Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even […]
The National Association of Realtors (NAR) keeps historical data on many aspects of homeownership. One of the data points that has changed dramatically is the median tenure of a family in a home. As the graph below shows, for over twenty years (1985-2008), the median tenure averaged exactly six years. However, since 2008, that average is almost […]
Successful and wealthy people know that money is only a piece of the puzzle. What happens when we strive to build wealth without knowing what our personal life should look like? What impact do people around us have on our mindset? Why is it important to put together a routine for both business and personal […]
We are beginning to see reports that more housing inventory is coming to the market and that buyer demand may not be increasing at the same pace it did earlier this year. The result will be many headlines written to address the impact that these two situations will have on home values. Many of these […]
The inventory of existing homes for sale in today’s market was recently reported to be at a 3.6-month supply according to the National Association of Realtors latest Existing Home Sales Report. Inventory is now 7.1% lower than this time last year, marking the 20th consecutive month of year-over-year drops. Historically, inventory must reach a 6-month supply for a normal […]
Recently there has been a lot of talk about home prices and if they are accelerating too quickly. As we mentioned before, in some areas of the country, seller supply (homes for sale) cannot keep up with the number of buyers out looking for a home, which has caused prices to rise. The great news […]
Financial success makes us feel safe and boosts our self-esteem, but what happens when this isn’t enough for us? Why do we constantly need new goals in our lives to be happy? Why does having only financial goals leave us disappointed? In this episode, Greg Clowminzer shares how he helps his clients achieve business success […]
A concern among many in our industry is that we’re going to get crushed underneath the wave of new technology and AI. Are the effects of changes being overplayed? How do we marry tech and human interaction to prepare ourselves for the future? On this episode, I’m joined by mortgage industry legend, entrepreneur, author, coach, […]
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 Index reports that home prices have appreciated by 6.9% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.8% over the next year. The bottom […]
The National Association of Realtors recently released a study titled ‘Social Benefits of Homeownership and Stable Housing.’ The study confirmed a long-standing belief of most Americans:
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