According to a new study from Urban Institute, there are over 19 million millennials in 31 cities who are not only ready and willing to become homeowners but are able to as well! If you fall into this category, the best news is you can buy a with a low down payment. Now that the largest generation since […]
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Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year and how they could affect Northern Colorado home values. Many believe that an increase in mortgage rates will cause a […]
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Saving 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 Census […]
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Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that mortgage 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 […]
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The United States is currently experiencing a housing shortage of epic proportions. The Joint Center of Housing Studies (JCHS) at Harvard University recently released their 2017 State of the Nation’s Housing Study, and a recent blog from JCHS revealed some of the more surprising aspects of the study. The first two revelations centered around the shortage of housing inventory currently available in both […]
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Be Thankful You Don’t Have to Pay Mom and Dad’s Mortgage Interest Rates It’s no secret mortgage interest rates vary from time to time, but we often forget to look at the bigger picture. Mortgage interest rates saw a huge peak in the 1980s and have generally had a downward trend since that time. Mortgage […]
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