Category: Buying Myths

    • Will Your Side Hustle Buy You a House This Year?

      The top concern for most first-time home buyers is their ability to save for a down payment. According to a new survey, 36% of millennials took on a second job to make their dreams of homeownership a reality in 2017.  Among millennials with incomes over $100,000 a year, the top ways to come up with […]
      Written by Denise Zervos
    • The Cost of Renting vs. Buying a Home [INFOGRAPHIC]

      Some Highlights: Historically, the choice between renting or buying a home has been a tough decision. Looking at the percentage of income needed to rent a median-priced home today (28.4%) vs. the percentage needed to buy a median-priced home (17.5%)...
      Written by Denise Zervos
    • 75% of Renters Have Been Misinformed

      Recently, multiple headlines have been written asserting that homeownership is less affordable today than at any other time in the last decade. Though the headlines are accurate, they lack context and lead too many Americans to believe that they can’t partake in a major part of the American Dream – owning a home. In 2008, […]
      Written by Denise Zervos
    • 2 Myths Holding Back Home Buyers

      Urban Institute recently released a report entitled, “Barriers to Accessing Homeownership: Down Payment, Credit, and Affordability,” which revealed that, “Consumers often think they need to put more money down to purchase a home than is actually required. In a 2017 survey, 68% of renters cited saving for a down payment as an obstacle to homeownership. Thirty-nine percent of renters […]
      Written by Denise Zervos
    • Buying a Home Can Be Scary… Until You Know the Facts [INFOGRAPHIC]

      Some Highlights:

      Many potential homebuyers believe that they need a 20% down payment and a 780 FICO® score to qualify to buy a home which stops many of them from even trying! Here are some facts:
      • 72% of buyers who purchased homes this year have put down less than 20%.
      • 4% of loan applications were approved last month.
      • The average credit score of approved loans was 727 in September.
      Written by Denise Zervos
    • Housing Is Still Affordable in the United States!

      Lately, there have been many headlines circulating about whether or not there is an “affordability issue forming in the housing market.” If you are considering selling your current house and moving up to the home of your dreams, but are unsure whether or not to believe what you’re seeing in the news, let’s look at […]
      Written by Denise Zervos
    • Will Home Prices Continue to Increase?

      There are many unsubstantiated theories about what is happening with home prices. From those who are worried that prices are falling (data shows this is untrue), to those who are concerned that prices are again approaching boom peaks because of “irrational exuberance” (this is also untrue as prices are not at peak levels when they are adjusted for inflation), there […]
      Written by Denise Zervos
    • Pre-Approval: Your 1st Step in Buying a Home

      In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream home is to get pre-qualified or pre-approved for a […]
      Written by Denise Zervos
    • Dispelling the Myth About Home Affordability

      We have all seen the headlines that report that buying a home is less affordable today than it was at any other time in the last ten years, and those headlines are accurate. But, have you ever wondered why the headlines don’t say the last 25 years, the last 20 years, or even the last […]
      Written by Denise Zervos
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