Archive for the ‘Buying a House’ Category

Expert Advice: 3 Benefits to Owning a Home

Posted on: November 20th, 2019 by , No Comments

Success is something often worth repeating, and Brent Sutherland, a Certified Financial Planner and Real Estate Investor, has certainly made his way in a momentum-driving direction. Here are 3 tips he shares from a recent piece in Business Insider on the benefits of owning real estate: 1. Real estate diversifies your income “While it is certainly important to be properly diversified with your investments, it is even more important to be diversified with your income.

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2 Myths Holding Back Home Buyers

Posted on: November 19th, 2019 by , No Comments

In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals, “Saving for a down payment is one of the biggest obstacles faced by first-time home buyers. Dispelling the 20 percent down payment myth could open the path to homeownership for many more.”

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The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

Posted on: November 15th, 2019 by , No Comments

Some Highlights: Historically, the choice between renting and buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (27.7%) vs. the percentage needed to buy a median-priced home (17.5%), the choice is clear. Every market is different. Before you renew your lease, find out if you can put your housing costs to work by buying a home this year. Contact us:PHP

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Buyer Demand Growing in Every Region

Posted on: November 13th, 2019 by , No Comments

Buyers are out in full force this fall, increasing the demand for homebuying in all four regions of the country. According to the latest ShowingTime Showing Index, “Home showing activity was up again nationwide with a 4.6 percent rise in traffic, as the traditionally slow fall season began with a marked boost in buyer interest.” Buyers clearly have the right idea, as mortgage rates have dropped over a full percentage point since the

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Homeownership Rate Remains on the Rise

Posted on: November 12th, 2019 by , No Comments

In the third quarter of 2019, the U.S. homeownership rate rose again, signaling another strong indicator of the current housing market. The U.S. Census Bureau announced, “The homeownership rate of 64.8 percent was not statistically different from the rate in the third quarter 2018 (64.4 percent), but was 0.7 percentage points higher than the rate in the second quarter 2019 (64.1 percent).” Today there is still a lack of inventory, particularly at the

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VA Home Loans by the Numbers [INFOGRAPHIC]

Posted on: November 9th, 2019 by , No Comments

Some Highlights: The Veterans Administration (VA) Home Loan is a benefit that is available to more than 22 million veterans and 2 million active duty service members to help them achieve the dream of homeownership. In 2018, $161 billion was loaned to veterans and their families through the program. In the same year, the average loan amount was $264,197 and 610,513 loans were guaranteed. Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary,

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Forget the Price of the Home. The Cost is What Matters.

Posted on: November 7th, 2019 by , No Comments

Home buying activity (demand) is up, and the number of available listings (supply) is down. When demand outpaces supply, prices appreciate. That’s why firms are beginning to increase their projections for home price appreciation going forward. As an example, CoreLogic increased their 12-month projection for home values from 4.5% to 5.6% over the last few months. The reacceleration of home values will cause some to again voice concerns about affordability. Just last

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Millennials: Here’s Why the Process is Well Worth It.

Posted on: November 7th, 2019 by , No Comments

Millennials have waited longer than any other generation to become homeowners, but the wait for this cohort is just about over. According to National Mortgage News, “Millennials, those young adults now aged 23 to 38, are now entering their peak household formation and homebuying years.” If you’re a Millennial, you’re already well aware that you’re among a generation of those who favor fast-paced, real-time answers – and results. When you’re ready to

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Planning on Buying a Home? Be Sure You Know Your Options.

Posted on: November 6th, 2019 by , No Comments

When you’re ready to buy, you’ll need to determine if you prefer the charm of an existing home or the look and feel of a newer build. With limited existing home inventory available today, especially in the starter and middle-level markets, many buyers are considering a new home that’s recently been constructed, or they’re building the home of their dreams. According to Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB), “The second

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Is it a Buyer’s or Seller’s Market?

Posted on: November 2nd, 2019 by , No Comments

With today’s advantages for buyers and sellers at different ends of the market, you need an expert on your side to help you navigate the ever-changing waters. Let’s connect and determine if you’re ready to make your next move. Contact us:PHP Houses142 W Lakeview AveUnit 1030Lake Mary, FL 32746Ph: (407) 519-0719Fax: (407) 205-1951email: info@phphouses.com Let’s Connect:FacebookLinkedinTwitterInstagram