Category Archives for "Homebuyer Resources"

Mar 22

Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices

By Heather Schuck | Homebuyer Resources

Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year. Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to […]

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Mar 06

It’s Tax Season… Use Your Refund to Jump Start Your Down Payment Savings!

By Heather Schuck | Homebuyer Resources

According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax refunds are often thought of as ‘extra money’ that can be used toward larger goals; for anyone looking to buy a […]

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Mar 01

Is Now a Good Time to Rent?

By Heather Schuck | Homebuyer Resources

People often ask if now is a good time to buy a home, but nobody ever asks when it’s a good time to rent. Regardless, we want to make certain that everyone understands that today is NOT a good time to rent. The Census Bureau recently released their 2017 fourth quarter median rent numbers. Here is a graph showing […]

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Jan 09

Net Worth of Homeowners 44X Greater than Renters

By Heather Schuck | Homebuyer Resources

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased […]

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