Home prices have consistently risen. For instance, according to Statista, the median price for a single-family house stood at about $391,200 in April 2022. That represents an increase of over $100,000 since 2018. Mortgage rates have also risen significantly. You’d expect these sharply higher rates to slow down house price appreciation. As a prospective buyer, […]
What are the Financial and Tax Benefits of Homeownership?
Homeowners who have maintained their properties in good condition can see a significant return. Even adjusting for inflation, home values tend to have positive gains over the years. Note: Consult your licensed financial tax expert before making changes in homeownership for financial and tax purposes. Home Price Trends While the average home price has risen […]
Renting vs. Owning a Home
Owning a home is a life-changing decision, and it’s something to take seriously. And while homeownership is the ultimate goal for most people, owning a home has several challenging aspects. If you’re still renting and contemplating whether to renew your lease or buy a home, here are some essential points to help you decide. The […]
Top Seven Tips for First-Time Homebuyers
Purchasing a first home is an exciting time. The saving, researching, comparing, and final closing, followed by the excitement of the move-in, are experiences first-time homebuyers long remember. However, it is helpful for first-time buyers to exercise extreme caution with each step of the process. Selecting a professional Realtor in advance to help advise and […]
What You Should Know About Home Appraisals
Home appraisals performed by professionally certified appraisers are required in most real estate transactions and mortgage refinances. When a lender is involved in loans that use a property as collateral, they order an appraisal to ensure the property meets or exceeds the loan amount. Appraisals protect the lender in case of subsequent default by the […]
