by Brandon Lamar | Dec 13, 2018 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates
Real estate is shifting to a more normal market; the days of national home appreciation topping 6% annually are over and inventories are increasing which is causing bidding wars to almost disappear. Some see these as signs that the market will soon come tumbling down...
by Brandon Lamar | Dec 12, 2018 | First Time Home Buyers, For Buyers, Rent vs. Buy
Every year around this time, we take time to reflect and plan for next year. If you are renting your current home but have dreams of homeownership, your plan for the new year may include buying, and you wouldn’t be alone! According to the 2018 Bank of America...
by Brandon Lamar | Dec 11, 2018 | First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers
Everyone should realize that unless you are living somewhere rent-free, you are paying a mortgage – either yours or your landlord’s. Buying your own home provides you with a form of ‘forced savings’ that allows you to use your monthly housing costs to increase your...
by Brandon Lamar | Dec 10, 2018 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers
National home prices have increased by 5.4% since this time last year. Over that same time period, interest rates have remained near historic lows which has allowed many buyers to enter the market and lock in low rates. As a seller, you will likely be most concerned...
![The Tale of Two Markets [INFOGRAPHIC]](https://lamarlending.com/wp-content/uploads/2018/12/20181207-Share-STM.jpg)
by Brandon Lamar | Dec 7, 2018 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Infographics, Move-Up Buyers
Some Highlights: An emerging trend for some time now has been the difference between available inventory and demand in the premium and luxury markets and that in the starter and trade-up markets and what those differences are doing to prices! Inventory continues to...
by Brandon Lamar | Dec 6, 2018 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers
Over the last six years, we have experienced strong price appreciation which has increased home equity levels dramatically. As the number of “cash-out” refinances begins to approach numbers last seen during the crash, some are afraid that we may be repeating last...
by Brandon Lamar | Dec 5, 2018 | First Time Home Buyers, For Buyers, Interest Rates, Move-Up Buyers
The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate, the greater the payment will be. That is why it is important to know where rates are headed when deciding to start your home search. Below is a chart...
by Brandon Lamar | Dec 4, 2018 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Rent vs. Buy, Senior Market
Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. Their latest survey data covers responses from 2013-2016. The study revealed that the median net worth of a homeowner...
![Home Prices Up 6.34% Across the Country! [INFOGRAPHIC]](https://lamarlending.com/wp-content/uploads/2018/11/20181130-Share-STM.jpg)
by Brandon Lamar | Nov 30, 2018 | First Time Home Buyers, For Buyers, For Sellers, Infographics, Move-Up Buyers, Pricing
Some Highlights: The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report. In the report, home prices are compared both regionally and by state. Based on the latest numbers, if you plan on relocating to another state,...
by Brandon Lamar | Nov 29, 2018 | For Buyers, For Sellers, Housing Market Updates
Home sales numbers are leveling off, the rate of price appreciation has slowed to more historically normal averages, and inventory is finally increasing. We are headed into a more normal housing market. However, some are seeing these adjustments as red flags and are...
