First Time Home Buyers

Posted by Monica Foster On June 21, 2019 In General Information

Some Highlights: Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available. Housing inventory is still under the 6-month supply needed to [...] Read More

Monica Foster June 21, 2019

Young First-Time Buyers Are Saving for Their Dream Homes

Posted by Monica Foster On June 20, 2019 In General Information

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 [...] Read More

Monica Foster June 20, 2019

What You Need to Know About Private Mortgage Insurance (PMI)

Posted by Monica Foster On June 19, 2019 In General Information

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 [...] Read More

Monica Foster June 19, 2019

Why Is So Much Paperwork Required to Get a Mortgage?

Posted by Monica Foster On June 18, 2019 In General Information

When buying a home today, why is there so much paperwork mandated by the lenders for a mortgage loan application? It seems like they need to know everything about you. Furthermore, it requires three separate sources to validate each and every entry on [...] Read More

Monica Foster June 18, 2019

5 Reasons to Sell Your House This Summer

Posted by Monica Foster On June 17, 2019 In General Information

Here are 5 compelling reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Index from the National Association of Realtors (NAR) shows that buyer demand remains strong throughout the vast majority [...] Read More

Monica Foster June 17, 2019

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

Some Highlights: If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI). Minor renovations can go a long way toward improving the quality of your [...] Read More

Monica Foster June 14, 2019

3 Things to Know in the Housing Market Today!

Posted by Monica Foster On June 12, 2019 In General Information

A lot is happening in the world, and it’s having a direct impact on the housing market. The reality is this: some of it is positive and some of it may be negative. Some we just don’t know yet. The [...] Read More

Monica Foster June 12, 2019

Renting or Owning, What Is Better for You?

Posted by Monica Foster On June 11, 2019 In General Information

In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing [...] Read More

Monica Foster June 11, 2019

2 Myths Holding Back Home Buyers

Posted by Monica Foster On June 10, 2019 In General Information

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 [...] Read More

Monica Foster June 10, 2019

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

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% [...] Read More

Monica Foster June 7, 2019

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