For Buyers

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

Some Highlights: According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country. In six states the difference between buying & renting would account for less than a $50 monthly [...] Read More

Monica Foster October 5, 2018

Are We About to Enter a Buyers’ Market?

Posted by Monica Foster On October 4, 2018 In General Information

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper [...] Read More

Monica Foster October 4, 2018

2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling

Posted by Monica Foster On October 3, 2018 In General Information

When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of [...] Read More

Monica Foster October 3, 2018

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?

Posted by Monica Foster On October 2, 2018 In General Information

Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a [...] Read More

Monica Foster October 2, 2018

How Does the Supply of Homes for Sale Impact Buyer Demand?

Posted by Monica Foster On October 1, 2018 In General Information

The price of any item is determined by the supply of that item, as well as the market’s demand for it. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home sales, prices and market conditions” for their monthly REALTORS [...] Read More

Monica Foster October 1, 2018

Posted by Monica Foster On September 28, 2018 In General Information

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to [...] Read More

Monica Foster September 28, 2018

Are Home Prices Softening or Are They Falling?

Posted by Monica Foster On September 27, 2018 In General Information

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to [...] Read More

Monica Foster September 27, 2018

The Cost of NOT Paying PMI

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

Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment [...] Read More

Monica Foster September 26, 2018

Where Are Mortgage Interest Rates Headed In 2019?

Posted by Monica Foster On September 25, 2018 In General Information

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when [...] Read More

Monica Foster September 25, 2018

How Much Has Your Home Increased in Value?

Posted by Monica Foster On September 24, 2018 In General Information

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year. CoreLogic broke down appreciation even further into four price ranges, giving us a more detailed view than [...] Read More

Monica Foster September 24, 2018

Archives