Posts Tagged ‘Homeownership’
Homeowner Net Worth Has Skyrocketed
Kevin Brierton – 11.7.2023 If you’re weighing your options to decide whether it makes more sense to rent or buy a home today, here’s one key data point that could help you feel more confident in making your decision. Every three years, the Federal Reserve Board releases the Survey of Consumer Finances (SCF). That report covers the difference in net worth…
Read MoreAffordable Homeownership Strategies for Gen Z
Kevin Brierton – 10.26.2023 The idea of owning a home has always been a big part of the American Dream. It’s a symbol of stability, independence, and having a place to truly call your own. But for Gen Z, the “Zoomers” born between 1997 and 2012, making that dream a reality can feel like quite…
Read MoreInvest in Yourself by Owning a Home
Kevin Brierton – 10.25.2023 Are you wondering if it makes sense to buy a home right now? While today’s mortgage rates might seem a bit intimidating, here are two compelling reasons why it still may be a good time to become a homeowner. Home Values Appreciate Over Time There’s been a lot of confusion around what’s happened with home prices…
Read MoreHow Buying a Multi-Generational Home Helps with Affordability Today
Kevin Brierton – 10.17.2023 In today’s world of rising housing costs, many buyers are looking for ways to still be able to buy a home. Some of them have found a solution in multi-generational living. Multi-generational living is when two or more adult generations live together under one roof. This includes siblings, parents, or even grandparents.…
Read MoreGrowing Your Net Worth with Homeownership
Kevin Brierton – 10.12.2023 Take a moment to imagine where you want to be in a few years. You might be thinking about your job, money, wanting more stability, or goals you want to reach soon. Is homeownership a part of that vision? If it is, you should know owning a home has a whole lot of…
Read MoreAre You a Homebuyer Worried About Climate Risks?
Kevin Brierton – 10.5.2023 The increasing effects of natural disasters are leading to new obstacles in residential real estate. As a recent article from CoreLogic explains: “As the specter of climate change looms large, the world braces for unprecedented challenges. In the world of real estate, one of those challenges will be the effects of natural catastrophes on…
Read MoreUnderstanding the Benefits of Owning Your First Home
Kevin Brierton – 10.4.2023 Are you considering buying your first home? If so, it can be helpful to know what led other people to make that decision. According to a recent survey of first-time homebuyers by PulteGroup: “When asked why they purchased their first home recently, the answer was simple: because they wanted to. Either the desire to stop renting…
Read MoreUnpacking the Long-Term Benefits of Homeownership
Kevin Brierton – 10.2.2023 If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now. While those market factors are important, there’s more to consider. You should think about the long-term benefits of homeownership too. Think about…
Read MoreThe Many Non-Financial Benefits of Homeownership
Kevin Brierton – 9.21.2023 Buying and owning your own home can have a big impact on your life. While there are financial reasons to become a homeowner, it’s essential to think about the non-financial benefits that make a home more than just a place to live. Here are some of the top non-financial reasons to buy a…
Read MoreShould Baby Boomers Buy or Rent After Selling Their Houses?
Kevin Brierton – 9.13.2023 Are you a baby boomer who’s lived in your current house for a long time and you’re ready for a change? If you’re thinking about selling your house, you have a lot to consider. Will you move to a different state or stay nearby? Is it time to downsize or do you want more…
Read MoreLook Beyond Rates: The Keys to Picking the Right Mortgage Lender
In an environment where mortgage rates are rising, many homebuyers decide that getting the lowest interest rate is the most important factor when choosing a mortgage lender. And while a competitive rate is important and should be considered when shopping for a home loan, focusing solely on the rate and ignoring other important parts of…
Read MoreMortgage Rates: Past, Present, and Possible Future
Kevin Brierton – 9.6.2023 If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates…
Read MoreGen Z: The Next Generation Is Making Moves in the Housing Market
Kevin Brierton – 8.28.2023 Generation Z (Gen Z) is eager to put down their own roots and achieve financial independence. As a result, they’re turning to homeownership. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), 30% of Gen Z buyers transitioned straight from living under their parents’ roofs to owning…
Read MoreMore Jobs and Better Pay Leads to More Buyer Demand
Kevin Brierton – 8.24.2023 There’s been talk about a recession for quite a while now. But the economy has been remarkably resilient. Why? One reason is employment and wages have stayed strong. Let’s look at the latest information on each one and why both are good news if you’re thinking about selling your house. More…
Read MoreWhy You Don’t Need To Fear the Return of Adjustable-Rate Mortgages
Kevin Brierton – 8.22.2023 If you remember the housing crash back in 2008, you may recall just how popular adjustable-rate mortgages (ARMs) were back then. And after years of being virtually nonexistent, more people are once again using ARMs when buying a home. Let’s break down why that’s happening and why this isn’t cause for…
Read MorePeople Want Less Expensive Homes – And Builders Are Responding
Kevin Brierton – 8.17.2023 In today’s housing market, there are two main affordability challenges impacting buyers: mortgage rates that are higher than they’ve been the past couple of years, and rising home prices caused by low inventory. To overcome those challenges, many people are working with their agents to find less expensive homes. And with newly built homes making up a…
Read MoreOwning Your Home Helps You Build Wealth
Kevin Brierton – 7.20.2023 You may have heard some people say it’s better to rent than buy a home right now. But, even today, there are lots of good reasons to become a homeowner. One of them is that owning a home is typically viewed as a good long-term investment that helps your net worth grow over time. Homeownership Builds Wealth Regardless of…
Read MoreAmericans Still View Homeownership as the American Dream
Kevin Brierton – 7.4.2023 Everyone’s interpretation of the American Dream is unique and personal. But, for many people, it’s tied to a sense of success, freedom, and prosperity. These are all things that owning a home can help provide. A recent survey from Bankrate asked respondents which achievements they feel most embody the American Dream.…
Read MoreLending Standards Are Not Like They Were Leading Up to the Crash
Kevin Brierton – 6.28.2023 You might be worried we’re heading for a housing crash, but there are many reasons why this housing market isn’t like the one we saw in 2008. One of which is how lending standards are different today. Here’s a look at the data to help prove it. Every month, the Mortgage…
Read MoreWhy Homeownership Wins in the Long Run
Kevin Brierton – 6.27.2023 Today’s higher mortgage rates, inflationary pressures, and concerns about a potential recession have some people questioning: should I still buy a home this year? While it’s true this year has unique challenges for homebuyers, it’s important to think about the long-term benefits of homeownership when making your decision. Consider this: if…
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