61% of First-Time Buyers Put Down Less than 6%

According to the¬†National Association of Realtors‚Äô¬†latest¬†Realtors Confidence Index, 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers … Continued

Buying A Home Is More Affordable Than Renting In 54% Of US Counties

According to¬†ATTOM Data Solutions‚Äô¬†2018 Rental Affordability Report, ‚Äúbuying a median-priced home is more affordable than renting a three-bedroom property in 240 of 447 [or 54% of] U.S. counties analyzed for the report.‚ÄĚ For the report,¬†ATTOM Data Solutions¬†compared recently released fair market rent data from the¬†Department of Housing and Urban Development¬†with reported income amounts from the¬†Department … Continued

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

There are many benefits to homeownership. One of the top benefits is protecting yourself from rising rents, by locking in your housing cost for the life of your mortgage. Don‚Äôt Become Trapped¬† A recent¬†article¬†by¬†Apartment List¬†addressed rising rents by stating: ‚ÄúRents are up 2.7% year-over-year at the national level.¬†Year-over-year growth continues to fall between the 2.1% … Continued

What is the Cost of Waiting Until Next Year to Buy?

We¬†recently¬†shared that over the course of the last 12 months, home prices have appreciated by 7.0%. Over the same amount of time, interest rates have remained historically low which has allowed many buyers to enter the market. As a seller, you will likely be most concerned about¬†‚Äėshort-term price‚Äô¬†‚Äď where home values are headed over the … Continued

Before You Make an Offer, Here Are 4 Tips for Success!

So, you‚Äôve been searching for that perfect house to call a ‚Äėhome,‚Äô and you finally found it! The price is right, and in such a competitive market, you want to make sure that you make a good offer so that you can guarantee that your dream of making this house yours comes true! Freddie Mac¬†covered¬†‚Äú4 … Continued

The Cost of NOT Owning Your Home

Owning a home has great financial benefits, yet many continue to rent! Today, let‚Äôs look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed. Zillow¬†recently¬†reported¬†that: ‚ÄúIn reality, buying or renting a home is an intensely personal decision, with … Continued

Bubble Alert! Is it Getting Too Easy to Get a Mortgage?

There is little doubt that it is easier to get a home mortgage today than it was last year. The¬†Mortgage Credit Availability Index¬†(MCAI), published by the¬†Mortgage Bankers Association,¬†shows that mortgage credit has become more available in each of the last several years. In fact, in just the last year: More buyers are putting less than … Continued

My Credit Score and Buying a Home: Don‚Äôt Disqualify Yourself‚Ķ 52% of Approved Loans Have A FICO¬ģ Score Under 750

The results of countless studies have shown that potential home buyers, and even current homeowners, have an inflated view of what is really required to qualify for a mortgage in today‚Äôs market. One such study by the¬†Wharton School of Business¬†at the¬†University of Pennsylvania¬†revealed that many millennials have not yet considered purchasing homes simply because they … Continued

June 2017 NH Real Estate Market Report

June market: sales up, price hits high mark After several months of sales decreases compared to a year prior, June numbers were up both in terms of unit sales and median price. Even so, second quarter and year-to-date data showed sales numbers still lagging behind those of the second quarter in 2016. Among the statewide … Continued

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