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Monthly Archives: December 2018

    No Bubble Here! How New Mortgage Standards Are Helping

    By Doug Yopp | December 18, 2018

    Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down as it did in 2008. As it becomes easier for... Read More

    Don’t Get Caught In The Rental Trap In 2019

    By Doug Yopp | December 18, 2018

    Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America Homebuyer Insights Report, 74% of renters plan... Read More

    How To Simply Increase Your Family Wealth By Paying For Housing

    By Doug Yopp | December 18, 2018

    Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your family’s wealth. Every month that you pay your mortgage, you... Read More

    What If I Wait A Year To Buy A Home?

    By Doug Yopp | December 18, 2018

    National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned about ‘short-term price’ – where home values are headed over... Read More

    Where Are Interest Rates Headed In 2019?

    By Doug Yopp | December 18, 2018

    The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart created using Freddie Mac’s U.S.... Read More

    Homeowners Aged 65+ Have 48x More Net Worth Than Renters

    By Doug Yopp | December 18, 2018

    Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner was $231,400 – a 15% increase since 2013. At the same time, the median net worth of... Read More

    Buyers: Don’t Be Surprised By Closing Costs!

    By Doug Yopp | December 18, 2018

    Many homebuyers think that saving for their down payment is enough to buy the house of their dreams, but what about the closing costs that are required to obtain a mortgage? By law, a homebuyer will receive a loan estimate from their lender 3 days after submitting their loan application and they should receive a... Read More

    4 Reasons To Buy A Home This Winter!

    By Doug Yopp | December 4, 2018

    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 Insight report revealed that home prices have appreciated by 5.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.7% over the next year.... Read More