Feb 13, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
Before you buy a home, it’s important to
plan ahead. While most buyers consider how much they need to save for a
down payment, many are surprised by the closing costs they have to pay. To ensure you aren’t caught off guard when it’s time to close on your home, you need to understand
what closing costs are and how much you should budget for.
Feb 7, 2023 | Demographics, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers
As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts.
Feb 3, 2023 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers
Some Highlights
- Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase.
- And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%.
Feb 2, 2023 | For Buyers, For Sellers, Housing Market Updates
The housing market has gone through a lot of change recently, and much of that was a result of how quickly
mortgage rates rose last year.
Jan 27, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Infographics, Move-Up Buyers, Pricing
Some Highlights
- If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership.
- On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term.
![You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]](https://files.keepingcurrentmatters.com/wp-content/uploads/2023/02/01165833/You-May-Not-Need-As-Much-As-You-Think-For-Your-Down-Payment-KCM-Share.png)
![Homeownership Builds Your Wealth over Time [INFOGRAPHIC]](https://files.keepingcurrentmatters.com/wp-content/uploads/2023/01/26131727/Homeownership-Builds-Your-Wealth-In-The-Over-Time-KCM-Share.png)