Posts Tagged buying a home

With fewer homes on the market, does the starter still make sense?

nice starter home backyard

Typically, a first time home buyer chooses a smaller, modest house or condo to begin building equity. After a few years and as their family grows, the homeowner cashes in on that equity and puts their home up for sale, using the proceeds as a down payment on a bigger, better home. At least, that’s always been the traditional timeline of events for your average American home buyer. But today, things are a little different. National home equity took an enormous hit during the Great Recession and some homeowners are still struggling to regain their lost home value. This led

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Is housing affordability a growing concern?

close up of $100 bill

With fewer homes for sale in today’s real estate market, demand has helped push home prices higher and higher. In today’s post, we’ll take a look at housing affordability in the U.S. and explore how potential home buyers can navigate the challenges of the current market. The National Association of Home Builders (NAHB) reported in an August 10 press release that rising home prices offset a quarter-point drop in mortgage interest rates to move housing affordability slightly lower in the second quarter of 2017. This conclusion was drawn from an evaluation of data from the NAHB/Wells Fargo Housing Opportunity Index

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Best Cities for First Time Home Buyers

townhouses palm trees

A recent article from CNBC reported that for the first time since the Great Recession, new homeowners are outpacing new renters in the housing market. With more Americans finally making the switch from renter to owner, CNBC and several other housing news outlets are keeping a close eye on who these new homeowners are and where they’re buying. 

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