Being a first-time home buyer is exciting! But I know it can also feel overwhelming-especially when you see homes being purchased at a median of $250,000 and available homes flying off the market in just three weeks. 1. With real estate trends like those, you might be tempted to make an impulsive purchase that could hurt your financial goals and keep you paying a mortgage well into retirement.
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A new report by Genworth Mortgage Insurance had some big findings about first-time home buyers: They bought over 2 million new or resale homes in 2017. That’s a 7 percent increase over 2016.
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9 questions you might have as a first-time, Phoenix-area homebuyer. Buying a home can be a daunting experience. Many first-time home buyers don’t have a reliable roadmap to follow.
Zillow has 3,611 homes for sale. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place.
But finally, he was able to purchase land in suburban San Carlos, design a 2,200-square-foot home, and then have it built. The key to making it all work financially: installing an attached 800-square-foot, two-bedroom, two-bath unit where he and his wife have lived since 2015 while renting out the main house to pay off the mortgage. READ ON:
That trend could continue to push the cost of buying a home further upward. As recently as 2010, a nearly 12-month supply of homes for sale was available. The lack of inventory is even more striking.
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The spring home-buying season is in full swing, and many potential buyers are discouraged by what’s available within their budget. Low inventory has driven prices higher, making it more challenging to.
The Freedom Mortgage Difference. When looking for a mortgage, it’s important to find a company that specializes in mortgages above all else, and to find a lender that can address your unique home buying or refinancing needs regardless of how unique your circumstances may be.