First Time Home Buyers | Brandon Lamar

What is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

by Brandon Lamar | Jan 18, 2019 | First Time Home Buyers, For Buyers, For Sellers, Infographics, Interest Rates, Millennials, Pricing

Some Highlights: The cost of waiting to buy is defined as the additional funds it would take to buy a home if prices & interest rates were to increase over a period of time. Freddie Mac predicts interest rates to rise to 5.1% by the end of 2019. CoreLogic...

Last Chance! Homes are a Bargain Compared to Historic Norms

by Brandon Lamar | Jan 17, 2019 | First Time Home Buyers, For Buyers, Pricing

A loaf of bread used to be a nickel. A movie ticket was a dime. Not anymore. Houses were also much less expensive than they are now. Inflation raised the price of all three of those items, along with the price of almost every other item we purchase. The reason we can...

Buying a Home Young is the Key to Building Wealth

by Brandon Lamar | Jan 15, 2019 | First Time Home Buyers, For Buyers, Millennials

Homeowners who purchase their homes before the age of 35 are better prepared for retirement at age 60, according to a new Urban Institute study. The organization surveyed adults who turned 60 or 61 between 2003 and 2015 for their data set. “Today’s older adults became...

Buying a House This Year? This Should Be Your 1st Step!

by Brandon Lamar | Jan 14, 2019 | Buying Myths, Featured, First Time Home Buyers, For Buyers

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show that you are serious about buying your...

The Cost Across Time [INFOGRAPHIC]

by Brandon Lamar | Jan 11, 2019 | First Time Home Buyers, For Buyers, Infographics, Interest Rates

Some Highlights: With interest rates still around 4.5%, now is a great time to look back at where rates have been over the last 40 years. Rates are projected to climb to 5.0% by this time next year according to Freddie Mac. The impact your interest rate makes on your...

Is the Recent Dip in Interest Rates Here to Stay?

by Brandon Lamar | Jan 9, 2019 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates

Interest rates for a 30-year fixed rate mortgage climbed consistently throughout 2018 until the middle of November. After that point, rates returned to levels that we saw in August to close out the year at 4.55%, according to Freddie Mac’s Primary Mortgage Market...