August 2021

What Buyers and Sellers Need To Know About the Appraisal Gap

Buying Myths, For Buyers, For Sellers, Housing Market Updates, Pricing / By

\"WhatIt’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent months, it’s become increasingly common for an appraisal to come in below the […]

The Difference in Net Worth Between Homeowners and Renters Is Widening

First Time Home Buyers, For Buyers, Rent vs. Buy / By

\"TheBecoming 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 […]

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

First Time Home Buyers, For Buyers, Interest Rates, Pricing, Rent vs. Buy / By

\"IfThere 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% […]

More Young People Are Buying Homes

Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent vs. Buy / By

\"MoreThere’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 […]

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

For Buyers, For Sellers, Housing Market Updates, Pricing / By

\"RealOne of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in sales activity. However, demand isn’t the real issue. Instead, it’s the lack of supply (homes […]