First Time Home Buyers

Key Factors Affecting Home Affordability Today

First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing /

\"KeyEvery time there’s a news segment about the housing market, we hear about the affordability challenges buyers are facing today. Those headlines are focused on how much mortgage rates have climbed this year. And while it’s true rates have risen dramatically, it’s important to remember they aren’t the only factor in the affordability equation. Here […]

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Do You Believe Homeownership Is Out of Reach? Maybe It Doesn’t Have To Be.

Demographics, First Time Home Buyers, For Buyers, Gen Z, Millennials, Move-Up Buyers /

\"DoIt turns out, millennials aren’t the renter generation after all. The 2022 Consumer Insights Report from Mynd says there’s a portion of millennial and Gen Z buyers who are pursuing homeownership as a way to build their wealth, but it may not be exactly the way previous generations have done it. The study explains how […]

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3 Trends That Are Good News for Today’s Homebuyers

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

\"3While higher mortgage rates are creating affordability challenges for homebuyers this year, there is some good news for those people still looking to buy a home. As the market has cooled this year, some of the intensity buyers faced during the peak frenzy of the pandemic has cooled too. Here are just a few trends […]

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Pre-Approval Is a Critical First Step on Your Homebuying Journey

First Time Home Buyers, For Buyers, Move-Up Buyers /

\"Pre-ApprovalIf you’re planning to buy a home this year, one of the first steps on your journey is getting pre-approved. Especially in today’s market when mortgage rates are higher than they were just a few months ago, getting a mortgage pre-approval can be a game changer. Here’s why. What Is Pre-Approval? To better understand why […]

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Should You Still Buy a Home with the Latest News About Inflation?

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy /

\"ShouldWhile the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still high, remaining around 8%. This news impacted the stock market and added fuel to the fire for conversations about a recession. You’re likely feeling the impact in your day-to-day life as you watch the cost […]

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The Latest on Supply and Demand in Housing

First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers /

\"TheOver the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, […]

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The Emotional and Non-financial Benefits of Homeownership

First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy /

\"TheWith higher mortgage rates, you might be wondering if now’s the best time to buy a home. While the financial aspects are important to consider, there are also powerful non-financial reasons it may make sense to make a move. Here are just a few of the benefits that come with homeownership. Homeowners Can Make Their […]

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