This might come as a surprise, but you don’t actually need to put down 20% on your home. In fact, for first-time homebuyers, the average down payment is just 8% — and it’s possible to put down even less. But how does the math shake out in your monthly mortgage payments? Full article here: The Math Behind Putting Down Less Than 20% (512) 853-0110 or robert@AustinTxHomeSales.com If...
Homebuyers who purchase newly built homes are typically saving about half a percentage point on their mortgage rate, likely due to incentives from homebuilders, new research has found. Last year, the average mortgage rate for buyers of new-construction homes was 6.1%, compared with an average of 6.6% for buyers of previously owned homes. Full article here: Mortgage Rates for New Homes Are Typically...
Although this spring hasn’t been a lively home-sales period nationally—sales remain near a 30-year low—“the latest mortgage application data is clearly showing some positive encouragement. Despite ongoing uncertainty surrounding the economy, home buyers seem to be taking advantage of loosening housing inventory in certain markets. Full article here: Home Buyer Demand Shows Signs of...
Many young people feel crushed when they think about their ability to buy a home, but it doesn’t mean they’re giving up on the dream. The average age of first-time home buyers rose to an all-time high of 38 last year. In a market where Baby Boomers have the upper hand and ability to pay in cash, the share of first-time home buyers sank to an all-time low of 24%. Full article here: Young people...
After years of historically-low housing supply, housing inventory is finally rising across much of the United States. This recent increase — largely driven by the construction boom during the COVID-19 years, when mortgage rates hovered at record lows — has led to modest improvement in affordability in several markets. Full article here: Housing Affordability and Supply (512) 853-0110...
Your home journey is unique. Our personalized tools and resources are tailored to fit your specific needs and can help you make informed decisions each step along the way. Prepare for homebuying and homeownership with these calculators and worksheets. Full article here: Calculators & Worksheets to Help Home Buyers (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to...
If you think you need to make a down payment of at least 20% to buy a home, you're not alone. In fact, a Freddie Mac survey found that nearly one-third of prospective homebuyers think the same. Contrary to popular belief, the typical homebuyer makes a down payment between 5% and 20% of the purchase price, and some mortgage programs make it possible to put down as little as 3%. Full article here: Do...
If one day you aspire to be a homeowner, keep your long-term goals in mind. The transition from renting to buying is a big step that requires patience and lots of planning. Here are three ways you can prepare to become a homeowner while renting. Full article here: Renting with the goal of buying (512) 853-0110 or robert@AustinTxHomeSales.com If you are unable to open the link/article...
The real estate market constantly shifts, and knowing whether conditions favor buyers or sellers can help you make smarter, more confident decisions. Here’s how to recognize which type of market you’re in and what each means for you. Full article here: Consumer Guide: Buyer's vs. Seller's Market (512) 853-0110 or robert@AustinTxHomeSales.comIf you are unable to open the link/article...
Saving for a down payment is one of the biggest barriers to buying a home, but it doesn’t have to be with a Home Possible® mortgage from Freddie Mac. Home Possible offers a low down payment solution, as well as other options and benefits, that may help you buy a home. Learn more about how the Home Possible mortgage could be your key to homeownership. Full article here: Unlock Homeownership with...
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