buying a home: Singles Are Falling for Their Dream Home First
- 07/21/17 05:02 AM
Singles Are Falling for Their Dream Home FirstSome Highlights: According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year. The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%. The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).
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buying a home: 3 Tips to Succeed in Today’s Real Estate Market
- 07/20/17 04:49 PM
3 Tips to Succeed in Today’s Real Estate MarketIn today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home.
The 3 tips we are going to expand on today come from a recent blog by Trulia entitled, The Skinny on Skinny Inventory.
1. Be Prepared“Homebuyers should talk with a lender, real estate agent, and a home inspector BEFORE finding a home to make an offer on.”
Being intentional, pre-approved, and prepared will set you up for … (0 comments)
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buying a home: 3 Questions to Ask Before You Buy Your Dream Home
- 07/18/17 01:01 AM
3 Questions to Ask Before You Buy Your Dream HomeIf 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 interests 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 a good time for you to buy in today’s market.
1. Why am I buying a home in the first place? This is truly the most important question to answer. Forget the finances for a … (1 comments)
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buying a home: The High Impact of Low Interest Rates on Your Purchasing Power
- 07/13/17 12:27 AM
The High Impact of Low Interest Rates on Your Purchasing PowerAccording to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.96%, which is still near record lows in comparison to recent history!
The interest rate you secure when buying a home not only greatly impacts your monthly housing costs, but also impacts your purchasing power.
Purchasing power, simply put, is the amount of home you can afford to buy for the budget you have available to spend. As rates increase, the price of the house you can afford will decrease if you plan to stay within a … (0 comments)
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buying a home: 5 Reasons Why You Should Not For Sale By Owner!
- 07/11/17 08:32 PM
5 Reasons Why You Should Not For Sale By Owner!In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their homes on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers.
Here are the top five reasons:
1. Exposure to Prospective Buyers Recent studies have shown that 94% of buyers search online for a home. That is in comparison to only 16% looking at print newspaper ads. Most real estate agents … (3 comments)
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buying a home: The Secret To Getting Ahead Is Getting Started!
- 06/23/17 12:08 PM
The Secret To Getting Ahead Is Getting Started!
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Questions, Comments or For more information you can contact Christian Penner at: (561) 316-6800 or Office Text Line: 561-530-2223 - visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team,
Buyer Referral Hotline : (561) 316-6800
Or You can click "Call Me" below to call Christian Penner directly using Google Voice
#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the … (0 comments)
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buying a home: Your Dream Doesn't Have An Expiration Date
- 06/22/17 09:53 AM
Your Dream Doesn’t Have An Expiration Date Read from source..>>
Questions, Comments or For more information you can contact Christian Penner at:
(561) 316-6800 or Office Text Line: 561-530-2223 - visit us online at www.ChristianPenner.com
The Christian Penner Mortgage Team
Buyer Referral Hotline : (561) 316-6800
Or You can click "Call Me" below to call Christian Penner directly using Google Voice
#ChristianPenner, #MortgageBrokerWestPalmBeach talks about #RealEstateWestPalmBeach. He also serves other Local Areas and provides home #MortgageSolutionsforPalmBeachGardens, #Jupiter, #BocaRaton, #Wellington and #Tequesta. #ChristianPennerMortgageBrokerJupiter has the #lowestmortgagerates and the best #homemortgage programs like; #Jumboloans, #FHAHomeLoans, #VAHomeLoans, #ReverseMortgageHomeLoans, #FreddieMacHomeLoans, #FannieMaeHomeLoans and #HARPMortgageLoans. #ChristianPennerMortgageBrokerPalmBeachGardens has Served the area for over 15 … (1 comments)
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buying a home: Buying Is Now 33.1% Cheaper Than Renting in the US
- 06/21/17 12:53 AM
Buying Is Now 33.1% Cheaper Than Renting in the USThe 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 the way up to 50.1% less expensive in Baton Rouge (LA), and 33.1% nationwide!
Other interesting findings in the report include: Interest rates have remained low and, even though home prices have appreciated around the country, they haven’t greatly … (1 comments)
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buying a home: The TRUTH Behind the RENT vs. BUY Debate
- 06/16/17 09:35 AM
The TRUTH Behind the RENT vs. BUY DebateIn a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home and an individual that rents a similar-quality home and reinvests all monies otherwise invested in homeownership.”
Having read both the index and the blog post, we would like to clear up any confusion that may exist. There are three major … (1 comments)
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buying a home: Homeownership Is a Good Financial Investment!
- 06/15/17 11:04 AM
Homeownership Is a Good Financial Investment!According to a recent report by Trulia, “buying is cheaper than renting in 100 of the largest metro areas by an average of 33.1%.” The report may have some people thinking about buying a home instead of signing another lease extension, but does that make sense from a financial perspective?
