by Troy Jones | Nov 25, 2024 | Equity, Foreclosures, Mortgage Rates
One major reason why we’re not heading toward a foreclosure crisis is the high level of equity homeowners have today. Unlike in the last housing bubble, where many homeowners owed more than their homes were worth, today’s homeowners have far more equity than...
by Troy Jones | Nov 15, 2024 | Equity, Infographics, Rent vs. Buy
Some HighlightsIf you’re torn between renting or buying, don’t forget to factor in the wealth-building power of homeownership.Unlike renters, homeowners gain equity as they pay their mortgage and as home values rise. That’s why, on average, a homeowner’s net worth is...
by Troy Jones | Oct 18, 2024 | Buying Tips, Equity, For Buyers, Forecasts, Infographics
Some HighlightsYou may be torn between buying a home now or waiting. But don’t forget to factor in the equity you’ll gain as prices rise.Experts forecast prices will climb over the next 5 years – and based on those forecasts, you could gain about $90k in equity in...
by Troy Jones | Oct 16, 2024 | Affordability, Equity, For Buyers, Home Prices, Mortgage Rates
Did you know? Homeowners are often able to put more money down when they buy their next home. That’s because, once they sell, they can use the equity they have in their current house toward their next down payment. And it’s why as home equity reaches a new height, the...
by Troy Jones | Oct 7, 2024 | Equity, For Sellers, Mortgage Rates
If you’ve been wanting to sell your house and move up to a bigger or nicer home, you’re not alone. A recent Inman survey reveals the top motivator for today’s homebuyers is the desire for more space or an upgraded home (see graph below):But there’s also a good chance...
by Troy Jones | Sep 25, 2024 | Buying Tips, Equity, First-Time Buyers, For Buyers, Home Prices
Should you buy a home now or should you wait? That’s a question a lot of people have these days. And while what’s right for you is going to depend on a lot of different factors, here’s something you’ll want to consider as you make your decision.As soon as you buy,...
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