First Time Home Buyers
242 articles published
- The Top 2 Reasons To Look at Newly Built HomesWhen planning a move, a newly built home might not be the first thing that comes to mind. But with more brand-new homes on the market and builders focusing on smaller, more affordable options, this type of home may just be the key to…
- Topic Question for Video Podcast “Real Estate with Mr. G” on 11/23/24.Ehuang from San Francisco is a first-time home buyer and is considering purchasing a home in the New Year, but will need some financial help. Is there any programs out there to help? #downpaymentassistance #downpaymentresource…
- Down Payment Assistance Programs IncreasingImportant update: the number of down payment assistance programs is on the rise. And these programs aren’t small-scale help either, the average benefit is roughly $17K. If you’re planning to buy a home, don’t leave money on the table.…
- Don’t Miss Out on the Growing Number of Down Payment Assistance ProgramsWith rising home prices and volatile mortgage rates, it’s important you know about every resource that could help make buying a home possible. And one thing you’ll want to be aware of is just how much the number of down payment assistance…
- More Homes, Slower Price Growth, What It Means for You as a BuyerThere are more homes on the market right now than there have been in years, and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why. You Have More Options To Choose From An article from Realtor.com…
- Renting vs. Buying: The Net Worth Gap You Need To SeeTrying to decide between renting or buying a home? One key factor that could help you choose is just how much homeownership can grow your net worth. Every three years, the Federal Reserve Board shares a report called the Survey of Consumer…
- How Do Presidential Elections Impact the Housing Market? [TOPIC QUESTION]Frederico from Allentown, PA wants to know how the Presidential Election affects the housing Market Maker. GREAT QUESTION! And we will discuss on 11/2/24 at 7 pm. #PresidentialElection #HomeSales2025 #Homebuyers2025 #MortgageRates2025…
- How Real Estate Agents Take the Fear Out of MovingFeeling a bit unsure, or even afraid, to move with everything going on right now? The decision to move shouldn’t be scary, it should be exciting. And the best way to eliminate any fear is to work with a pro. Real estate agents are so much…
- What To Expect from Mortgage Rates and Home Prices in 2025Curious about where the housing market is headed in 2025? The good news is that experts are offering some promising forecasts, especially when it comes to two key factors that directly affect your decisions: mortgage rates and home prices.…
- Why Buying Now Is Worth ItYou may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise. Experts forecast prices will climb over the next 5 years, and based on those forecasts, you could gain about $90k…
- Why a Condo Could Be Your Perfect First HomeIf you’re looking to break into homeownership but the price of single-family homes has you second-guessing, you might want to consider a condominium (condo) or townhome. These types of homes often come with a lower barrier to entry, and…
- This Is the Sweet Spot Homebuyers Have Been Waiting ForAfter months of sitting on the sidelines, many homebuyers who were priced out by high mortgage rates and affordability challenges finally have an opportunity to make their move. With rates trending down, today’s market is a sweet spot for…
- Buying Beats Renting in 22 Major U.S. CitiesThat’s right, according to a recent study from Zillow, in 22 of the 50 largest metro areas, monthly mortgage payments are now lower than rent payments (see chart below): As mortgage rates have eased off their recent peak, home prices have…
- Buy Now, or Wait?If you’re wondering if you should buy now or wait, here’s what you need to know. If you wait for rates to drop more, you’ll have to deal with more competition and higher prices as additional buyers jump back in. But if you buy now, you’d…
- The Down Payment Assistance You Didn’t Know AboutBelieve it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it. And if you’re hoping to buy a home, this is a mission-critical gap to close, fast (see graph below): Here’s what you…
- Lower Mortgage Rates Boost Your Buying PowerMortgage rates are trending down and that’s great news for your bottom line. As rates drop, your monthly payment on your next home does too. Even a small change in mortgage rates can have a big impact on your purchasing power. If you put…
- The Best Time To Buy a Home This YearA shift is underway in the housing market this season. And if you’ve been sitting on the sidelines waiting for the right moment to jump back into your homebuying search, this is a great time to do it. That’s because the best week to buy a…
- What To Know About Closing CostsNow that you’ve decided to buy a home and are ready to make it happen, it’s a good idea to plan ahead for the costs that are a typical part of the homebuying process. And while your down payment is probably the number one expense on your…
- What Mortgage Rate Are You Waiting For?You won’t find anyone who’s going to argue that mortgage rates have had a big impact on housing affordability over the past couple of years. But there is hope on the horizon. Rates have actually started to come down. And, recently they hit…
- How Mortgage Rate Changes Impact Your Homebuying PowerIf you’re thinking about buying or selling a home, you’ve probably got mortgage rates on your mind. That’s because you’ve likely heard that mortgage rates impact how much you can afford in your monthly mortgage payment, and you want to…
- 3 Reasons to Move in Today’s Shifting MarketThe housing market is in a transition. And that gives you 3 key opportunities going into the fall. There are more homes actively for sale. Builders are motivated to sell, so a newly built home may be more achievable than you think. And…
- What Credit Score Do You Really Need To Buy a House?When you’re thinking about buying a home, your credit score is one of the biggest pieces of the puzzle. Think of it like your financial report card that lenders look at when trying to figure out if you qualify, and which home loan will…
- Are There More Homes for Sale Where You Live?One of the biggest bright spots in today’s housing market is how much the supply of homes for sale has grown since the beginning of this year. Recent data from Realtor.com shows that nationally, there are 36.6% more homes actively for sale…
- A Newly Built Home May Actually Be More Budget-FriendlyIf you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact,…
- Unlocking Homebuyer Opportunities in 2024There’s no arguing this past year has been difficult for homebuyers. And if you’re someone who has started the process of searching for a home, maybe you put your search on hold because the challenges in today’s market felt like too much…
- How To Determine if You’re Ready To Buy a HomeIf you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re…
- Why Your Asking Price Matters Even More Right NowIf you’re thinking about selling your house, here’s something you really need to know. Even though it’s still a seller’s market today, you can’t pick just any price for your listing. While home prices are still appreciating in most areas,…
- Focus on Time in the Market, Not Timing the MarketShould you buy a home now or should you wait? That’s a big question on many people’s minds today. And while what timing is right for you will depend on a lot of other personal factors, here’s something you may not have considered. If…
- Topic Question for the 06-24-24 Video Podcast of “Real Estate with Mr. G”Chase from Newark, New Jersey is a first-time homebuyer and asks if there are any down payment assistance programs. #Grants #HomeGrants #DownPaymentAssistance #DownPaymentsAssistancePrograms #RealEstatewithMrG
- What You Need to Know About Today’s Down Payment Programs [VIDEO PREVIEW]On the 6/24/24 Video Podcast of “Real Estate with Mr. G”, we will discuss, What You Need to Know About Today’s Down Payment Programs.There’s no denying it’s gotten more challenging to buy a home, especially with today’s mortgage rates and…
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