Buying a home can be SCARY…Until you know the FACTS
Some Highlights:
Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:
- 71% of buyers who purchased homes have put down less than 20%.
- 78.1% of loan applications were approved last month.
- In September, the average credit score for approved loans was 737.
Act Now: Prep for Spring Home Buying
Winter is slow, but 2025 will see more sellers returning, possibly leading to a more balanced market. Buyers should start credit repair now, as spring sees the biggest jump in available homes from February to March.
When’s the Best Time of Year to Sell Your Home?
Spring and Early Summer Are Ideal: These seasons often see increased buyer activity and higher sale pricesLocal Market Variations Matter: Optimal selling times can differ based on regional demand and climate.
Is your homeowners association overstepping? Here are 6 unenforceable HOA rules — and how to protect your rights
An estimated 30% of the U.S. population lives in homeowners associations (HOAs), which can impose rules that may be overly restrictive. However, certain rules are unenforceable, including those that violate state and federal laws, infringe on political speech,...
Key Benefits of Health Insurance in the U.S.
Health insurance covers essential medical expenses like doctor visits, hospital stays, and preventive care. It protects you from high out-of-pocket costs during unexpected medical emergencies.
Guide to downsizing for retirees’s
Single Level Living is the best choice for Retiree's Retirement marks a significant transition in life, often prompting reevaluation of one's living situation and possessions. Downsizing can offer a simplified, more manageable lifestyle that aligns with the needs of...
Median Home Prices February 2025
February 2025 Stats
Plans to Build 3 Million New Houses
Selling and leasing a small portion of federal land could lead to the construction of over three million houses in Western states, according to a right-leaning think tank. The Bureau of Land Management holds 267,000 square miles, and selling just 850 miles could...
How to Avoid Capital Gains Taxes on Investment Properties
Capital gains on investment properties must be reported in the year of sale unless deferred. Use IRS Code Section 1031 to defer capital gains taxes by exchanging for a similar property.
Balanced Market Ahead: Median Price Approaches $411K
Home prices are expected to increase modestly in 2025, with a forecasted median of $410,700. Inventory will rise slightly, creating a balanced market with more opportunities for buyers in 2025.
