Millionaire To Millennials: The Costly Mistake Of Not Buying Now
  • Post By : New Home Ambassador

 

On his personal website, self-made millionaire David Bach makes a striking statement:

“Not prioritizing homeownership is the single biggest mistake millennials are making.”

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New Home Friday 08-04-2019
  • Post By : Lanre Folayan

3 Powerful Reasons to Buy a Home Now
  • Post By : New Home Ambassador

Whether you are a first-time buyer or looking to move up to the home of your dreams, now is a great time to purchase a home. Here are three major reasons to buy today.

  1. Affordability

Many people focus solely on price when talking about home affordability. Since home prices have appreciated throughout the past year, they assume homes are less affordable. However, affordability is determined by three components:

  • Price
  • Wages
  • Mortgage Interest Rate

Prices are up, but so are wages – and interest rates have recently dropped dramatically (see #2 below). As a result, the National Association of Realtors’ (NAR) latest Affordability Index report revealed that homes are MORE affordable throughout the country today than they were a year ago.

“All four regions saw an increase in affordability from a year ago. The South had the biggest gain in affordability of 6.9%, followed by the West with a gain of 6.0%. The Midwest had an increase of 5.8%, followed by the Northeast with the smallest gain of 1.8%.”

  1. Mortgage Interest Rates...

The Cost Of Waiting: Interest Rates Edition
  • Post By : New Home Ambassador

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2020.
  • The higher your interest rate, the more money you will end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now – don’t wait until they hit 5% to start searching for your dream home!

 

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New Home Friday 07-16-2019
  • Post By : Lanre Folayan

New Home Friday 06-28-2019
  • Post By : Lanre Folayan

New Home Friday 06-24-2019
  • Post By : Lanre Folayan

4 Reasons to Sell This Summer
  • Post By : New Home Ambassador

Some Highlights:

  • Buyer demand continues to outpace the supply of homes for sale. This means that buyers are often competing with one another for the few listings that are available.
  • Housing inventory is still under the 6-month supply needed to sustain a normal housing market.
  • Now may be the time for you and your family to move on and start living the life you desire!
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Top 4 Renovations For The Greatest Return On Investment!
  • Post By : New Home Ambassador

Some Highlights:

  • If you are planning on listing your house for sale this year, these four home improvement projects will net you the most Return on Investment (ROI).
  • Minor renovations can go a long way toward improving the quality of your everyday life and/or impressing potential buyers.
  • Whether you plan to stay in your house for a long time or just a few years, it’s smart to know which home renovations add the most value.
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2 Myths Holding Back Home Buyers
  • Post By : New Home Ambassador

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that,

“For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save for the down payment…

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