by kramoltz@hotmail.com | Sep 15, 2023 | Home Buying, Selling Your Home
Baby boomers comprised the highest share of buyers and sellers nationwide according to the National Association of REALTORS®’ 2023 Home Buyers and Sellers Generational Trends Report. Baby boomers—people ages 58 to 76—accounted for 53% of sellers and 39% of...
by kramoltz@hotmail.com | Mar 13, 2023 | Home Buying, Mortgages + Lending, Real Estate Facts & Figures
1. First-time Buyers are Scarce. The first-time buyer share of the market dropped to 26% over the past year. Historically, first-time buyers buy around 40% of homes. The reason was the high prices and the rise in interest rates. Hopefully the price correction...
by kramoltz@hotmail.com | Feb 14, 2023 | Mortgages + Lending
Buying down an interest rate is a way for a seller to offer a financial incentive to a buyer. It results in a temporary reduction, which means lower payments under the buyer’s loan. Because of the dramatic increase in rates and the negative result on home sales, in...
by kramoltz@hotmail.com | May 18, 2021 | Home Buying, Renters and Renting
1. Low Mortgage Rates. Loan payments are affordable due to low interest rates, pushing housing accessibility higher, which has helped to offset our rise in prices. 2. Rent is High. It’s often cheaper to buy than lease as rents have been on the rise and are predicted...
by kramoltz@hotmail.com | Apr 28, 2021 | Home Buying
A significant amount of first time buyers are prevented from buying a home because they don’t have an enough money for a down payment. According to Nerdwallet, that percentage is 38%. Another survey says 44% of people can’t buy a new home due to insufficient cash to...
