First-time homebuyers are struggling to purchase homes due to the fluctuating and expensive housing market. According to the June Cromford report, “On June 29, Freddie Mac announced that it will increase homeownership opportunities for first-time homebuyers by considering on-time rent payments as part of the company’s loan purchase decisions”. Thus, making it easier for people […]
Skyrocketing home values in the Phoenix–Mesa–Scottsdale metro area have increased homeowner’s wealth by 118% in the past 5 years. In fact, Phoenix saw the 2nd most significant percentage increase in wealth from homeownership in the country. Over this period, homeowners in the area saw average home wealth gains of $256,600. A new report by our team, a real estate marketplace, highlights the cities with the most […]
Yes, you can list your property in a low inventory market even if you haven’t found a home to buy yet. In fact, it may be advantageous to list your property first before finding a new home, especially in a low inventory market where homes are in high demand. Listing your property before finding a […]
Adjustable-rate mortgages, also known as ARMs, come with pros and cons — like most major decisions in life. While the rate on the loan adjusts with market conditions, meaning it could fluctuate over time, ARMs are a lending option that could offer opportunity for the right buyer at the right time. The Lending Landscape Mortgages […]
Owning a home can have significant tax implications, both in terms of deductions and potential tax liabilities. Here are some key tax considerations for homeowners: Mortgage interest deduction: Homeowners can deduct the interest they pay on their mortgage, up to a certain amount, on their federal income taxes. This can result in significant tax savings, […]
When buying a home, it’s important to have a home inspection conducted by a licensed and qualified home inspector. A home inspection can reveal any potential issues or problems with the property, allowing you to make an informed decision before purchasing. Here are some things to consider when choosing a home inspection and what to […]
The amount of money you need to save for a down payment and closing costs will depend on several factors, including the purchase price of the home, the type of loan you’re getting, and the location of the property. Here are some general guidelines: Down payment: Most lenders require a down payment of at least […]
Los precios de las casas en Arizona varían según la ubicación, el tamaño, la edad y otras características de la propiedad. Según los datos de Zillow, el precio medio de las casas en Arizona en febrero de 2023 es de aproximadamente $465,000 dólares. Sin embargo, es importante tener en cuenta que el precio medio puede […]
According to Zillow, first-time home buying rose from 37% in 2021 to 45% in 2022. The real estate climate has experienced a major shift and is now more accessible for these individuals to purchase a home. In the years before, a competitive, low inventory market could have likely been a contribution to the limited number of […]
The best way to find out how much house you can afford is to talk to a lender. They must factor in your credit, your debt-to-income ratio, and more. Your best bet is to speak with a seasoned mortgage banker that comes recommended from your agent or a trusted friend/family member. The internet is ripe […]