by Brent Knapp | First Time Home Buyers, For Buyers, Move-Up Buyers
The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today’s market.One such study by the Wharton School of Business at the University of...
by Brent Knapp | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Some Highlights:Historically, the choice between renting or buying a home has been a close decision.Looking at the percentage of income needed to rent a median priced home today (30%) vs. the percentage needed to buy a median priced home (15%), the choice becomes...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers
CoreLogic released their most current Home Price Index last week. In the report, they revealed home appreciation in three categories: percentage appreciation over the last year, over the last month and projected over the next twelve months.Here are state maps for each...
by Brent Knapp | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers, Pricing
If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interest at heart, they may not be fully aware of your needs and what is currently happening in the real estate market.Ask...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Interest Rates, Move-Up Buyers
Some Highlights:The interest rate you secure for your mortgage greatly influences your monthly housing costs.In the 1980s, 30-year fixed mortgage rates averaged in the high 12s making the monthly principal and interest payment over $2,000.Interest rates are still at...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction
The number of new home sales is far off historic norms. The National Association of Realtors (NAR) just reported that the percentage of all house sales that were newly constructed homes has fallen to the lowest numbers in forty years. Here is a graph showing the...
![Do You Know the Cost of Renting vs. Buying? [INFOGRAPHIC]](https://assurancehomeloans.us/wp-content/uploads/2016/10/20161014-Rent-vs.-Buy-STM-1080x675.jpg)
![Mortgage Rates by Decade Compared to Today [INFOGRAPHIC]](https://assurancehomeloans.us/wp-content/uploads/2016/10/20161007-Mortgage-Rates-STM-1080x675.jpg)
