Starting the Search for Your Dream Home? Here Are 5 Tips! | Charlotte Real State

In today’s real estate market, low inventory dominates the conversation in many areas of the country. It can often be frustrating to be a first-time homebuyer if you aren’t prepared.

In a Find Real Estate, Homes for Sale, Apartments & Houses for Rent | realtor.com® article entitled, “How to Find Your Dream Home—Without Losing Your Mind,” the author highlights some steps that first-time homebuyers can take to help carry their excitement of buying a home throughout the whole process.

1. Get Pre-Approved for a Mortgage Before You Start Your Search

2. Know the Difference Between Your ‘Must-Haves’ and ‘Would-Like-To-Haves’

3. Research and Choose a Neighborhood You Want to Live In

4. Pick a House Style You Love and Stick to It

5. Document Your Home Visits

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New Research Shows Housing Is Affordable For First-Time Buyers | First Time Home Buyer in Madison Park

Home prices have been on the rise for the last seven years, leading many housing market analysts to conclude that first-time homebuyers are being shut out of the market due to affordability concerns.

The National Association of Realtors (NAR) reports on the percentage of First-Time Home Buyers (FTHB) on a monthly and yearly basis. Their latest report shows that FTHB’s made up 33% of buyers in March, which matches their reported share in 2018.

NAR uses survey data from their members to come up with this statistic, so their results do not include every transaction completed. Rather, they only the transactions reported by members who complete the survey.

The other entity that reports on FTHB share is the American Enterprise Institute (AEI). The AEI uses data from mortgage applications that define an FTHB as “any borrower who did not have a mortgage for the preceding three years.”

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Vantage Realty Professionals | Are Low Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week!

This is great news for anyone who is planning on buying a home this spring! Freddie Mac had this to say,

Mortgage interest rates have been steadily declining since the start of 2019. These lower mortgage interest rates combined with a strong labor market should attract prospective homebuyers this spring and could help the housing sector regain its momentum later in the year.

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Looking to Upgrade Your Current Home? Now’s the Time to Move-Up! | Vantage Realty

In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes.

In today’s real estate market there are deals to be had at the higher end! This is great news for homeowners who want to upgrade from their current house and move-up to a premium home.

Much of the demand for housing over the past couple years has come from first-time buyers looking for their starter home, which means that many of the more expensive homes that have been listed for sale have not seen as much interest.

A Buyer’s Market indicates that buyers have greater control over the price point. This market type is demonstrated by a substantial number of homes on the market and few sales, suggesting demand for residential properties is slow for that market and/or price point.”

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Baby Boomers are Downsizing, It is safe to say that you are Ready to Move?

For some time presently gen X-ers have been rebuked for a segment of the lodging business sector’s present absence of lodging stock, however would it be advisable for them to truly be getting the fault?

This is what a portion of the specialists need to state regarding the matter:

Aaron Terrazas, Senior Economist at Zillow, says that “Boomers are more beneficial and working longer than past ages, which implies they aren’t yet prepared to offer their homes.”

As per an investigation by Find Real Estate, Homes for Sale, Apartments & Houses for Rent, 85% of people born after WW2 demonstrated they were not wanting to offer their homes.

The facts confirm that people born after WW2 are more advantageous and are in this way working and living longer, yet would they say they are additionally declining to offer their homes?

A month ago, Trulia took a gander at the lodging circumstance of seniors (matured 65+) today contrasted with that of 10 years prior. Trulia’s investigation uncovered that:

“Despite the fact that seniors have all the earmarks of being deferring cutting back until some other time throughout everyday life, as a gathering, families 65 and over are as yet scaling down at generally indistinguishable rate from in years past.”

Trulia additionally clarifies that,

“5.5% of families 65 and over moved, pretty equitably split between moves to single family (2.7%) and multifamily (2.4%) homes. In 2005, these rates were practically the equivalent, with 5.5% of senior families moving, including 2.5% into single family and 2.5% into multifamily homes.”

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