Did you know that 1 in 6 Americans currently live in a multigenerational household? According to Generations United, the number of multigenerational households rose from 42.4 million in 2000 to 64 million in 2016. The 2018 Profile of Home Buyers and Sellers from the National Association of Realtors shows that 12% of all buyers have […]
Category Archives: Investment
Homeownership: A Top Contributor to Net Worth
Many people plan to build their net worth by buying CDs or stocks, or just having a savings account. But, homeownership is one of the largest contributing factors to your net worth. Recently, Economist Jonathan Eggleston and Survey Statistician Donald Hays, both of the U.S. Census Bureau, shared the biggest determinants of wealth, “The biggest […]
4 Tips to Save on Your Energy Bill
As a homeowner, it’s important to keep your home running efficiently, not only to save money, but also to help the environment thrive. October 2nd is Energy Efficiency Day, a perfect time to think about making some key upgrades that will improve the efficiency of your home. If you’re looking to sell your house and […]
One of the Best Reasons to Own a Home
One of the benefits of homeownership is that it is a “forced savings plan.” Here’s how it works: You make a mortgage payment each month. Part of that payment is applied to the principal balance of your mortgage. Each month you owe less on the home. The difference between the value of the home and […]
Don’t Be Afraid to Buy a Home Again!
According to CoreLogic, from 2006 to 2014 “there were 7.3 million housing foreclosures and 1.9 million short sales.” The hesitation some American buyers feel after experiencing a foreclosure brings to mind the old saying: “Fool me once- shame on you. Fool me twice- shame on me.” According to the 2019 Home Buyer Report from NerdWallet, […]
10 Winter Home Improvements That Are Worth The Investment
It’s finally cooled down across North Carolina; especially, with the Triangle region dropping to the low 40s in a matter of a couple days after months of warm summer nights lingering on. Though, it’s only mid-November, and the far colder months are still to come. So today, we want to share with you some relatively […]
Are Lending Standards Propping Up Home Prices?
How do the current lending standards compare to just a couple years ago, or the housing crises in the early 2000’s? Are they a factor behind the current market’s prices? Back in 2005, Federal Reserve Chairman Alan Greenspan described the dramatic increases in residential real estate values as a “froth in housing markets.” Greenspan went […]
The Current State of Lending Standards
With home values appreciating at record rates, some are concerned with lending standards or that we may be heading for another housing bubble like the one we experienced a decade ago. One of the major culprits of that housing boom and bust was the loosening of standards for mortgage credit. In a study done at […]