by Lum Hugh

Dreaming of a Luxury Home? Now's the Time! | Simplifying The MarketIf your house no longer fits your needs and you are planning on buying a luxury home, now is a great time to do so! Recently, the Institute for Luxury Home Marketing released its Luxury Market Report which showed that in today’s premium home market, buyers are in control. The inventory of homes for sale […]

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

by Lum Hugh

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Interest rates are projected to increase steadily heading into 2019.
  • The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
  • Rates are still low right now. Don’t wait until rates hit 5% to start searching for your dream home!

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

by Lum Hugh

Moving up Is MORE Affordable Now Than Almost Any Other Time in 40 Years | Simplifying The MarketIf you are considering selling your current home, to either move up to a larger home or into a home in an area that better suits your current family needs, great news was just revealed. Last week, Trulia posted a blog, Not Your Father’s Housing Market, which examined home affordability over the last 40+ years […]

Posted in For Buyers, For Sellers, Move-Up Buyers

by Lum Hugh

7 Factors to Consider When Choosing A Home to Retire In | Simplifying The MarketAs more and more baby boomers enter retirement age, the question of whether or not to sell their homes and move will become a hot topic. In today’s housing market climate, with low available inventory in the starter and trade-up home categories, it makes sense to evaluate your home’s ability to adapt to your needs […]

Posted in Baby Boomers, For Buyers, For Sellers, Move-Up Buyers

by Lum Hugh

You Can Save for a Down Payment Faster Than You Think! | 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 it would take to save for a down payment in each state. Using data from the United States […]

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

by Lum Hugh

4 Reasons Spring is a Great Time to Buy a Home! | Simplifying The MarketHere are four great reasons to consider buying a home today instead of waiting. Prices Will Continue to Rise CoreLogic’s latest Home Price Index reports that home prices have appreciated by 6.6% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.3% over the next year. The bottom […]

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

by Lum Hugh

The Mortgage Process: What You Need to Know [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Many buyers are purchasing a home with a down payment as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Take advantage of the knowledge of your local professionals who are there to help you determine how much you can afford.

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

by Lum Hugh

Mortgage Rates on FIRE! Home Prices Up in Smoke? | Simplifying The MarketMortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year. What impact will rising rates have on house values? Many quickly jump to the conclusion that an increase in mortgage rates will have a […]

Posted in First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing

by Lum Hugh

80% of Renters Believe Homeownership is a Part of Their American Dream | Simplifying The MarketAccording to the latest Aspiring Home Buyers Profile by the National Association of Realtors (NAR), 82% of surveyed renters desire to own a home in the future, with 80% believing homeownership is a big part of achieving their American Dream. The profile went on to state that 50% of millennials believe that their rent will […]

Posted in First Time Home Buyers, For Buyers, Millennials, Rent vs. Buy

by Lum Hugh

2 Ways to Get the Most Money from The Sale of Your Home | Simplifying The MarketEvery homeowner wants to make sure they maximize their financial reward when selling their home. But how do you guarantee that you receive the maximum value for your house? Here are two keys to ensure that you get the highest price possible. 1. Price it a LITTLE LOW  This may seem counterintuitive, but let’s look […]

Posted in For Sellers, FSBOs, Move-Up Buyers, Pricing, Selling Myths