Millennial Buyers Case Study
The Buyers
Dallas millennial first-time homebuyers are typically busy professionals without kids, they travel a lot and prefer low-maintenance homes that are move-in ready. Modern, trendy condos and townhomes that are close to their favorite ...
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Posted by Mani Raveendran on September 30, 2019 in Buying a Home
3 Essential Tips for Millennial First-Time Homebuyers in Dallas
If you’re tired of renting and ready to buy your first home, Dallas offers a variety of properties that meet the needs of busy millennials. You just need to be prepared to act fast once you find a home that you love and makes financial sense ...
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Posted by Mani Raveendran on September 23, 2019 in Buying a Home
What Buyers Need to Know About HOAs
When searching for a home, you may end up selecting a property in a community with a Homeowners Association (HOA). Before you buy, it’s important to know how an HOA works and what they mean for you.
According to a recent article ...
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Posted by Mani Raveendran on September 23, 2018 in Buying a Home
Why You Shouldn’t Put a Home Search on Hold in December
December is typically the slowest month in the housing market, but it can be a great month for home buyers who have been sidelined to finally make their move. This month may be busier than previous December’s for that reason, too, ...
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Posted by Mani Raveendran on September 19, 2018 in Buying a Home
Home Sales Expected to Continue Increasing in 2019
Freddie Mac, Fannie Mae, and the Mortgage Bankers Association are all projecting that home sales will increase nicely in 2019. Below is a chart depicting the projections of each entity for the remainder of 2018, as well as ...
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Posted by Mani Raveendran on September 7, 2018 in Buying a Home
Homebuyers Willing to Sacrifice ‘Must-Haves’ in Favor of Good School Districts
It should come as no surprise that buying a home in a good school district is important to homebuyers. According to a report from Realtor.com, 86% of 18-34 year-olds and 84% of those aged 35-54 indicated that their home search areas ...
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Posted by Mani Raveendran on September 5, 2018 in Buying a Home
The Enormous Divide Between the Headline and the Truth
“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s)
Even back in the mid-1800s, people ...
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Posted by Mani Raveendran on September 4, 2018 in Buying a Home
Should You Buy Now Or Wait Until Next Year
If buying a home is in your plan for this year, doing it sooner rather than later could save you thousands of dollars over the terms of your loan.
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Posted by Mani Raveendran on September 3, 2018 in Buying a Home
The Cost of Renting vs. Buying [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 (28.8%) vs. the percentage needed to buy a median-priced ...
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Posted by Mani Raveendran on August 27, 2018 in Buying a Home
Looking to Upgrade Your Current Home? Now’s the Time to Move-Up!
In every area of the country, homes that are priced at the top 25% of the price range for that area are considered to be Premium Homes. In today’s real estate market there are deals to be had at the higher end! This is great news for ...
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Posted by Mani Raveendran on August 20, 2018 in Buying a Home
The Wave of Millennial Homebuyers Continues to Swell
Many have written about the millennial generation and whether or not they, as a whole, believe in homeownership as a part of attaining their American Dream.
Comparatively speaking, millennials have taken longer to obtain traditional milestones ...
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Posted by Mani Raveendran on August 15, 2018 in Buying a Home
How Quickly Can You Save Your Down Payment?
Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in ...
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Posted by Mani Raveendran on July 31, 2018 in Buying a Home
Buying Remains Cheaper Than Renting
The latest Rent vs. Buy Report from Trulia shows that homeownership is still cheaper than renting in 98 of the 100 largest metro areas in the United States. If you are one of the many renters out there who would like to evaluate your ability to ...
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Posted by Mani Raveendran on July 31, 2018 in Buying a Home
The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC]
Some Highlights:
Interest rates are projected to increase steadily heading into 2019.
The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be.
Rates are still low right now – ...
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Posted by Mani Raveendran on July 16, 2018 in Buying a Home
5 Powerful Reasons to Own Instead of Rent
Owning a home has great financial benefits.
In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:
“Homeownership appears to help borrowers ...
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Posted by Mani Raveendran on July 15, 2018 in Buying a Home
The Benefits of a 20% Down Payment
If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you need to save 20% or you won’t be able to secure a ...
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Posted by Mani Raveendran on July 12, 2018 in Buying a Home
Top 3 Myths About Today’s Real Estate Market
There are many conflicting headlines when it comes to describing today’s real estate market. Some are making comparisons to the market we experienced 10 years ago and are starting to believe that we may be doomed to repeat ourselves. Others ...
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Posted by Mani Raveendran on June 30, 2018 in Buying a Home
Home Buying Myths Slayed [INFOGRAPHIC]
Some Highlights:
The average down payment for first-time homebuyers is only 6%!
Despite mortgage interest rates being over 4%, rates are still below historic numbers.
88% of property managers raised their rents in the last 12 months!
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Posted by Mani Raveendran on June 30, 2018 in Buying a Home
Why Home Ownership Matters Now More Than Ever
Why Home Ownership Matters Now More Than Ever
Study after study shows that no matter what generation Americans belong to, the vast majority believe that home ownership is an important part of their American Dream. The benefits of home ownership ...
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Posted by Mani Raveendran on June 13, 2018 in Buying a Home
The Cost of Renting vs Buying
Looking at the percentage of income needed to rent a median-priced home today (28.8%) vs. the percentage needed to buy a median-priced home (17.1%), the choice to buy is obvious.
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Posted by Mani Raveendran on June 11, 2018 in Buying a Home