Category Archives: Buying

house

How to Determine If You Can Afford to Buy a Home

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today. It is true that home prices and wages are two key elements in any affordability

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4 Reasons to Buy a Home This Fall

Here are four great reasons to consider buying a home today, instead of waiting. 1. Prices Will Continue to Rise CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by 3.6% over the last 12 months. The same report predicts prices will continue to increase at

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Homeowners Are Happy! Renters? Not So Much.

When people talk about homeownership and the American Dream, much of the conversation revolves around the financial benefits of owning a home. However, two recent studies show that the non-financial benefits might be even more valuable. In a recent survey, Bank of America asked homeowners: “Does owning a home

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saving

One of the Top Reasons to Own a Home

One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The

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Things to Avoid After Applying for a Mortgage

Congratulations! You did the first step in home buying process – applied for a mortgage! Be careful: before you make any large purchases, move your money around, or make any big-time life changes, consult your loan officer – someone who will be able to tell

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6 Graphs Showing the Strength of the Current Housing Market

Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home. Mortgage rates remaining near historic lows and houses selling in an average of only 29 days

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Understanding Proposition 60/90

PROPOSITION 60 allows homeowners who are 55 years or older to transfer the base-year value of their principal residence to a replacement dwelling located in the same county, under certain circumstances. What are the requirements to be eligible for Proposition 60? At the date of

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choosing neighborhood

Choosing a neighborhood

In the third quarter of 2018, homebuyers were asked what they take into consideration when choosing a new neighborhood, the importance of highly ranked schools, and the number of homes available for sale in their neighborhood.  

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1031

Understand 1031 Exchange

A 1031 Tax Deferred Exchange allows real estate investors to defer the payment of capital gains taxes when selling an investment property and exchanging into another investment property. There are several types of exchanges available to investors depending on how they wish to structure their

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