Category: Buyers

How to buy a home without a 20% down payment

Don’t have tens of thousands of dollars in savings? That doesn’t mean there’s no hope of becoming a homeowner. Home prices are on the rise, making it harder for buyers to cobble together a 20% down payment. With the national average listing price for a four-bedroom, two-bathroom home at $302,632 home buyers need to come …

Continue reading

Bellevue Condo For Sale!

24% of Recent Home Buyers Were Single

Buying a Home 35% Less Expensive than Renting

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 throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 16% in Honolulu (HI), all the way to 55% in …

Continue reading

Buying A Home Is Better Way to Produce Wealth Than Renting

According to the latest Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index homeownership is a better way to produce greater wealth, on average, than renting. The BH&J Index is a quarterly report that attempts to answer the question: Is it better to rent or buy a home in today’s housing market? The index examines that entire US …

Continue reading

Buy vs Rent: What really builds family wealth?

​ There has been recent press regarding whether or not it makes better financial sense to rent rather than buy in today’s housing market. As an example, the recently released June Summary of the BH&J Buy vs. Rent Index reported: “…as of the end of the first quarter of 2015, the housing market in the …

Continue reading

Ten avoidable mistakes first-time homebuyers commonly make

1. Neglect To Clean Up Their Credit Before Applying For A Loan Source: Flickr user Simon Cunningham Unless someone has the ability to pay for the home they’re looking at in cash, they’re going to have to take out a home loan. Getting approved for a loan, how much you can take out on the loan, …

Continue reading

4 Reasons to Buy Now!

  4 Reasons to Buy NOW! Summer is here! The temperature isn’t the only thing heating up right now, so too is the housing market! Here are four great reasons to consider buying a home today instead of waiting. 1. Prices Will Continue to Rise The Home Price Expectation Survey polls a distinguished panel of over 100 …

Continue reading

Attaining the American Dream: The 5 Financial Reasons to Buy

Eric Belsky, the Managing Director of the Joint Center of Housing Studies at Harvard University expanded on the top 5 financial benefits of home ownership in his paper – The Dream Lives On: the Future of Home ownership in America. Here are the five reasons, each followed by an excerpt from the study: 1) Housing is typically …

Continue reading

Nationally, renting is twice as expensive as buying

It’s more affordable to buy a home now in most U.S. metros than it was 15 years ago, even for millennials putting down less money on a home, according to a Zillow analysis of third-quarter income and home value data. Renters, however, continue to pay an increasing share of their income to their landlords as …

Continue reading