Posts by Corinne Geiger
Rents Skyrocket at Highest Rate in almost a Decade
The Consumer Price Index (CPI) was released by the Labor Department last week. An analysis by Market Watch revealed the cost of rent was 3.8% higher than a year ago for the second straight month in June. That’s the strongest yearly price gain since 2007.
A Homeowner’s Net Worth is 45x Greater Than a Renter’s!
Every three years, the Federal Reserve conducts a Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).
3 Questions Every Buyer Should Ask Themselves
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.
Should I Wait Until Next Year? Or Buy Now? [INFOGRAPHIC]
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 4.6% by next year.CoreLogic p…
Read More3 Crucial Questions Most Home Buyers Don’t Know the Answer To…DO YOU?
Whether you are considering the purchase of your first home or trading up to the home your family frequently fantasizes about, there are three crucial questions you must know the answer to:
Would You Qualify for a Mortgage Now?
The widespread myth that perfect credit and large down payments are necessary to buy a home are holding many potential home buyers on the sidelines. According to Ellie Mae’s latest Origination Report, the average FICO score for all closed loans in May was 724, far lower than the 750 or 800 that many buyers believe to be true.
Homeownership Builds Wealth & Offers Stability
The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are:
Saving to Buy a Home? Do You Know the Difference Between Cost & Price?
As a seller, you will be most concerned with the ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not with price but instead with the ‘long term cost’ of the home.
Saving To Buy A Home? What Would You Sacrifice? [INFOGRAPHIC]
Some Highlights:95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.The top thing that buyers sacrifice are new clothes at 54%.Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car…
Read MoreIs Now the Right Time to Put Your House on the Market …or Not?
Last week, the National Association of Realtors (NAR) released their Pending Home Sales Index, a forward-looking indicator of home sales based on contract signings. The report revealed that this May’s numbers weren’t quite as good as the year before:
2 Tips For Getting The Most Money When Selling Your House
Every homeowner wants to make sure they get the best price when selling their home. But how do you guarantee that you receive maximum value for your house? Here are two keys to ensuring you get the highest price possible.
4 Reasons to Buy This Summer!
Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market in many areas of the country! Here are four great reasons to consider buying a home today instead of waiting.