by Chuck Norsch | Jul 7, 2021 | Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Interest Rates, Millennials, Pricing, Rent vs. Buy
For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated their buying potential by $150k...
![Owning a Home Has Distinct Financial Benefits Over Renting [INFOGRAPHIC]](https://secureservercdn.net/198.71.233.214/668.73c.myftpupload.com/wp-content/uploads/2021/06/20210618-KCM-Share-549x300-1.png?time=1626999007)
by Chuck Norsch | Jun 18, 2021 | First Time Home Buyers, For Buyers, Infographics, Pricing, Rent vs. Buy
Some Highlights When you rent, you build your landlord’s wealth, your monthly payment depends on ever-rising rents, and you don’t benefit from home price appreciation. On the other hand, when you own your home, you build your own wealth, your monthly payment is locked...
by Chuck Norsch | Jun 17, 2021 | First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy
The real estate market is soaring today. Residential home values are rising, and that’s a big win for homeowners. In 2020, there was a double-digit increase in home values – a trend that’s expected to head toward similar levels this year. However, skyrocketing prices...
by Chuck Norsch | Jun 1, 2021 | First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy
Our homes are so much more than the houses we live in. For many, they’ve also become our workplaces, schools for our children, and safe harbors in which we’ve weathered the toughest moments of a global pandemic. Today, 65.6% of Americans call their homes their own, a...
by Chuck Norsch | May 27, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy
There’s a lot of discussion about affordability as home prices continue to appreciate rapidly. Even though the most recent index on affordability from the National Association of Realtors (NAR) shows homes are more affordable today than the historical average, some...
by Chuck Norsch | May 26, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Pricing, Rent vs. Buy
The last year has put emphasis on the importance of one’s home. As a result, some renters are making the jump into homeownership while some homeowners are re-evaluating their current house and considering a move to one that better fits their current lifestyle....
