Category: For Buyers

    • What If I Wait A Year to Buy a Home?

      National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over […]
      Written by Denise Zervos
    • The Tale of Two Markets [INFOGRAPHIC]

      Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Invent...
      Written by Denise Zervos
    • 2008 vs. Now: Are Owners Using Their Homes as ATMs Again?

      Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last decade’s mistake. However, a closer look at the numbers shows that homeowners are […]
      Written by Denise Zervos
    • Where Are Interest Rates Headed in 2019?

      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 deciding to start your home search. Below is a chart created using Freddie Mac’s U.S. […]
      Written by Denise Zervos
    • Homeowners Aged 65+ Have 48x More Net Worth Than Renters

      Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of […]
      Written by Denise Zervos
    • 4 Reasons to Buy A Home This Winter!

      Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year. […]
      Written by Denise Zervos
    • Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]

      Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating...
      Written by Denise Zervos
    • Further Proof It’s NOT 2008 All Over Again

      Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are suggesting that we are headed back to the same challenges we experienced […]
      Written by Denise Zervos
    • 24% of Renters Believe Winter is the Best Time to Buy a Home

      In real estate, the spring is often seen as the ideal time to buy or sell a house. The term “Spring Buyer’s Season” exists for a reason, as renters and those looking to move on from their current home thaw out from the winter and hit the market ready to buy. According to Bank of […]
      Written by Denise Zervos
    • Buyers: Don’t Be Surprised by Closing Costs!

      Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a […]
      Written by Denise Zervos