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Are You a Millennial Looking for Your Own Home? Here’s What You Need to Know

Are You a Millennial Looking for Your Own Home? Here’s What You Need to Know

Homebuying for millennials today can be tricky. They have to deal with a shortage of supply, rising mortgage prices, and other problems concerning homeownership.   If you're one of these people, you might be doubting if it's really a good time to buy a house. According to the National Association of Realtors or the NAR, … Continue reading Are You a Millennial Looking for Your Own Home? Here’s What You Need to Know

Rebuilding Costs: Rethinking How Much Homeowners Insurance You Really Need

Rebuilding Costs: Rethinking How Much Homeowners Insurance You Really Need

Buying a home comes with numerous financial planning obligations. It’s far from a turn-key operation and one of the significant challenges involves developing a working knowledge about things often outside your area of expertise. For example, working as an educator, police officer, investment banker or office staffer does not necessarily make you an expert about … Continue reading Rebuilding Costs: Rethinking How Much Homeowners Insurance You Really Need

Pros and Cons of Downsizing After Retirement

Pros and Cons of Downsizing After Retirement

With Baby Boomers already rolling into retirement and Gen X looking forward to shrugging off the stress of the 40-hour work week, downsizing could be a strategic move. For many Americans, homeownership remains their single largest investment and the monthly mortgage payment their highest bill. Lowering or nixing that cost altogether can free up a … Continue reading Pros and Cons of Downsizing After Retirement

Factors Affecting Housing Price Affordability

Factors Affecting Housing Price Affordability

Every time the property market is discussed on the news, we learn about purchasers' difficulties with affordability. Those headlines emphasize the increase in mortgage rates over the course of this year. And although rates have indeed increased significantly, it's vital to keep in mind that there are other aspects of affordability to consider.    Property … Continue reading Factors Affecting Housing Price Affordability