Finding a home to buy may be tough in some markets! There is a recent USA Today post that talks about buyers who are making offers sight unseen since the market is so crazy in some areas. I know that recently in one area of Baltimore real estate, we have had two buyers be one [...]
How does the interest rate on a mortgage affect my homebuying power? First, you should understand that the higher your mortgage amount, the more the rate could affect your homebuying ability. In an article by smartasset (TM), it notes that a 0.5% rise in interest rates can raise your monthly payment by $28 per $100,000 [...]
Millennials and homebuying questions - these go hand in hand. Of course, most homebuyers have a lot of questions, but this generation has a unique position where they are between those who had to put 20% down in order to buy a house, and those who do not believe they will ever have the money [...]
Millennials are not buying homes often in many areas, and there is good reason. Millennials don't always have the money for a downpayment to buy a home! An article in USA Today discusses the student debt and lack of savings that can create this issue. A company by the name of Apartment List figured out [...]
The cost of renting vs owning a home in Maryland in 2017 may come as a surprise to many. The analysis was done by MSN Money for every state across the US. They found that the cost of renting in Maryland, on average, was about $1,753 per month. The average cost of a monthly mortgage? [...]
Millennials buy homes for their dogs? Many do, according to an article by the American Kennel Club. The article discusses a recent survey done by Harris Poll for SunTrust Mortgage, where 33% of the Millennials surveyed said that having a yard or better space for their dogs motivated their first home purchase. Marriage followed at [...]
Why does my agent want me to get pre-approved before looking at homes? A website called "The Lighter Side of Real Estate" takes this on in a recent post naming six reasons. They are six very good reasons. Read on. In the post on the site, they liken shopping for a house without a mortgage pre-approval [...]
This Month in Real Estate February 2016 is out! Home sales activity rose to a pace of 5.5 million up from the pace of 4.8 million projected home sales that we saw last month in This Month in Real Estate January 2016. The median home price rose to $224,100 up from $220,300 last month. This [...]
This Month in Real Estate January 2016 has been released. Home sales activity dropped to a pace of 4.8 million, down from the pace of 5.4 million projected home sales that we saw last month in This Month in Real Estate December 2015. The median home price rose to $220,300 from $219,600 from last month. [...]
This Month in Real Estate December 2015 has been released. Home sales activity dropped to a pace of 5.4 million, down from the pace of 5.6 million projected home sales that we saw last month in This Month in Real Estate November 2015. The median home price dropped again, to $219,600 from to $221,900 last [...]