by Chuck Norsch | Mar 14, 2019 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy
“The rumors of my death are greatly exaggerated.” The famous quote attributed to Mark Twain can apply to homeownership in the United States today. During the housing bubble of the last decade, the homeownership rate soared to over sixty-nine percent. After the crash,...
by Chuck Norsch | Feb 26, 2019 | First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy
Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date...
by Chuck Norsch | Feb 25, 2019 | First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy
Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15%...
by Chuck Norsch | Feb 20, 2019 | First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing, Rent vs. Buy
The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home...
by Chuck Norsch | Feb 18, 2019 | First Time Home Buyers, For Buyers, Millennials, Move-Up Buyers, Rent vs. Buy
In a CNBC article, self-made millionaire David Bach explained that: “The biggest mistake millennials are making is not buying their first home.” He goes on to say that, “If you want to build real financial security, real wealth for your lifetime, then you need to buy...
by Chuck Norsch | Feb 13, 2019 | Baby Boomers, First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy, Senior Market
Study after study shows that no matter what generation Americans belong to, the vast majority believe that homeownership is an important part of their American Dream. The benefits of homeownership can be broken into two main categories: financial and non-financial...
