by Brent Knapp | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights:Interest rates have come a long way in the last 30 years.The interest rate you secure directly impacts your monthly payment and the amount of house that you can afford if you plan to stay within a certain budget.Interest rates are at their lowest in...
by Brent Knapp | For Buyers, For Sellers, Housing Market Updates, Infographics
Some Highlights:Existing home sales have accelerated to the highest pace since February 2007 at an annual pace of 5.57 million.Inventory of homes for sale remains below the historically normal 6-month mark at a 4.6-month supply, down 5.8% year-over-year.Median home...
by Brent Knapp | Down Payments, First Time Home Buyers, For Buyers, Infographics, Interest Rates
Some Highlights:Interest Rates are still below historic numbers.88% of property managers raised their rent in the last 12 months!Credit score requirements to be approved for a mortgage continue to fall. Source: KCM
by Brent Knapp | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights:The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time.Freddie Mac predicts interest rates to rise to 4.6% by next year.CoreLogic predicts home...
by Brent Knapp | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some Highlights:95% of first-time homebuyers are willing to sacrifice to make homeownership a reality.The top thing that buyers sacrifice are new clothes at 54%.Even repeat or experienced buyers say they sacrificed taking a vacation or buying a new car to buy their...
by Brent Knapp | First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers
Some Highlights:Sales of existing homes reached the highest annual pace in over 9 years at 5.29 million.Inventory remains below the 6-month norm and prices are still on the rise.Interest rates are at a historic low of 3.48%. Source: KCM