Home Buyers

Knowing what to budget for when buying a home may feel intimidating — but it doesn’t have to be. By understanding the costs you may encounter upfront, you can take control of the process. Here are just a few things experts say you should be thinking about as you plan ahead.   Full article here:  What To Save for When Buying a Home (512) 853-0110...

Trying to decide whether it makes more sense to buy a home now or wait? There’s a lot to consider, from what’s happening in the market to your changing needs. But aiming to time the market isn’t a good strategy – there are too many factors at play for that to even be possible.   Full article here:  Time in the Housing Market Beats Timing the Market (512) 853-0110...

Mortgage rates are quickly approaching 7% again, after rising each of the first two weeks in January. Nationally, it means the household income now required to afford the typical starter home is $70,164, up more than 100% from just $32,357 in 2019, according to a new analysis from the Realtor.com® economic research team. Full article here: The Income Needed in Each State To Afford a Starter Home...

Though today’s housing market presents a challenge for many hopeful homeowners, a recent Realtor.com® survey reveals that owning a home is still a life goal for many Americans. Roughly two-thirds of Americans have the goal of owning a home and nearly as many (59%) feel that homeownership is achievable for them.  Notably, half of all respondents believe that homeownership is necessary to achieve...

Times are still tough for U.S. homebuyers. Long-term interest rates are rising again. That has pushed mortgage rates back above 7%. And it’s keeping housing affordability near the lowest level in decades. Yet home prices keep rising with no end in sight. You’d think this combination should be freezing housing activity. But it isn’t… Full article here: The Housing-Activity Bust Might Have...

It’s no secret that affordability is tough with where mortgage rates and home prices are right now. And that may have you worried about how you’ll be able to buy a home. But, if you don’t need a ton of space, you may find you have more cost-effective options in an unexpected place: new home communities. Full article here: Smaller Homes, Bigger Opportunities: The Homebuilder Trend Buyers...