Move-Up Buyers Archives - Page 6 of 12 - Joe Fernald

With residential home prices continuing to appreciate at levels above historic norms, some are questioning if we are heading toward another housing bubble (and subsequent burst) like the one we experienced in 2006-2008. Recently, five housing experts weighed in on the question. Rick Sharga, Executive VP at Ten-X: “We’re definitely not in a bubble.” “We

5 Reasons Homeownership Makes ‘Cents’

November 8, 2017

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Rent vs. Buy

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The American Dream of homeownership is alive and well. Recent reports show that the US homeownership rate has rebounded from recent lows and is headed in the right direction. The personal reasons to own differ for each buyer, but there are many basic similarities. Today we want to talk about the top 5 financial reasons

Multigenerational Households May Be the Answer to Price Increases

November 7, 2017

For Buyers, For Sellers, Move-Up Buyers, Pricing

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Multigenerational homes are coming back in a big way! In the 1950s, about 21%, or 32.2 million Americans shared a roof with their grown children or parents. According to an article by Realtor.com, “Nearly 1 in 5 Americans is now living in a multigenerational household – a household with two or more adult generations, or

Low Inventory Causes Home Prices to Maintain Fast Growth

November 6, 2017

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

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The National Association of Realtors (NAR) released their latest Quarterly Metro Home Price Report last week. The report revealed that severely lacking inventory across the country drained sales growth and kept home prices rising at a steady clip in nearly all metro areas. Home prices rose 5.3% over the last quarter across all metros. Lawrence Yun, Chief Economist at

Why Sell Now Instead of Later? The Buyers are Out Now

November 2, 2017

For Sellers, Housing Market Updates, Move-Up Buyers

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Each year, most homeowners wait until the spring to sell their houses because they believe that they can get a better deal during the normal spring buyer’s market. However, recently released data suggests that a seller’s best deal may be available right now. The concept of ‘supply & demand’ reveals that the best price for

Thinking About Buying? Know Your Credit Score

November 1, 2017

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

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Knowing your credit score or getting a recent copy of your credit report is one of the first steps that you can take toward knowing how ready you are to start the home buying process. Make sure all the information listed on your report is accurate and work to correct any mistakes. The higher your

Don’t Let Fear Stop You from Applying for a Mortgage

October 31, 2017

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

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A considerable number of potential buyers shy away from jumping into the real estate market due to their uncertainty 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

Renting or Buying…Either Way, You’re Paying Someone’s Mortgage

October 30, 2017

First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Rent vs. Buy

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There are some people who have not purchased homes yet because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent-free, you are paying a mortgage – either yours or your landlord’s. As Entrepreneur Magazine, a premier source for small business, explained in their article, “12 Practical

How to Save on a Mortgage Payment Whether Buying or Selling

October 26, 2017

First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Rent vs. Buy

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In Trulia’s recent report, Rent vs. Buy: Roommate Edition, they examined the impact that renting with a roommate has in determining whether it is more expensive to rent or buy. The study explains: “Since we started keeping track in 2012, it’s been a better deal to buy than rent in America’s largest housing markets – and

The #1 Reason to List Your House, NOW!

October 25, 2017

For Buyers, For Sellers, Move-Up Buyers, Pricing

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The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that sales rose 0.7% month-over-month, but remain 1.5% lower than they were a year ago. Some may look at these numbers and think that now is not a good time to sell their house, but in fact,