First Time Buyers Archives

Single Women Make Up 2nd Largest Home Buying Group

According to the National Association of Realtors’ (NAR) 2015 Profile of Home Buyers and Sellers, single women made up 18% of all first-time homebuyers last year, second only to married couples who made up 54% of total buyers.

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June 8, 2016/by KCM CREW

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage.

For Buyers, First-Time Buyers

Is Your First Home Within Your Grasp Now?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage.

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June 7, 2016/by KCM CREW

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

For Buyers, For Sellers, First-Time Buyers, Move-Up, For Sale by Owner

5 Reasons To Hire A Real Estate Pro

Whether you are buying or selling a home, it can be quite an adventurous journey. You need an experienced Real Estate Professional to lead you to your ultimate goal. In this world of instant gratification and internet searches, many sellers think that they can For Sale by Owner or FSBO.

Read more →

June 6, 2016/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Move-Up

June is National Homeownership Month! [INFOGRAPHIC]

Some Highlights:

Paying rent is not a good investment, but owning is a great way to start building family wealth.
Not only does homeownership allow you to provide your children with great education, but you can also decide whether or not your child grows up with a pet.
Owning a home provides you with tax benefits while also providing you with more living space to move around in.

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June 3, 2016/by KCM CREW

As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.

For Buyers, Home Prices, First-Time Buyers, Move-Up

How Does Housing Help Build Family Wealth?

As the economy continues to improve, more and more Americans are seeing their personal financial situations also improving. Instead of just getting by, many are now beginning to save and find other ways to build their net worth. One way to dramatically increase their family wealth is through the acquisition of real estate.

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May 31, 2016/by KCM CREW

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

For Buyers, For Sellers, Home Prices, First-Time Buyers, Move-Up

Where Are Home Values Headed Over the Next 5 Years?

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey.

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May 24, 2016/by KCM CREW

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

For Buyers, Home Prices, First-Time Buyers, Move-Up

When Is It A Good Time To Rent? Definitely NOT NOW!

People often ask whether or not now is a good time to buy a home. No one ever asks when a good time to rent is. However, we want to make certain that everyone understands that today is NOT a good time to rent.

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May 23, 2016/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Move-Up

Renting vs. Buying: What Does it Really Cost? [INFOGRAPHIC]

Some Highlights:

The percentage of income needed to afford a median priced home is almost half the percentage of income needed to afford median rent.
Buying costs are significantly less than renting costs.
The percentage of income needed to afford a median priced home is less than the historic norm.

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May 20, 2016/by KCM CREW

Every four years people question what effect the Presidential election might have on the national housing market. Let’s take a look at what is currently taking place. The New York Times ran an article earlier this week where they explained:

For Buyers, First-Time Buyers

The Presidential Election and Its Impact on Housing

Every four years people question what effect the Presidential election might have on the national housing market. Let’s take a look at what is currently taking place. The New York Times ran an article earlier this week where they explained:

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May 19, 2016/by KCM CREW

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).

For Buyers, First-Time Buyers, Move-Up

Mortgage Rates Remain at Historic Lows

The latest report from Freddie Mac shows that the 30-year fixed-rate mortgage averaged 3.61% last week, slightly down from the week before (3.66%), and nearly 20 points lower than a year ago (3.80%).

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May 10, 2016/by KCM CREW

With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine. He simply explained:

For Buyers, Home Prices, First-Time Buyers, Move-Up

Warren Buffett: There is No Housing Bubble

With home prices expected to appreciate by over 5% this year, some are beginning to worry about a new housing bubble forming. Warren Buffet addressed this issue last week in an article by Fortune Magazine. He simply explained:

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May 5, 2016/by KCM CREW

The Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the “best long term investment.” Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds, gold, savings accounts or bonds.

For Buyers, First-Time Buyers, Move-Up

Americans Rank Real Estate #1 Long Term Investment

The Gallup organization recently released a survey in which Americans were asked to rank what they considered to be the “best long term investment.” Real estate ranked number one, with 35% of those surveyed saying it was a better long term investment than stocks & mutual funds, gold, savings accounts or bonds.

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May 4, 2016/by KCM CREW

Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that:

For Buyers, First-Time Buyers, Move-Up

Billionaire: Buy a Home… And if You Can, Buy a Second Home!

