Move-Up Buyers Archives - Page 106 of 110

3 Questions to Ask Before Buying Your Dream Home

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing / By Corinne Geiger

3 Questions to Ask Before Buying Your Dream Home | Simplifying The Market 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.

Ask yourself the following 3 questions to help determine if now is actually a good time for you to buy in today’s market.

3 Questions to Ask Before Buying Your Dream Home Read More »

Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]

First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers / By Corinne Geiger

Some Highlights:The interest rate you secure for your mortgage greatly influences your monthly housing costs.In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.Interest rate…

Mortgage Rates by Decade Compared to Today [INFOGRAPHIC] Read More »

Why We Need More Newly Constructed Homes

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction / By Corinne Geiger

The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the percentages:

Why We Need More Newly Constructed Homes Read More »

Have You Put Aside Enough for Closing Costs?

First Time Home Buyers, For Buyers, Move-Up Buyers / By Corinne Geiger

There are many potential homebuyers, and even sellers, who believe that you need at least a 20% down payment in order to buy a home, or move on to their next home. Time after time, we have dispelled this myth by showing that there are many loan programs that allow you to put down as little as 3% (or 0% with a VA loan).

Have You Put Aside Enough for Closing Costs? Read More »

Mortgage Standards Easing TOO MUCH? NO!!

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / By Corinne Geiger

There is no doubt that getting a mortgage is easier today than it was right after the housing crash a decade ago. However, the easing of credit availability has led to some questioning of whether or not we are headed for another housing crisis.

Mortgage Standards Easing TOO MUCH? NO!! Read More »

Why Getting Pre-Approved Should Be Your First Step

First Time Home Buyers, For Buyers, Move-Up Buyers / By Corinne Geiger

In many markets across the country, the amount 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 a mortgage before starting your search.

Why Getting Pre-Approved Should Be Your First Step Read More »

Interest Rates Remain at Historic Lows… But for How Long?

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers / By Corinne Geiger

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; The higher the rate, the greater your payment will be. That is why it is important to look at where the experts believe rates are headed when deciding to buy now or wait until next year.

Interest Rates Remain at Historic Lows… But for How Long? Read More »

Home Prices Up 5.61% Across The Country! [INFOGRAPHIC]

First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers, Pricing / By Corinne Geiger

Some Highlights:

The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
In the report, home prices are compared both regionally and by state.
Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
Vermont was the only one state where home prices are actually lower than they were last year.

Home Prices Up 5.61% Across The Country! [INFOGRAPHIC] Read More »

New Construction Numbers: Now Versus 2005

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction / By Corinne Geiger

There is some thinking that the pace of the housing recovery is unsustainable and that we may be heading for another housing bubble. However, Jonathan Smoke, the Chief Economist of realtor.com explains the basic difference between 2005 and today:

New Construction Numbers: Now Versus 2005 Read More »

Is the Current Pace of Home Sales Sustainable?

First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers / By Corinne Geiger

There are some experts questioning whether the current pace of residential home sales is sustainable. Are too many people buying homes like in 2004-2006? Are we headed for another housing crisis? Actually, if we look closely at the numbers, we can see that we are looking at a very healthy real estate market.