Posts Tagged ‘First Time Home Buyers’

Is now a better time to be a Seller or a Buyer?

This report is current for  December 2018.  When I talk with perspective sellers this time of year, a very common comment is …” We are going to wait until Spring….”.   I understand that this is a common perception.  But I have tracked our market for the last 10 years.    I always review the current…

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Are You Spending TOO Much on Rent?

Are You Spending TOO Much on Rent? | Simplifying The MarketChances are if you are renting you are spending too much of your income on your monthly housing expense. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their rent or mortgage payment. This percentage allows the household to save money for the future while comfortably covering […]

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Taking Fear Out of the Mortgage Process

Taking Fear Out of the Mortgage Process | Simplifying The MarketA considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainties about the buying process. A specific cause for concern tends to be mortgage qualification. For many, the mortgage process can be scary, but it doesn’t have to be! In order to qualify in today’s market, you’ll […]

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Still Think You Need 15-20% Down to Buy a Home? Think Again!

Still Think You Need 15-20% Down to Buy a Home? Think Again! | Simplifying The MarketAccording to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners, but are able to as well! Now that the largest generation since baby boomers has aged into prime homebuying age, there will no doubt be an uptick in […]

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Housing Is Still Affordable in the United States!

Housing Is Still Affordable in the United States! | Simplifying The MarketLately, 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 unsure whether or not to believe what you’re seeing in the news, let’s look at […]

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Buying a Home Can Be Scary… Until You Know the Facts

Buying a Home Can Be Scary... Until You Know the Facts [INFOGRAPHIC] | Simplifying The Market

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 purchased homes this year have put down less than 20%.
  • 4% of loan applications were approved last month.
  • The average credit score of approved loans was 727 in September.
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