First Time Home Buyers Archives - Page 9 of 11 - Joe Fernald

Some Highlights: The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 4.4% by next year. CoreLogic predicts home prices to appreciate by 5.0% over

What to Look for in Your Real Estate Team

September 27, 2017

First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers

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How do you select the members of your team who are going to help you make your dream of owning a home a reality? What should you be looking for? How do you know if you’ve found the right agent or lender? The most important characteristic that you should be looking for in your agent

More Than Half of All Buyers Are Surprised by Closing Costs

September 26, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

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According to a survey conducted by ClosingCorp, over half of all homebuyers are surprised by the closing costs required to obtain their mortgage. After surveying 1,000 first-time and repeat homebuyers, the results revealed that 17% of homebuyers were surprised that closing costs were required at all, while another 35% were stunned by how much higher the fees

Top 5 Reasons Why Millennials Choose to Buy [INFOGRAPHIC]

September 15, 2017

First Time Home Buyers, For Buyers, Infographics, Millennials

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Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living

Report: Homeownership Is a Precondition of the American Dream

September 14, 2017

First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers

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Hearth just released their 2017 State of the American Dream report which showed that Americans still see homeownership as an integral piece of the American Dream. The report confirmed that “all generations–including millennials–agree homeownership is very important to achieving the American Dream.” Americans ranked “owning a home I love” higher than any other options (including

Happily Ever Homeowner

September 13, 2017

First Time Home Buyers, For Buyers

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Married couples once again dominated the first-time homebuyer statistics last year at 66% of all buyers, according to the most recent Profile of Home Buyers & Sellers. It is no surprise that having two incomes to save for down payments and contribute to monthly housing costs makes buying a home more attainable. Many couples are

Looking for Your Dream Home? Know What You Want vs. What You Need

September 12, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

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In this day and age of being able to shop for anything anywhere, it is really important to know what you’re looking for when you start your home search. If you’ve been thinking about buying a home of your own for some time now, you’ve probably come up with a list of things that you’d

4 Reasons to Buy a Home This Fall!

September 11, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers

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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 Index reports that home prices have appreciated by 6.7% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 5.0% over the next year. The

How Your Home’s Value Grows Your Family’s Wealth

September 5, 2017

First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing

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Over the next five years, home prices are expected to appreciate 3.64% per year on average and to grow by 18.4% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey. So, what does this mean for homeowners and their equity position? As an example, let’s assume a young couple purchased and closed on a $250,000 home in January.

Where Are the Home Prices Heading in The Next 5 Years?

August 29, 2017

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Pricing

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Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts, and investment & market strategists about where they believe prices are headed over the next five years. They