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Homes Are Selling Quickly [INFOGRAPHIC]

ByDavid Dowd
October 18, 2019
Buyers & Sellers, Housing Market Updates

Some Highlights: The National Association of REALTORS® surveyed their members for the release of their Confidence Index.The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and

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3 Reasons This is NOT the 2008 Real Estate Market

ByDavid Dowd
October 17, 2019
Housing Market Updates

No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s

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3 Reasons to Use a Real Estate Pro in a Complex Digital World

ByDavid Dowd
October 16, 2019
Buyers, Housing Market Updates

If you’re searching for a home online, you’re not alone; lots of people are doing it. The question is, are you using all of your available resources, and are you using them wisely? Here’s why the Internet is a great place to start the home-buying

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Be on the Lookout for Gen Z: The Next Generation of Homebuyers

ByDavid Dowd
October 15, 2019
Housing Market Updates

You’ve likely heard a ton about Millennials, but what about Gen Z? In the next 5 years, this generation will be between the ages of 23 and 28, and they’re eager to become homeowners faster than you may think. According to realtor.com, “Nearly 80 percent of

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Existing-Home Sales Report Indicates Now Is a Great Time to Sell

ByDavid Dowd
October 14, 2019
Buyers & Sellers, Housing Market Updates

The best time to sell anything is when demand for that item is high and the supply of that item is limited. The latest Existing-Home Sales Report released by the National Association of Realtors (NAR), reveals that demand for housing continues to be strong, but the supply is struggling

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What You Need to Know About the Mortgage Process [INFOGRAPHIC]

ByDavid Dowd
October 11, 2019
Buyers

Some Highlights: Many buyers are purchasing homes with down payments as little as 3%.You may already qualify for a loan, even if you don’t have perfect credit.Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity

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You Need More Than a Guide. You Need a Sherpa.

ByDavid Dowd
October 10, 2019
Buyers & Sellers

In today’s world, hiring an agent who has a finger on the pulse of the market will make your buying or selling experience an educated one. In a normal housing market, whether you’re buying or selling a home, you need an experienced guide to help you

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Homeownership is the Top Contributor to Your Net Worth

ByDavid Dowd
October 9, 2019
Buyers, Housing Market Updates

Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. Recently, however, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest determinants of household

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What FICO® Score Do You Need to Qualify for a Mortgage?

ByDavid Dowd
October 8, 2019
Housing Market Updates

While a recent announcement from CNBC shares that the average national FICO® score has reached an all-time high of 706, the good news for potential buyers is that you don’t need a score that high to qualify for a mortgage. Let’s unpack the credit score

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62% of Buyers Are Wrong About Down Payment Needs

ByDavid Dowd
October 7, 2019
Buyers, Housing Market Updates

According to the ‘2019 Home Buyer Report’ conducted by Nerdwallet, many first-time buyers still believe they need a 20% down payment to buy a home in today’s market: “More than 6 in 10 (62%) Americans believe you must put at least 20% down in order to purchase a home.” When

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