For Buyers Archives - Page 139 of 155 - See Jersey Shore Homes

Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate

July 5, 2017

Interest rates have hovered around 4% for the majority of 2017, which has given many buyers relief from rising home prices and has helped with affordability. Experts predict that rates will increase by the end of 2017 and will be about three-quarters of a percentage point higher, at 4.5%, by the end of 2018. Last […]

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Your Opportunity to Achieve the American Dream Keeps Getting Better!

July 4, 2017

Forbes.com recently released the latest results of their American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.” The monthly index measures several different economic factors, including goods-producing employment, personal and commercial bankruptcies, building permits, startup activity, unemployment insurance claims, labor force participation, and layoffs. The national […]

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Existing Home Sales Surge into Summer [INFOGRAPHIC]

June 30, 2017

Some Highlights:

Existing Home Sales reached their third highest mark this year in May.
Inventory of homes for sale has dropped 8.4% since last year, marking the 24^th consecutive month of year-over-year declines.
NAR’s Chief Economist, Lawrence Yun had this to say: “Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher.”

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Buyer’s Market Helps Premium Home Sales Soar

June 28, 2017

We previously reported how a shortage of inventory in the starter and trade-up home markets is driving prices up and causing bidding wars, creating a true seller’s market. At the same time, in the premium home market, an over-abundance of inventory has started to see prices come down and put buyers in the driver’s seat, […]

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Pre-Approval Should Always Be Your First Step

June 27, 2017

In many markets across the country, the number of buyers searching for their dream homes greatly outnumbers the amount 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 for […]

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2 Myths Holding Back Home Buyers

June 26, 2017

In Realtor.com’s recent article, “Home Buyers’ Top Mortgage Fears: Which One Scares You?” they mention that “46% of potential home buyers fear they won’t qualify for a mortgage to the point that they don’t even try.” Myth #1: “I Need a 20% Down Payment” Buyers overestimate the down payment funds needed to qualify for a […]

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The Cost of Renting vs. Buying in the US [INFOGRAPHIC]

June 23, 2017

Some Highlights:

Historically, the choice between renting or buying a home has been a tough decision.
Looking at the percentage of income needed to rent a median-priced home today (29.2%) vs. the percentage needed to buy a median-priced home (15.8%)…

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The Importance of Home Equity in Retirement Planning

June 22, 2017

We often discuss the difference in family wealth between homeowner households and renter households. Much of that difference is the result of the equity buildup that homeowners experience over the time that they own their home. In a report recently released by the nonpartisan Employee Benefit Research Institute (EBRI), they reveal how valuable equity can […]

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Do You Know How Much Equity You Have in Your Home?

June 20, 2017

CoreLogic’s latest Equity Report revealed that 91,000 properties regained equity in the first quarter of 2017. This is great news for the country, as 48.2 million of all mortgaged properties are now in a positive equity situation. Price Appreciation = Good News for Homeowners Frank Nothaft, CoreLogic’s Chief Economist, explains: “One million borrowers achieved positive equity over the last year, […]

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Buying Is Now 33.1% Cheaper Than Renting in the US

June 19, 2017

The results of the latest Rent vs. Buy Report from Trulia show that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States. The updated numbers actually show that the range is an average of 3.5% less expensive in San Jose (CA), all […]

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Top Home Renovations for Maximum ROI [INFOGRAPHIC]

June 16, 2017

Some Highlights:

Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI).
While big projects like adding a bathroom or a complete kitchen remodel are popular ways to increase a home’s value, something as simple as updating landscaping and curb appeal can have a quick impact on a home’s value.
For more information about top renovation projects that net you the most ROI, you can check out the complete list here.

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Are Home Prices Approaching Bubble Territory?

June 15, 2017

As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize that just catching prices […]