Housing Market Updates

Do 46 Million Millennials Know They Are Mortgage Ready?

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

Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as part of attaining the American Dream. Millennials have taken longer to obtain traditional milestones than the generations before them, such as [...] Read More

Monica Foster March 20, 2019

What Credit Score Do You Need To Buy A House?

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

There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! [...] Read More

Monica Foster March 19, 2019

Want To Increase Your Family’s Wealth? Here’s How!

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

Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase [...] Read More

Monica Foster March 18, 2019

Posted by Monica Foster On March 15, 2019 In General Information

Some Highlights: Interest Rates for a 30-year fixed rate mortgage have dropped to 4.41% from near 5% in 2018. Take advantage of more inventory coming to market in the spring to find your dream home! Buying now will allow you [...] Read More

Monica Foster March 15, 2019

Homeownership is a Cornerstone of the American Dream

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

“The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. [...] Read More

Monica Foster March 14, 2019

What’s Going On with Bidding Wars?

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

In a strong seller’s market, like the one we have experienced over the past few years, bidding wars are common and expected. This makes sense! A seller’s market is defined as a market in which the inventory of homes for [...] Read More

Monica Foster March 12, 2019

4 Reasons to Buy a Home in the Spring

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

Spring has sprung, and it’s a great time to buy a home! Here are four reasons to consider buying today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest U.S. Home Price Insights reports that home prices have [...] Read More

Monica Foster March 11, 2019

Why an Economic Slowdown Will NOT Crush Real Estate this Time

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

Last week, the National Association for Business Economics released their February 2019 Economic Policy Survey. The survey revealed that a majority of the panel believe an economic slowdown is in the near future: “While only 10% of panelists expect a [...] Read More

Monica Foster March 7, 2019

2 Reports That Say Now Is a Great Time to Sell

Posted by Monica Foster On March 6, 2019 In General Information

Heading into the spring buying market, there are strong trends starting to emerge. The inventory of homes for sale has increased on a year-over-year basis for eight months in a row. Home price appreciation has continued to grow, although at [...] Read More

Monica Foster March 6, 2019

The Housing Market Will “Spring Forward” This Year!

Posted by Monica Foster On March 4, 2019 In General Information

Just like our clocks this weekend, in the majority of the country, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting [...] Read More

Monica Foster March 4, 2019

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