Three years ago, John Paulson gave a keynote address at the CNBC/Institutional Investor Conference. In his speech, he told those in attendance that he believes housing will continue its strong recovery for the next 4 to 7 years, saying that:

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May 2, 2016/by KCM CREW

A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.

For Buyers, First-Time Buyers, Move-Up

One More Time… You Do Not Need 20% Down To Buy NOW

A survey by Ipsos found that the American public is still somewhat confused about what is actually necessary to qualify for a home mortgage loan in today’s housing market. The study pointed out two major misconceptions that we want to address today.

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April 26, 2016/by KCM CREW

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts.

For Buyers, For Sellers, First-Time Buyers, Move-Up

Thinking of Selling? The Market Needs Your Listing!!

The housing market is really heating up and buyer demand is dramatically increasing as we enter the spring season. However, one challenge to the current market is a major shortage of inventory. Below are a few comments made in the last month by industry experts.

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April 20, 2016/by KCM CREW

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up

Buying a Home is 36% Less Expensive Than Renting Nationwide!

In the latest Rent vs. Buy Report from Trulia, they explained that homeownership remains cheaper than renting with a traditional 30-year fixed rate mortgage in the 100 largest metro areas in the United States.

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April 19, 2016/by KCM CREW

Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.

For Buyers, First-Time Buyers, Move-Up

The Top Reasons Why Americans Buy Homes

Last week, the inaugural “Homebuyer Insights Report” was released by the Bank of America. The report revealed the reasons why consumers purchase homes and what their feelings are regarding homeownership.

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April 13, 2016/by KCM CREW

According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also included other interesting revelations.

For Buyers, First-Time Buyers, Move-Up

Over Half of Americans Planning on Buying in the Next 5 Years

According to the BMO Harris Bank Home Buying Report, 52% of Americans say they are likely to buy a home in the next five years. Americans surveyed for the report said that they would be willing to pay an average of $296,000 for a home and would average a 21% down payment. The report also included other interesting revelations.

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April 12, 2016/by KCM CREW

In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.

For Buyers, First-Time Buyers, Move-Up

You Can Save for a Down Payment Faster Than You Think

In a study conducted by Builder.com, researchers determined that nationwide, it would take “nearly eight years” for a first-time buyer to save enough for a down payment on their dream home.

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April 11, 2016/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Move-Up

More & More Singles Are Falling For Their Dream Home [INFOGRAPHIC]

Some Highlights:

24% of all recent home buyers were single at the time of purchase.
47% of single men cite the desire to own a home of their own as the primary reason to buy.
18% of first-time buyers were single women.

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April 8, 2016/by KCM CREW

How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is “an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to individual and community success”.

For Buyers, First-Time Buyers, Move-Up

Building Wealth: First Rung on the Ladder is Housing

How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is “an online resource for the most rigorous research and practical information on how a quality, stable, affordable home in a vibrant community contributes to individual and community success”.

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April 7, 2016/by KCM CREW

A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.”

For Buyers, For Sellers, First-Time Buyers, Move-Up

Real Estate: 2016 Will Be the Best Year in a Decade

A few weeks ago, Jonathan Smoke, the Chief Economist at realtor.com, exclaimed: “All indicators point to this spring being the busiest since 2006.”

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April 6, 2016/by KCM CREW

There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

For Buyers, First-Time Buyers

Rent or Buy: Either Way You’re Paying A Mortgage

There are some renters that have not yet purchased a home because they are uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you are living with your parents rent free, you are paying a mortgage - either your mortgage or your landlord’s.

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April 5, 2016/by KCM CREW

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows.

For Buyers, For Sellers, Home Prices, First-Time Buyers, Move-Up

Don’t Wait! Move Up To Your Dream Home Now!

Now that the housing market has stabilized, more and more homeowners are considering moving up to the home they have always dreamed of. Prices are still below those of a few years ago and interest rates have stayed near historic lows.

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April 4, 2016/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Move-Up

Don't Be Fooled... Homeownership Is A Great Investment! [INFOGRAPHIC]

Some Highlights:

Harvard University's Joint Center of Housing Studies recently released the top financial & emotional reasons to own a home.
Owning is a good way to build up wealth that can be passed along to your family as it is usually a form of "forced savings."
Whether you rent or own, you are paying a mortgage. Yours when you own, your landlord's when you rent.

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April 1, 2016/by KCM CREW

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