ARCHIVED BLOG POSTS
2018
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Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.9%) vs. the percentage needed to buy a median-priced home (15.7%), the choice becomes obvious. Every market is di...
03/30/2018
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...
03/22/2018
Graduate students at the Department of City and Regional Planning at the University of Memphis use asset mapping to mark areas of great significance in neighborhoods, as expressed by neighborhood residents during community engagement processes. As Memphis prepares to enter its third century as a...
03/22/2018
Last week, we shared “7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans?Let’s look at this example.Let’s say you have a 4-bedroom colonial style h...
03/21/2018
CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity situation.“U.S homeowners with mortgages (roughly 63% of all the properties)...
03/21/2018
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If your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control. The inventory of homes f...
03/19/2018
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Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. Don’t wait until rates hit 5% to start searching for your...
03/19/2018
If you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed.Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the l...
03/15/2018
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each state. Using data from the United States Censu...
03/14/2018
Here are four great reasons to consider buying a home today instead of waiting.Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4....
03/13/2018
Rainmaker
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Jennifer Carstensen -The Real Estate Agency
We specialize in selling houses (License: 317824)