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If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? Here are some helpful tips you may get from a pro. 1. Explore Your Options for a Down Payment If a down payment is your #1 hurdle, you may have options to give your savings a boost. There are over 2,000 down payment assistance programs designed to make homeownership more achievable. And chances are you won’t need to put 20% down (unless specified by your loan type or lender). 2. Live with Loved Ones To Boost Your Savings Another thing a number of Gen Z buyers are doing is ditching... #firsttimehomebuyer #opportunity #realtorhanoverpa
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Having a hard time finding a home in your budget? Builders may have a solution that can help. Builders are shifting their attention to what buyers want most right now – smaller, more affordable homes. If you want to see what’s available locally and in other areas nearby, let’s connect and explore your options together. #firsttimehomebuyer #opportunity #realtorhanoverpa
Builders Are Building Smaller Homes [INFOGRAPHIC]
simplifyingthemarket.com
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Smaller Homes Are Coming to Market #homeowneship #realestatetips #affordability #realtorhanoverpa
Smaller Homes Are Coming to Market
simplifyingthemarket.com
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You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data. Economic Factors That Impact Mortgage Rates When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now. Basically, long story short, inflation and its impact on the broader economy are... #stayinformed #staycurrent #realtorhanoverpa
What Is Going on with Mortgage Rates?
simplifyingthemarket.com
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The number of homes for sale is playing a big role in today’s housing market. And, if you’re considering whether or not to list your house, today’s limited supply is one of the biggest advantages you have right now. That’s because your house stands out more when the inventory is low, especially if it’s priced right. But the supply of homes for sale is growing. As Realtor.com says: “. . . sellers turned out in higher numbers this March as newly listed homes were 15.5% above last year’s levels. This marked the fifth month of increasing listing activity after a 17-month streak of decline.” What This Means for... #realestatetipsoftheday #realtorhanoverpa
What More Listings Mean When You Sell Your House
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If you’ve been keeping up with the news lately, you’ve probably come across some articles saying the number of foreclosures in today’s housing market is going up. The reality is, while increasing, the data shows a foreclosure crisis is not where the market is headed. The Headlines Make the Increase Sound Dramatic – But It’s Not The increase the media is calling attention to is a little bit misleading. That’s because it’s comparing the most recent numbers to a time when foreclosures were at historic lows. And that lopsided comparison is making it sound like a much bigger deal than it actually is... #realestatenews #realestatemarket #realtorhanoverpa
Foreclosure Numbers Are Nothing Like the 2008 Crash
simplifyingthemarket.com
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