by Lum Hugh

Your Tax Return: Bring it Home | Simplifying The MarketThis time of year, many people eagerly check their mailboxes looking for their tax return check from the IRS. But, what do most people plan to do with the money? GO Banking Rates recently surveyed Americans and asked the question – “What do you plan on doing with your tax refund?”

Posted in Down Payments, First Time Home Buyers, For Buyers

by Lum Hugh

Real Estate Mogul: Here’s Why You Should Buy | Simplifying The MarketReal Estate mogul, Sean Conlon, host of The Deed: Chicago on CNBC, was recently asked the question, should you buy? Or should you rent a house?

Posted in First Time Home Buyers, For Buyers

by Lum Hugh

3 Charts That Shout, ‘List Your Home Today!’ | Simplifying The MarketIn school, we all learned the theory of supply and demand. When the demand for an item is greater than the supply of that item, the price will surely rise.

Posted in For Sellers, Housing Market Updates

by Lum Hugh

How Fast Can You Save for a Down Payment? | Simplifying The MarketSaving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state?

Posted in Down Payments, First Time Home Buyers, For Buyers

by Lum Hugh

Some Highlights:Interest rates are still below historic numbers.88% of property managers raised their rent in the last 12 months!The credit score requirements for mortgage approval continue to fall.

Posted in Down Payments, First Time Home Buyers, For Buyers, Infographics, Interest Rates

by Lum Hugh

Tax Return Depressing? Owning a Home Could Help | Simplifying The MarketMany Americans got some depressing news last week; either their tax return was not as large as they had hoped or, in some cases, they were told they owed additional money to either the Federal or State government or both. One way to save on taxes is to own your own home.

Posted in First Time Home Buyers, For Buyers

by Lum Hugh

Measuring Your Ability to Achieve the American Dream | Simplifying The MarketForbes.com recently released the results of their new American Dream Index, in which they measure “the prosperity of the middle class, and…examine which states best support the American Dream.”

Posted in First Time Home Buyers, For Buyers, Move-Up Buyers

by Lum Hugh

US Housing Market Continues the Move into ‘Buy Territory’! | Simplifying The MarketAccording to the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market has continued to move deeper into buy territory, supporting the belief that housing markets across the country remain a sound investment.

Posted in First Time Home Buyers, For Buyers, Move-Up Buyers

by Lum Hugh

Thinking of Selling? Now Is the Time to Act | Simplifying The MarketIf you thought about selling your house this year, now may be the time to do it. The inventory of homes for sale is well below historic norms and buyer demand is skyrocketing. We were still in high school when we learned the concept of supply and demand: the best time to sell something is when supply of that item is low and demand for that item is high. That defines today’s real estate market.

Posted in For Sellers

by Lum Hugh

Some Highlights:

  • ‘Millennials’ are defined as 18-36 year olds according to the US Census Bureau.
  • According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 31 years old.
  • More and more ‘Old Millennials’ (25-36 year olds) are realizing that homeownership is within their reach now!

Posted in First Time Home Buyers, For Buyers, Infographics, Millennials, Move-Up Buyers