by Brent Knapp | First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers
Some Highlights:‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau.According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.More and more ‘Old Millennials’ (25-36 year...
by Brent Knapp | Down Payments, First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
The media has extensively covered the rise in mortgage interest rates since last fall (from 3.42% last September to the current 4.1% according to Freddie Mac). However, a less covered aspect of the mortgage market is that requirements to get a mortgage have eased...
by Brent Knapp | Down Payments, First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers
A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January.The trend continued through all buyers with a mortgage, as 62% made a down payment of less than...
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.Don’t Become Trapped Jonathan Smoke, Chief Economist at realtor.com, reported on what he...
by Brent Knapp | For Sellers
When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.In order to...