by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Pricing
There are some industry pundits claiming that residential home values have risen too quickly and that current levels are on the verge of another housing bubble. It is easy to see how this thinking has taken form if we look at a graph of home prices from 2000 to...
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the...
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
There are many benefits to homeownership. One of the top ones is being able to protect yourself from rising rents and lock in your housing cost for the life of your mortgage.Don’t Become TrappedJonathan Smoke, Chief Economist at realtor.com, reported on what he calls...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers
Some Highlights:The Concept of Supply & Demand is a simple one. The best time to sell something is when supply of that item is low & demand for that item is high!Anything under a 6-month supply is a Seller’s Market!There has not been a 6-months inventory...
by Brent Knapp | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Some industry pundits are saying that the housing market may be heading for a slowdown. One of the data points they use is the falling numbers of the Housing Affordability Index, as reported by the National Association of Realtors (NAR).Here is how NAR defines the...