First Time Home Buyers

Knowledge Is Power When It Comes to Appraisals and Inspections

Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers / By

Knowledge Is Power When It Comes to Appraisals and Inspections | Simplifying The MarketBuyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a […]

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Important Distinction: Homes Are Less Affordable, Not Unaffordable

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates / By

Important Distinction: Homes Are Less Affordable, Not Unaffordable | Simplifying The MarketIt’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the last few years, they […]

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Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers / By

Don’t Wait for a Lower Mortgage Rate – It Could Cost You | Simplifying The MarketToday’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve […]

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Experts Agree: Homeownership Provides a Path to Long-Term Wealth

First Time Home Buyers, For Buyers, Rent vs. Buy / By

Experts Agree: Homeownership Provides a Path to Long-Term Wealth | Simplifying The MarketA recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include: The flexibility to make the space your own The pride homeownership offers The sense of stability In the same survey, 41% of respondents say they’d […]

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111,285 Reasons You Should Buy a Home This Year

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy / By

111,285 Reasons You Should Buy a Home This Year | Simplifying The MarketThe financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner. According to the latest research from the National Association of Realtors (NAR): “Homeownership is a key pathway to building wealth and narrowing […]

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What Do Supply and Demand Tell Us About Today’s Housing Market?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing / By

What Do Supply and Demand Tell Us About Today’s Housing Market? | Simplifying The MarketThere’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is […]

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The Main Key To Understanding the Rise in Mortgage Rates

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers / By

The Main Key To Understanding the Rise in Mortgage Rates | Simplifying The MarketEvery Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey which reveals the most recent movement in the 30-year fixed mortgage rate. Last week, the rate was announced as 3.01%. It was the first time in three months that the mortgage rate surpassed 3%. In a press release accompanying the survey, Sam […]

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