First Time Buyers Archives

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

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]

Some Highlights

Buying a home can be intimidating if you are not familiar with the terms used during the process.
To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home.
The best way to ensure that your home-buying process is a confident one is to find a real estate professional who not only puts your family’s needs first, but will guide you through every aspect of the transaction with ‘the heart of a teacher.’

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October 12, 2018/by KCM CREW

We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years?

For Buyers, For Sellers, First-Time Buyers

Dispelling the Myth About Home Affordability

We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last 11 years?

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October 11, 2018/by KCM CREW

According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).

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

New Home Sales Up 12.7% From Last Year

According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).

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October 10, 2018/by KCM CREW

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.

CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change,

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

What’s Going On With Home Prices?

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank Nothaft gave some insight into this change,

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October 9, 2018/by KCM CREW

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

The True Cost of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.

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October 8, 2018/by KCM CREW

For Buyers, Infographics, First-Time Buyers, Rent vs. Buy

Buying a Home is Cheaper than Renting in 38 States! [INFOGRAPHIC]

Some Highlights

According to a study by GOBankingRates, it is cheaper to buy a home than rent in 38 states across the country.
In six states the difference between buying & renting would account for less than a $50 monthly difference, leaving the choice up to the individual family.
Nationwide, it is now 26.3% cheaper to buy.

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October 5, 2018/by KCM CREW

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

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

Are We About to Enter a Buyers’ Market?

Home sales are below last year’s levels, home values are appreciating at a slower pace, and there are reports showing purchasing demand softening. This has some thinking we may be entering a buyers’ market after sellers have had the upper hand for the past several years. Is this really happening?

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October 4, 2018/by KCM CREW

When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.

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

2 Factors to Watch in Today’s Real Estate Market Whether Buying or Selling

When it comes to buying or selling a home there are many factors you should consider. Where you want to live, why you want to buy or sell, and who will help you along your journey are just some of those factors. When it comes to today’s real estate market, though, the top two factors to consider are what’s happening with interest rates & inventory.

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October 3, 2018/by KCM CREW

Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year.

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

Mortgage Interest Rates are Still Going Up… Should You Wait to Buy?

Mortgage interest rates, as reported by Freddie Mac, have increased by close to a quarter of a percent over the last several weeks. Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and the National Association of Realtors are all calling for mortgage rates to rise another quarter of a percent by next year.

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October 2, 2018/by KCM CREW

For Buyers, Infographics, Home Prices, First-Time Buyers, Mortgage Rates, Move-Up

Should I Buy Now? Or Wait Until Next Year? [INFOGRAPHIC]

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 5.2% by the third quarter of 2019.
CoreLogic predicts home prices to appreciate by 5.1% over the next 12 months.
If you are ready and willing to buy your dream home, find out if you are able to!

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September 28, 2018/by KCM CREW

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.

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

Are Home Prices Softening or Are They Falling?

We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values.

Read more →

September 27, 2018/by KCM CREW

Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live.

For Buyers, First-Time Buyers, Move-Up

The Cost of NOT Paying PMI

Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live.

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September 26, 2018/by KCM CREW

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

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

Where Are Mortgage Interest Rates Headed In 2019?

The interest rate you pay on your home mortgage has a direct impact on your monthly payment; the higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search.

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September 25, 2018/by KCM CREW

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year.

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

How Much Has Your Home Increased in Value?

Home values have risen dramatically over the last twelve months. In CoreLogic’s most recent Home Price Index Report, they revealed that national home prices have increased by 6.2% year-over-year.

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September 24, 2018/by KCM CREW

CoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared.

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

Home Prices: The Difference 5 Years Makes

CoreLogic recently released their Home Price Index Report. One of the key indicators used in the report to determine the health of the housing market was home price appreciation. CoreLogic focused on appreciation from July 2013 to July 2018 to show how prices over the last five years have fared.

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September 18, 2018/by KCM CREW

For Buyers, Infographics, First-Time Buyers

Is Buying a Home Really More Stressful Than Planning a Wedding? [INFOGRAPHIC]

Some Highlights

According to a new survey from Open Listings, 62% of Americans ages 25-54 believe that buying a home is more stressful than planning a wedding.
Many young couples are saving for a wedding and a home at the same time.
The average US wedding now costs 66% of a median home down payment, according to The Knot.

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September 14, 2018/by KCM CREW

For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.

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

Are Homebuyers Starting to Hit the ‘Pause’ Button?

For the last several years, buyer demand has far exceeded the housing supply available for sale. This low supply and high demand have led to home prices appreciating by an average of 6.2% annually since 2012.

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September 13, 2018/by KCM CREW

Here are four great reasons to consider buying a home today instead of waiting.

For Buyers, First-Time Buyers, Move-Up

4 Reasons Why Fall Is A Great Time to Buy A Home!

Here are four great reasons to consider buying a home today instead of waiting.

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September 10, 2018/by KCM CREW

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

Home Prices Up 6.49% Across the Country! [INFOGRAPHIC]

Some Highlights

The Federal Housing Finance Agency (FHFA) recently released their latest quarterly Home Price Index report.
In the report, home prices are compared both regionally and by state.
Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!

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September 7, 2018/by KCM CREW

There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents.

For Buyers, First-Time Buyers, Rent vs. Buy

Homeownership is a Dominant Gene

There are many things that factor into the decision to buy a home. New research from the Urban Institute suggests that one of those things may be inherited from your parents.

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September 5, 2018/by KCM CREW

There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.

For Buyers, First-Time Buyers, Rent vs. Buy

Rents Are on The Rise: Don’t Get Caught in The Rental Trap!

There are many benefits to homeownership, but one of the top benefits is protecting yourself from rising rents by locking in your housing cost for the life of your mortgage.

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September 4, 2018/by KCM CREW

There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage.

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

Top 3 Myths About Today’s Real Estate Market

There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others are just plain wrong when it comes to what it takes to qualify for a mortgage.

Read more →

August 29, 2018/by KCM CREW

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

For Buyers, First-Time Buyers, Mortgage Rates, Move-Up, Rent vs. Buy

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

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

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August 27, 2018/by KCM CREW

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home.

For Buyers, First-Time Buyers, Move-Up

Having Trouble Saving Enough for Your Down Payment? Crowdfund It!

You read that right! First-time buyers across the country are getting creative when it comes to saving the necessary down payment to buy a home.

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August 22, 2018/by KCM CREW

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

For Buyers, First-Time Buyers, Move-Up, Rent vs. Buy

The Net Worth of a Homeowner is 44x Greater Than A Renter!

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data, covering 2013-2016 was recently released.

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August 20, 2018/by KCM CREW

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