Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision. Consider this: if you know people who bought a home 5, 10, or even 30Continue reading “Why Homeownership Wins in the Long Run”
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Is Homeownership the #1 American Dream? If So, Why Pursue It?
Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide. A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream. The responses prove owningContinue reading “Is Homeownership the #1 American Dream? If So, Why Pursue It?”
JULY 4 – Independence Day – Did You Know?
As we look forward to a long, fun-filled July 4 holiday weekend this year, let’s not forget that some very courageous people stepped up on this day to declare their country’s independence from tyrannical rule. In doing so, they together stated: “…We hold these truths to be self-evident, that all men are created equal, thatContinue reading “JULY 4 – Independence Day – Did You Know?”
Saving for a Down Payment? Here’s What You Need To Know.
If you’re planning to buy your first home, then you’re probably focused on saving for all the costs involved in such a big purchase. One of the expenses that may be at the top of your mind is your down payment. If you’re intimidated by how much you need to save for that, it mayContinue reading “Saving for a Down Payment? Here’s What You Need To Know.”
Fun Facts for Flag Day!
Flag Day is celebrated on June 14 of every year. What is Flag Day all about? Who really designed the first flag, and what do the red, white, and blue colors symbolize? Let’s dive into some history about what we fondly call the “Stars and Stripes”! What is Flag Day? Flag Day is a celebration of theContinue reading “Fun Facts for Flag Day!”
Oops! Home Prices Didn’t Crash After All!
During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts: Jeremy Siegel, Russell E. Palmer Professor Emeritus of Finance at the Wharton School of Business: “I expect housing prices fall 10% to 15%, and the housing prices are acceleratingContinue reading “Oops! Home Prices Didn’t Crash After All!”
Higher interest and inflation rates… Buy or Rent?
Are you wondering if buying makes more sense than renting especially in a time where both mortgage interest rates and inflation rates have increased significantly? Rents have continued to climb upwards since 1988 according to the census reports. Rents are much higher today than they were several years ago. Rents continue to increase and thereContinue reading “Higher interest and inflation rates… Buy or Rent?”
Memorial Day – Remember, Not Celebrate
(Mark Reinstein/Corbis/Getty Images) What do you know about Memorial Day? In 1996, school children touring Washington DC were asked what was the meaning of Memorial Day. The predominant answer was “…the day the pools open.” In a 2019 poll commissioned by the University of Phoenix, only 55% of Americans knew the meaning of Memorial Day.Continue reading “Memorial Day – Remember, Not Celebrate”
The Worst Home Price Declines Are Behind Us
If you’re following the news today, you may feel a bit unsure about what’s happening with home prices and fear whether or not the worst is yet to come. That’s because today’s headlines are painting an unnecessarily negative picture. Contrary to those headlines, home prices aren’t in a freefall. The latest data tells a very different and much more positive story.Continue reading “The Worst Home Price Declines Are Behind Us”
The Impact of Inflation on Mortgage Rates
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know. Inflation and the Housing Market While the Fed’s working hardContinue reading “The Impact of Inflation on Mortgage Rates”
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