements for mortgage approval continue to fall. Read More

    How Much Do You Need to Make to Buy a Home in Your State?

    By Hugh Williams | April 18, 2018

    It’s no mystery that cost of living varies drastically depending on where you live, so a new study by GOBankingRates set out to find out what minimum salary you would need to make in order to buy a median-priced home in each of the 50 states, and Washington, D.C. States in the Midwest came out... Read More

    Rising Prices Help You Build Your Family’s Wealth

    By Hugh Williams | April 17, 2018

    Over the next five years, home prices are expected to appreciate, on average, by 3.6% per year and to grow by 18.2% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on... Read More

    Getting Pre-Approved Should Always Be Your First Step

    By Hugh Williams | April 16, 2018

    In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved... Read More

    A Tale of Two Markets

    By Hugh Williams | April 13, 2018

    Highlights: A trend that has been emerging for some time now is the contrast between inventory & demand in the Premium & Luxury Markets vs. the Starter & Trade-Up Home Markets and what that’s, in turn, doing to prices! Inventory continues to rise in the luxury & premium home markets which is causing prices to... Read More

    The COST of Your Next Home Will Be LESS Than Your Parents’ Home Was!

    By Hugh Williams | April 12, 2018

    There is no doubt that the price of a home in most regions of the country is greater now than at any time in history. However, when we look at the cost of a home, it is cheaper to own today than it has been historically. The Difference Between PRICE and COST The price of... Read More

    Mortgage Interest Rates Have Begun to Level Off

    By Hugh Williams | April 11, 2018

    Whether you are a buyer searching for your first home, or a homeowner looking to move up to your next home, you should pay attention to where mortgage interest rates are heading. Over the course of 2018, according to Freddie Mac’s Primary Mortgage Market Survey, rates have increased from 3.95% in the first week of... Read More