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Monthly Archives: November 2018

    The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

    By Keeley Ryan | November 16, 2018

    Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%)... Read More

    Wage Increases Make Home Buying More Affordable

    By Keeley Ryan | November 15, 2018

    Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to afford to own a home. Because of an improving economy, wages are... Read More

    Home Sellers in Q3 Netted $61K at Resale

    By Keeley Ryan | November 14, 2018

    According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007 and represents a 32% return on the original purchase prices.... Read More

    Are Homeowners Renovating to Sell or to Stay?

    By Keeley Ryan | November 13, 2018

    Over the past few years, two trends have emerged in the housing market: Home renovations have shot up Inventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes for sale. According to the latest Existing Home Sales Report from the National... Read More

    How to Honor a Veteran Today and Everyday

    By Keeley Ryan | November 12, 2018

    One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as Armistice Day and then, later on, became Veterans Day.... Read More

    VA Home Loans by the Numbers [INFOGRAPHIC]

    By Keeley Ryan | November 9, 2018

    Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion wa... Read More

    75% of Renters Have Been Misinformed

    By Keeley Ryan | November 8, 2018

    Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home. In 2008,... Read More

    Why Has Housing Supply Increased as Sales Have Slowed Down?

    By Keeley Ryan | November 7, 2018

    According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to last year’s numbers. For over three years leading up to this... Read More

    5 Tips When Buying a Newly Constructed Home

    By Keeley Ryan | November 6, 2018

    The lack of existing inventory for sale has forced many homebuyers to begin looking at new construction. When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure a hassle-free process, here are 5 tips to keep in mind if you are considering... Read More

    2 Myths Holding Back Home Buyers

    By Keeley Ryan | November 5, 2018

    Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters... Read More