Buying Myths

How to Get a Better Perspective on Affordability

Posted by Monica Foster On February 7, 2019 In General Information

Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one [...] Read More

Monica Foster February 7, 2019

One More Time… You Do Not Need 20% Down to Buy a Home

Posted by Monica Foster On February 5, 2019 In General Information

The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after [...] Read More

Monica Foster February 5, 2019

Buying a House This Year? This Should Be Your 1st Step!

Posted by Monica Foster On January 14, 2019 In General Information

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you [...] Read More

Monica Foster January 14, 2019

No Bubble Here! How New Mortgage Standards Are Helping

Posted by Monica Foster On December 13, 2018 In General Information

Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market [...] Read More

Monica Foster December 13, 2018

Will Your Side Hustle Buy You a House This Year?

Posted by Monica Foster On November 21, 2018 In General Information

The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017. [...] Read More

Monica Foster November 21, 2018

Posted by Monica Foster On November 16, 2018 In General Information

Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), [...] Read More

Monica Foster November 16, 2018

75% of Renters Have Been Misinformed

Posted by Monica Foster On November 8, 2018 In General Information

Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t [...] Read More

Monica Foster November 8, 2018

2 Myths Holding Back Home Buyers

Posted by Monica Foster On November 5, 2018 In General Information

Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters [...] Read More

Monica Foster November 5, 2018

Posted by Monica Foster On October 26, 2018 In General Information

Some Highlights: Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts: 72% of buyers who [...] Read More

Monica Foster October 26, 2018

Housing Is Still Affordable in the United States!

Posted by Monica Foster On October 23, 2018 In General Information

Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are [...] Read More

Monica Foster October 23, 2018

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