How much is a typical down payment for a home?

With home prices increasing, so are down payments.

Coming up with a down payment for a home purchase is oftentimes one of the biggest challenges faced by buyers. While move-up buyers can use the money from selling their current home, first-time buyers are forced to save this money from scratch. Fortunately, there are various loan types and options that may provide some flexibility… Continue reading How much is a typical down payment for a home?

Is it cheaper to rent or buy a home?

It may be more affordable to rent vs buy in some markets.

Is it cheaper to rent or buy a home? This is one of the most common questions that we hear in real estate each year. Like all of real estate, the answer will vary based on your location. A new report from ATTOM Data Solutions looked closer at this question. Even though home prices have… Continue reading Is it cheaper to rent or buy a home?

The millennial movement in real estate

Millennials will continue to shape the real estate market for the foreseeable future.

For some time, the millennial generation has been known to be a “subscription-based” demographic. For example, gone are the days of purchasing music for this generation & instead they simply subscribe to a music streaming service. With more importance being placed on experiences as opposed to ownership, many millennials have historically opted to remain as… Continue reading The millennial movement in real estate

The 2022 real estate forecast

Much of the same for the real estate market in 2022? Perhaps?

At the beginning of the pandemic, many Americans believed that we might see a pullback in the real estate market. However, this could not have been further from the truth. Over the past two years, the real estate market has shown significant strength and resiliency. Across the country and by any metric (total sales, median… Continue reading The 2022 real estate forecast

Most popular home renovations for 2022

With more homeowners opting to renovate, we discuss the most popular items for 2022.

The new year is an opportunity for many homeowners to update their homes. Given the incredibly low inventory of homes for sale, many more homeowners are opting to embark on home renovation projects. In fact, a recent survey found that 72% of homeowners will consider at least one home improvement project in 2022. Most popular… Continue reading Most popular home renovations for 2022

Are Americans moving less?

U.S. Census data indicates that Americans have been moving less in recent years.

By now you have probably seen many headlines over the past two years highlighting the fact that many Americans have been moving out of the big cities and into suburban areas offering more space. While this is true in many cases, the data may show something different. Overall, the pandemic and resulting explosion in remote… Continue reading Are Americans moving less?

More homeowners feel “house poor”

Feeling house poor is a common among new homeowners.

Most Americans that own homes have more than likely considered themselves “house poor” at some point. In simple terms, “house poor” simply refers to a feeling that housing expenses are higher than owners can typically handle. According to a study by Consumer Affairs, a majority of home owners found the price of home ownership to… Continue reading More homeowners feel “house poor”

Are more condo inspections on the way?

Stricter condominium re-certifications and inspections are likely coming.

No one will ever forget the June 24th, 2021 tragedy in Surfside, FL. On this day, the Champlain Towers South oceanfront condominium collapsed, killing 98 people. Although no cause of the collapse has been determined, records show the building had significant structural damage in its underground parking garage. At the time of this collapse, the… Continue reading Are more condo inspections on the way?

How to get moving boxes for free

Moving can be expensive. Here are some tips for getting free moving boxes.

Moving can be an exciting time, but it can also be an expensive endeavor as well. As with most things these days, there are always hidden and surprising costs. One of these costs that can quickly add up are moving boxes. However, with a little planning ahead, you can avoid having to purchase moving boxes… Continue reading How to get moving boxes for free