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Blog

  • The Cost of Renting vs. Buying a Home
    The Cost of Renting vs. Buying a Home Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%), the choice becomes obvious.…
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  • Wage Increases Make Home Buying More Affordable
    Wage Increases Make Home Buying More Affordable Everyone knows that housing affordability has been negatively impacted by rising prices and increasing mortgage rates, but there is another piece to the affordability equation – wages. How much a family earns obviously impacts how easy or difficult it is for them to…
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  • Home Sellers in Q3 Netted $61K at Resale
    Home Sellers in Q3 Netted $61K at Resale According to a recent report by ATTOM Data Solutions, home sellers who sold their homes in the third quarter of 2018 benefited from rising home prices and netted an average of $61,232. This is the highest average price gain since the second quarter of 2007…
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  • Are Homeowners Renovating to Sell or to Stay?
    Are Homeowners Renovating to Sell or to Stay? Over the past few years, two trends have emerged in the housing market: Home renovations have shot up Inventory of homes available for sale on the market has dropped A ‘normal’ housing market is defined by having a 6-month supply of homes…
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  • How to Honor a Veteran Everyday
    How to Honor a Veteran Everyday One hundred years ago, on the eleventh hour of the eleventh day of the eleventh month, we marked the end of the “war to end all wars.” That day, which was to be observed annually on the eleventh day of the eleventh month, became known as…
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  • VA Home Loans by the Numbers
    VA Home Loans by the Numbers Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans & 2 million active duty service members which helps them achieve their dreams of homeownership. In 2017, $189 billion was loaned to veterans and…
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  • Why Has Housing Supply Increased as Sales Have Slowed Down?
    Why Has Housing Supply Increased as Sales Have Slowed Down? According to the latest Existing Home Sales Report from the National Association of Realtors (NAR), the inventory of homes for sale this year compared to last year has increased for the last four months, all while sales of existing homes have slowed compared to…
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  • 5 Tips When Buying a Newly Constructed Home
    5 Tips When Buying a Newly Constructed Home Newly constructed homes have become a better option for homebuyers due to the lack of existing inventory for sale.  When you buy a newly constructed home instead of an existing home, there are many extra steps that must take place. To ensure…
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  • 2 Myths Holding Back Home Buyers
    2 Myths Holding Back Home Buyers Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment…
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  • The Difference an Hour Will Make This Fall
    The Difference an Hour Will Make This Fall Every Hour in the US Housing Market:  596 Homes Sell 278 Homes Regain Positive Equity Median Home Values Go Up $1.20 Don't waste another minute deciding whether to buy or sell your property.  Contact Laurel Anderson today for a complimentary Market analysis…
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