Ralph McLaughlin, Trulia’s Chief Economist explains:
“Owning a home is one of the most common ways households build long-term wealth, as it acts like a forced savings account. Instead of paying your landlord, you can pay yourself in the long run through paying down a mortgage on a house.”
The article listed five reasons … (0 comments)
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buying a home: Why Working with a Local Real Estate Professional Makes All the Difference
- 06/01/17 02:07 AM
Why Working with a Local Real Estate Professional Makes All the DifferenceIf you’ve entered the real estate market, as a buyer or a seller, you’ve inevitably heard the real estate mantra, “location, location, location” in reference to how identical homes can increase or decrease in value due to where they’re located. Well, a new survey shows that when it comes to choosing a real estate agent, the millennial generation’s mantra is, “local, local, local.”
CentSai, a financial wellness online community, recently surveyed over 2,000 millennials (ages 18-34) and found that 75% of respondents would use a local real estate agent over an online … (0 comments)
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buying a home: Is Now a Good Time to Rent?
- 05/25/17 12:52 AM
Is Now a Good Time to Rent? People often ask if now is a good time to buy a home, but nobody ever asks when a good time to rent is. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent.
The Census Bureau recently released their 2017 first quarter median rent numbers. Here is a graph showing rent increases from 1988 until today:
As you can see, rents have steadily increased and are showing no signs of slowing down. If you are faced with making the decision of whether or not you should renew … (2 comments)
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buying a home: Buying a Home? Do You Know the Lingo?
- 05/04/17 05:07 PM
Buying a Home? Do You Know the Lingo? Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.
Freddie Mac has compiled a more exhaustive glossary of terms in their “My Home” section of their website.
Annual Percentage Rate (APR) – This is a broader measure of your cost for borrowing money. The APR includes the interest rate, points, broker fees and certain other credit charges a borrower … (1 comments)
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buying a home: Get All the Facts about PMI
- 05/02/17 06:57 AM
Get All the Facts about PMI When it comes to buying a home, whether it is your first time or your fifth, it is always important to know all the facts. With the large number of mortgage programs available that allow buyers to purchase a home with a down payment below 20%, you can never have too much information about Private Mortgage Insurance (PMI).
What is PMI? Freddie Mac defines PMI as:
“An insurance policy that protects the lender if you are unable to pay your mortgage. It’s a monthly fee, rolled into your mortgage payment, that is required for all conforming, conventional loans … (1 comments)
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buying a home: Tax Return Depressing? Owning a Home Could Help
- 04/20/17 07:09 PM
Tax Return Depressing? Owning a Home Could Help Many Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.
According to the Tax Policy Center’s Briefing Book -“A citizen’s guide to the fascinating (though often complex) elements of the federal Tax System” – there are several tax advantages to homeownership.
Here are four items, and a quote on each, from … (0 comments)
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buying a home: US Housing Market Continues the Move into ‘Buy Territory’!
- 04/19/17 05:26 AM
US Housing Market Continues the Move into ‘Buy Territory’!According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
The BH&J Index is a quarterly report that attempts to answer the question:
In today’s housing market, is it better to rent or buy a home?The index examines the entire U.S. housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property … (1 comments)
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buying a home: Existing Home Sales Reach Highest Mark Since 2007
- 02/24/17 10:22 PM
Existing Home Sales Reach Highest Mark Since 2007 Highlights: Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million. January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900. NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home.”
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Questions, Comments or For more information you can … (1 comments)
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buying a home: Are You 1 of the 59 Million Planning to Buy This Year? – Buying a home
- 02/24/17 01:53 AM
Are You 1 of the 59 Million Planning to Buy This Year? According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.
The survey also revealed 3 key takeaways: Those most likely to buy are ‘Older Millennials’ (ages 27-36) or ‘Generation X’ (ages 37-52) Minorities, particularly African-Americans, were twice as likely to respond that they were considering purchasing a home this year than white respondents. Many potential buyers believe they … (0 comments)
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buying a home: US Housing Market Is Moving into ‘Buy Territory’!
- 02/20/17 09:54 PM
US Housing Market Is Moving into ‘Buy Territory’!According to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.
The BH&J Index is a quarterly report that attempts to answer the question:
In today’s housing market, is it better to rent or buy a home?The index examines the entire U.S. housing market and then isolates 23 major cities for comparison. The researchers “measure the relationship between purchasing property and building wealth through a buildup in equity versus renting a comparable property … (0 comments)
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buying a home: 3 Questions to Ask If You Want to Buy Your Dream Home
- 02/13/17 09:37 PM
3 Questions to Ask If You Want to Buy Your Dream HomeIf 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 a good time for you to buy in today’s market.
1. Why am I buying a home in the first place? This is truly the most important question to answer. Forget … (1 comments)
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