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In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a mortgage before starting your search.
According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July).
According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year.
Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence.
Having Trouble Saving Enough for Your Down Payment? Crowdfund It!
The Net Worth of a Homeowner is 44x Greater Than A Renter!
The Fall Guides Are Ready For Download & Customization!
5 Real Estate Reality TV Myths Explained
What Does the Recent Rash of Price Reductions Mean to the Real Estate Market?
Baby Boomers are Downsizing, Are You Ready to Move?
Pre-Approval: Your 1st Step in Buying a Home
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Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]
Dispelling the Myth About Home Affordability
New Home Sales Up 12.7% From Last Year
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