Homebuyers spend an average $40,000 in one-time fees

The one-time fees of moving into a new home could set you back roughly $40,000, according to a new study from RealEstate.com — a Zillow Group company — and Thumbtack. It’s a cost that comes as a shock to many first-time homebuyers, the companies say.

How millennials can achieve their homeownership dreams in 4 steps

We’ve all heard the advice that if millennials would just give up their avocado toast they’d have enough money to buy a home. The fact is they are grappling with much more significant financial barriers.

Challenged by a Down Payment? The Easiest Markets to Save For

One of the biggest challenges for first-time homebuyers is saving. Coming up with a down payment is a hurdle for the majority of millennials, shows study after study—but, there are areas where the average earnings are enough to save sufficiently, according to an analysis recently released by RealEstate.com. The easiest market? Chicago, where the average […]

The post Challenged by a Down Payment? The Easiest Markets to Save For appeared first on RISMedia.

6 facts you should know about VA loans

If you’re not already familiar with what VA loans are, who can utilize them and how they can help your business, read on — we’ve got a lesson for you.

Buyers Have High Hopes for Spring

Getting Equipped to Win Buyers are flocking to the market this spring, with high hopes even as they face a frenzy of multiple-offer situations, according to new realtor.com® research. Currently, inventory is down 8.5 percent year-over-year. In addition to the buyers out in droves for the first time, many have been on the hunt for […]

The post Buyers Have High Hopes for Spring appeared first on RISMedia.

Bankruptcy Clarification Could Give Home-Buying Millennials Options

Student loan debt is one of the major home-buying challenges for the millennial generation. According to a survey by the National Association of REALTORS® (NAR), 83 percent of surveyed millennials said they are delaying their home-buying plans by a median of seven years in direct correlation to their student loan debt. In today’s financial landscape—even […]

The post Bankruptcy Clarification Could Give Home-Buying Millennials Options appeared first on RISMedia.

Why 2018 is the best year ever for a low down payment mortgage

This year may just be the best in history for first-time homebuyers to use a low down payment mortgage to leap from renting to owning.  …

3 ways the stock market can affect real estate

On Monday, Feb. 5, Dow Jones dropped nearly 1,200 points, marking the worst plummet the stock has ever experienced in a single day …

Buyers Entering the Market Solo Struggle

Accumulating a down payment is a struggle—and even more so for singles, according to a new report. Singles are facing more than 10 years of saving, assuming they make a 20 percent down payment on a median-priced property, an analysis by Zillow reveals. Conversely, couples can do it in half the time: 4.6 years. In […]

The post Buyers Entering the Market Solo Struggle appeared first on RISMedia.

5 ways savvy homeowners can take advantage of home equity

A home equity line of credit, better known as a HELOC, can be an excellent avenue for helping clients achieve their dreams. But it’s essential that they be smart about how they use them …