Is Your First Home Now Within Your Grasp? [INFOGRAPHIC]

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Is Your First Home Now Within Your Grasp? [INFOGRAPHIC] | Simplifying the Market

Some Highlights:

  • According to the US Census Bureau, “millennials” are defined as 18-36-year-olds.
  • According to NAR’s latest Profile of Home Buyers and Sellers, the median age of all first-time home buyers is 32.
  • More and more “old millennials” (25-36) are realizing that homeownership is within their grasp now!

Now’s the Time to Move-Up and Upgrade Your Current Home!

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Now’s the Time to Move-Up and Upgrade Your Current Home! | Simplifying The MarketHomes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news for homeowners wanting to upgrade from their current house. Much of the demand for housing […]

Is Mortgage Debt out of Control?

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Is Mortgage Debt out of Control? | Simplifying The MarketThe housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves in a negative equity situation (where their mortgage was higher than the value of their […]

Millennials Are Increasing the Demand for Condominiums

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Millennials Are Increasing the Demand for Condominiums | Simplifying The MarketWhen deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying a condominium! According to CoreLogic, “Last year about 43% of all condo home-purchase mortgage applications […]

2 Myths Holding Back Home Buyers

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2 Myths Holding Back Home Buyers | Simplifying The MarketFreddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning to purchase a home is their perception of how much they will need to save […]

The Benefits of a 20% Down Payment

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The Benefits of a 20% Down Payment | Simplifying The MarketIf you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a mortgage. The truth […]

The Enormous Divide Between the Headline and the Truth

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The Enormous Divide Between the Headline and the Truth | Simplifying The Market“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s) Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of […]

The Enormous Divide Between the Headline and the Truth

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The Enormous Divide Between the Headline and the Truth | Simplifying The Market“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s) Even back in the mid-1800s, people knew that negative news sells. That is still true today. All forms of […]

How to Get a Better Perspective on Affordability

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How to Get a Better Perspective on Affordability | Simplifying The MarketHeadlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was […]