Category: Buying Myths

    • Two Big Myths in the Homebuying Process

      The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major part of the American Dream.” Unfortunately, the myths surrounding the […]
      Written by Annette Bohannon
    • How Your Tax Refund Can Move You Toward Homeownership This Year

      If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year. Based on data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,962 when filing […]
      Written by Annette Bohannon
    • The #1 Misconception in the Homebuying Process

      After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article:  “A year ago, a combination of a government shutdown, stock market slump and mortgage rate spike caused a long-anticipated inventory rise. That supposed boom turned […]
      Written by Annette Bohannon
    • How the Housing Market Benefits with Uncertainty in the World

      It’s hard to listen to today’s news without hearing about the uncertainty surrounding global markets, the spread of the coronavirus, and tensions in the Middle East, just to name a few. These concerns have caused some to question their investment plans going forward. As an example, in Vanguard’s Global Outlook for 2020, the fund explains, […]
      Written by Annette Bohannon
    • 2 Myths Holding Back Home Buyers

      In a recent article, First American shared how millennials are not really any different from previous generations when it comes to the goal of homeownership; it is still a huge part of their American Dream. The piece, however, also reveals,  “Saving for a down payment is one of the biggest obstacles faced by first-time home […]
      Written by Annette Bohannon
    • What FICO® Score Do You Need to Qualify for a Mortgage?

      It’s common knowledge that your FICO® score plays an important role in the homebuying process. However, many buyers have misconceptions regarding what exactly is required to get the loans they need. 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 […]
      Written by Annette Bohannon
    • 62% of Buyers Are Wrong About Down Payment Needs

      Contrary to common misconception, a down payment is often much less than many believe. 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 […]
      Written by Annette Bohannon
    • What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

      Some Highlights:

      • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
      • Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
      • CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
      • If you’re ready and willing to buy your dream home, now is a great time to buy.
      Written by Annette Bohannon

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