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First Time Home Buyers

Benefits of Homeownership

The 5 Greatest Benefits of Homeownership | Simplifying The MarketRecently, Freddie Mac reported on the benefits of homeownership. According to their report, here are the five benefits that “should be at the top of everyone’s list.” Homeownership can help you build equity over time. Your monthly payments will remain stable. You may have some tax benefits. You can take pride in ownership. Homeownership improves […]

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Slaying Myths About Buying A Home

Slaying Myths About Buying A Home

Some Highlights:

Interest rates are still below historic numbers.
88% of property managers raised their rent in the last 12 months!
The credit score requirements for mortgage approval continue to fall.

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High Impact of Low Rates on Purchasing Power

The High Impact of Low Interest Rates on Your Purchasing Power | Simplifying The MarketAccording 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, […]

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Low Mortgage Interest Rates Persist

Be Thankful You Don’t Have to Pay Mom and Dad’s Interest Rate | Simplifying The MarketInterest 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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Opportunity to Achieve the American Dream Keeps Getting Better!

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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Buyer’s Market Helps Premium Home Sales Soar

Buyer's Market Helps Premium Home Sales Soar | Simplifying The MarketWe 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

Pre-Approval Should Always Be Your First Step | Simplifying The MarketIn 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

2 Myths Holding Back Home Buyers | Simplifying The MarketIn 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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Buying Is Now 33.1% Cheaper Than Renting

Buying Is Now 33.1% Cheaper Than Renting in the US | Simplifying The MarketThe 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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