The Difference in Net Worth Between Homeowners and Renters Is Widening

by Seth PfaehlerFirst Time Home Buyers, For Buyers, Rent Vs BuyPosted on Comments are Disabled

Becoming financially secure is an important goal for many people today, but some don’t realize just how much homeownership can help them achieve that dream. A recent report, The Journey Toward Financial Freedom, surveys Americans about their perspective on financial wellness and their goals. It shows there may be a significant misconception about the role …

Read more “The Difference in Net Worth Between Homeowners and Renters Is Widening”

If Housing Affordability Is About the Money, Don’t Forget This.

by Seth PfaehlerFirst Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent Vs BuyPosted on Comments are Disabled

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% …

Read more “If Housing Affordability Is About the Money, Don’t Forget This.”

More Young People Are Buying Homes

by Seth PfaehlerBuying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent Vs BuyPosted on Comments are Disabled

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led to their …

Read more “More Young People Are Buying Homes”

With Rents on the Rise – Is Now the Time To Buy?

by Seth PfaehlerFirst Time Home Buyers, For Buyers, Pricing, Rent Vs BuyPosted on Comments are Disabled

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply recovering to pre-pandemic levels, rents across the country are surging. Typically, rents fluctuate less than …

Read more “With Rents on the Rise – Is Now the Time To Buy?”

The Truths Young Homebuyers Need To Hear

by Seth PfaehlerBuying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Rent Vs BuyPosted on Comments are Disabled

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k or more” “1 in 4 underestimated the increase in value …

Read more “The Truths Young Homebuyers Need To Hear”