Homeownership has many benefits: stability, security, and the freedom to make the space your own. It also offers financial advantages — not only will you get tax benefits, but building equity in your home is like a ready-made savings plan.
Homeownership has many benefits: stability, security, and the freedom to make the space your own. It also offers financial advantages — not only will you get tax benefits, but building equity in your home is like a ready-made savings plan.
As seen in the example below, buying now versus buying a year later at a 1% lower interest rate does have a slightly higher payment. However, a year from now, it is possible one would have $20,000 in equity versus none if one waits to buy.
View More
Interest rates fluctuate, but over the past three decades, they've hovered in the 5-10% range. Below is a graph from 1970 to 2020.
For many, it is hard to wrap their head around the thought of a down payment for a home, especially a first time home buyer. One one side, this is a difficult task, while on the other it can be equally rewarding. So, how can you bulk up your savings ...
View MoreHome sales have dropped as buyers go missing. This is having a huge effect on the luxury market. As the home sales in the metro Denver area fell in September. According to the monthly update from Denver Metro Association of Realtors (DMAR) this forced sellers to cut their asking prices ...
View MoreThe housing market is something that has kept many people shocked for the past couple years and with housing prices continuing to rise above levels that not many have seen in the past, it has many worries that we could be heading towards another housing bubble. There are many ways ...
View MoreIn a recent article published by Realtor Mag, it explains how home sellers in the second quarter of this year, 2017, sold their properties for an average of $51,000 more than they paid for them when they bought them. That being said it is the highest price gain for ...
View More