Often called the cornerstone of the American Dream, home ownership has always been an important milestone of adulthood. The recession of 2008 resulted in a record number of foreclosures. Three million Americans foreclosed upon their home in 2008, an 81 percent increase from the previous year and a 225 percent increase from 2006. The post-recession economic climate (among other factors) has contributed to the delay of younger Americans becoming first-time homeowners. Despite the delay, Millenials still view owning as a superior option to renting. According to a TD Bank survey of 18-34-year-olds, 84 percent of those surveyed cited a desire to become a homeowner. Half ...

June 20, 2018 by Amy Willis

In this article: You Can Do Anything You Want With the Property Appreciation Benefits, Including Leverage of Cash Invested Tax Benefits Mortgage Costs Stay the Same as Rents Rise Forced Savings   For many people, owning a home makes more sense financially and from a lifestyle perspective than renting a home. Below are the top reasons people buy instead of rent. You Can Do Anything You Want With the Property Owning your home means you can paint your kid’s room any ...

June 20, 2018 by Amy Willis

Figuring out when to plunge into the real estate market can be quite intimidating—especially when prices are high, choices are limited, and history urges restraint. "We’ve seen two or three years of what could be considered unsustainable levels of price appreciation, as well as an inventory shortage that resulted in a record-low number of homes for sale across the country," says Javier Vivas, director of economic research for realtor.com®. "When you factor those together, you have a market that has to either explode or see some relief." Comforting, right? ...

June 20, 2018 by Amy Willis

Mortgage rates are on the rise again. A week after falling 16 basis points, the benchmark 30-year fixed-rate mortgage rose this week to 4.70 percent from 4.64 percent, according to Bankrate’s survey of large lenders. The 15-year fixed-rate mortgage also rose, climbing 9 basis points to 4.16 percent. Applications rise as inventory remains tight Meanwhile, mortgage applications increased 4.1 percent last week compared with the week before, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey. “Purchase applications increased over the week and were 9 percent higher than the same week a year ago, a sign that despite tight housing inventory, purchase activity ...

June 20, 2018 by Amy Willis

The National Association of REALTORS® (NAR) represents 1.3 million residential and commercial practitioners involved in all facets of the industry as brokers, sales agents, property managers, appraisers and counselors. As the largest professional trade association in the United States, NAR advocates policy initiatives that promote and protect a dynamic U.S. real estate market fostering homeownership and investment opportunities for qualified purchasers of real property. In 2018, NAR will focus on the following public policy initiatives: Download the 2018 Public Policy Priorities New Tax Law The Tax Cuts and Jobs Act (H. ...

June 18, 2018 by badmin

Time magazine is being overly pessimistic in its recent cover piece that called into question the benefits of homeownership. In fact, now is a great time to buy. And, what's more, tomorrow will be a great time to own, because the fundamental strength of homeownership hasn't changed. Why is now a great time to buy? Here are 10 reasons: 1. You can get a good deal. Prices are down 30 percent on average. They're at a level that makes sense for people's income. ...

September 17, 2010 by Amy Willis

×
    Menu location does not exist: "primary"
Skip to toolbar