by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers, Pricing
Over the next five years, home prices are expected to appreciate 3.22% per year on average and to grow by 17.3% cumulatively, according to Pulsenomics’ most recent Home Price Expectation Survey.So, what does this mean for homeowners and their equity position?As an...
by Brent Knapp | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward.The...
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
According to a recent 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...
by Brent Knapp | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median...
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:“Owning a home embodies the promise of individual autonomy and is the...
by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
According to a survey conducted by Bankrate.com, one in four Americans are considering buying a home this year. If this statistic proves to be true, that means that 59 million people will be looking to enter the housing market in 2017.The survey also revealed 3 key...
