boomeragebuyers: Americans’ Believe in Homeownership as a Powerful Investment
- 07/11/19 09:15 AM
The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment. This coincides with a recent Gallup survey of Americans which revealed that real estate was their number one choice for the best long-term investment when compared to stocks, savings accounts or gold. … (0 comments)
boomeragebuyers: Happy 4th of July! Did You Know, Millennials Are Increasing the Demand for Condominiums
- 07/04/19 10:22 AM
When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications were submitted by FTHBs… Similarly, the data show condos were more popular with young homebuyers and empty nesters. For instance, 21% of all condo home-purchase mortgage applications were submitted by buyers aged 18 to 30, compared with just 17% of all single-family home-purchase mortgage applications by the same … (2 comments)
boomeragebuyers: #FindYourDreamHome Before You Look for Your Dream Home: Know Wants vs. What Needs!
- 06/26/19 09:51 AM
In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d LOVE to have in your new home. Many new homebuyers fantasize about the amenities that they see on television or Pinterest, and start looking at the countless homes listed for sale through rose-colored glasses. Do you really need that farmhouse sink in the kitchen to be happy with … (0 comments)
boomeragebuyers: #TimeToBuy! Young First-Time Buyers Are Saving for Their Dream Homes
- 06/20/19 02:18 PM
Young First-Time Buyers AreSaving for Their Dream Homes Young buyers (Millennials & Gen Z) have waited longer than previous generations to enter the housing market for their first home. However, this hasn’t stopped them from dreaming about the home they will eventually buy. Many spend hours searching listings and building Pinterest boards of their favorite home features. According to a survey from Open Listings, 70% of single renters are more likely to spend their Sunday nights swiping through house listings than dating profiles. All that time window shopping has led 45% of millennials to expect the first home they buy to be their “dream home”! They … (0 comments)
boomeragebuyers: What You Need to Know About Private Mortgage Insurance #PMI #PreApproval
- 06/19/19 09:00 AM
Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments 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 that have down payments less than 20%. Once you’ve … (0 comments)
boomeragebuyers: Happy Fathers Day!!
- 06/16/19 10:22 AM
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boomeragebuyers: Is There Another Housing Bubble Just Around The Corner?
- 06/10/19 10:35 AM
Another Housing Bubble Ahead?in Daily Dose, Featured, Market Studies, News Research from the Black Knight indicates that the current demand for houses is largely driven by families seeking to purchase homes and not by speculators, which, according to the Urban Institute, means that we are at less risk of entering a housing bubble. Urban Institute’s analysis of Black Knight’s house price index (HPI) reveals that home prices appear to be losing momentum. In comparison that during the last housing bubble, growth in the investment component of HPI was substantially larger, “reflecting reckless lending and speculative homebuying,” said Andrew M. Neal, Urban Institute Senior Research Associate. “Investment-driven demand … (0 comments)
boomeragebuyers: #TimeToBuy 2 Myths Holding Back Home Buyers #FirstTimeHomeBuyers
- 06/10/19 10:15 AM
Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save for the down payment… …Based on our recent survey of individuals planning to purchase a home in the next three years, nearly a third think they need to put more than 20% down.” Myth #1: “I Need a 20% Down Payment” Buyers often overestimate the funds needed to qualify … (0 comments)
boomeragebuyers: #TimeToBuy What is the Cost of Waiting Until Next Year to Buy? #INFOGRAPHIC
- 06/07/19 09:26 AM
Some Highlights: The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac forecasts interest rates to rise to 4.5% by the Q4 2020. CoreLogic predicts home prices to appreciate by 4.8% over the next 12 months. If you are ready and willing to buy your dream home, find out if you are able to! « What is Important to Boomers when Selling their House?
What is My Home Worth? To Get A Market SnapShot Click Here Facebook Badge Chris B Johnson Blog Archive … (0 comments)
boomeragebuyers: #TimeToBuy The Feeling You Get from Owning Your Home
- 06/05/19 03:16 PM
We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones. No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, that feeling of safety and security you gain from owning your own home is simultaneously one of the greatest and most difficult to describe. Frederick Peters, a contributor for Forbes, recently wrote about that feeling, and the pride that comes from owning your own … (0 comments)
boomeragebuyers: Did You Know That Homeownership Delivers Unsurpassed Family Wealth?
- 06/04/19 09:13 AM
There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth. How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success. Their article, The First Rung on the Ladder to Economic Opportunity Is Housing, explains the importance of homeownership to a family’s financial health. In that article, they simply stated: “The ladder to economic success can stretch only so high without the asset-building power of homeownership.” To this point, National Association of Realtors’ (NAR) Economists’ Outlook Blog revealed … (4 comments)
boomeragebuyers: 4 Reasons to Buy A Home This Summer #TimeToBuy #FirstTimeHomeBuyers
- 06/03/19 10:46 AM
Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have appreciated by 3.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year. Home values will continue to appreciate. Waiting may no longer makes sense. 2. Mortgage Interest Rates Are Projected to Increase Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year fixed rate mortgage have started to level off around 4.3%. Most experts predict that rates will rise over … (0 comments)
boomeragebuyers: The Top Reasons to Own Your Home #INFOGRAPHIC #TimeToBuy #FirstTimeHomeBuyers
- 05/31/19 02:56 PM
Some Highlights: June is National Homeownership Month! Now is a great time to reflect on the many benefits of homeownership that go way beyond the financial. What reasons do you have to own your own home? « The Ultimate Truth about Housing Affordability What is My Home Worth? To Get A Market SnapShot Click Here Facebook Badge Chris B Johnson Blog Archive ▼ 2019 (152) ▼ May (27) Can You Handle The Ultimate Truth about Housing Af... Don’t Count on a Price Drop to Reignite a Listing The Desire 4 Multigenerational Homes Is on the Ris... 2 Things You Need to Know to Properly Price … (0 comments)
boomeragebuyers: Can You Handle The Ultimate Truth about Housing Affordability?
- 05/30/19 09:55 AM
There have been many headlines decrying an “affordability crisis” in the residential real estate market. While it is true that buying a home is less affordable than it had been over the last ten years, we need to understand why and what that means. On a monthly basis, the National Association of Realtors (NAR), produces a Housing Affordability Index. According to NAR, the index… “…measures whether or not a typical family earns enough income to qualify for a mortgage loan on a typical home at the national and regional levels based on the most recent price and income data.” Their methodology states: “To interpret … (2 comments)
The Federal Reserve Bank (The Fed) recently released their 2019 Survey of Consumer Expectations Housing Survey. The survey reported that 65% of Americans believe homeownership is a good financial investment. Since 2014, the percentage has increased by over nine percent.The Fed’s survey also showed that when the results are broken down by age, education, income, or region of the country, more than 55% of Americans in each category see homeownership as a good investment.
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