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A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC] Some Highlights The COVID-19 pandemic is causing an economic slowdown. The good news is, home values actually increased in 3 of the last 5 U.S. recessions and decreased by less than 2% in the 4th. All things considered, an economic slowdown does … [Read more...] about A Recession Does Not Equal a Housing Crisis

Economic Slowdown: What the Experts Are Saying More and more economists are predicting a recession is imminent as the result of the pullback in the economy caused by COVID-19. According to the National Bureau of Economic Research: “A recession is a significant decline in economic activity spread across the … [Read more...] about Economic Slowdown: What the Experts Are Saying

Is a Major Home Renovation Worth It in the Long Run? Last week, we shared “7 Factors To Consider When Choosing A Home To Retire In.” For some homeowners, these seven factors can be taken into account with a home renovation, but is it worth it to remodel or change floor plans? Let’s look at this example. Let’s … [Read more...] about Home Renovation Decisions

Are You Aware of How Much Equity You Have in Your Home? You May Be Surprised! CoreLogic’s latest Equity Report revealed that 675,000 US homeowners regained positive equity in their homes in 2017. This is great news for the country, as 95.1% of all mortgaged properties are now in a positive equity … [Read more...] about Home Equity

The Cost of Waiting: Interest Rates Edition [INFOGRAPHIC] Some Highlights: Interest rates are projected to increase steadily heading into 2019. The higher your interest rate, the more money you end up paying for your home and the higher your monthly payment will be. Rates are still low right now. … [Read more...] about The cost of waiting when Interest Rates rise

You Can Save for a Down Payment Faster Than You Think! Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long it would take to save for a down payment in each … [Read more...] about Saving for a home down payment

Home Prices: The Difference 5 Years Makes The economists at CoreLogic recently released a special report entitled, Evaluating the Housing Market Since the Great Recession. The goal of the report was to look at economic recovery since the Great Recession of December 2007 through June 2009. One of the key … [Read more...] about 5 Year Home Appreciation Rates

It's Tax Season... Use Your Refund to Jump Start Your Down Payment Savings! According to data released by the Internal Revenue Service (IRS), Americans can expect an estimated average refund of $2,840 this year when filing their taxes. This is down slightly from the average refund of $2,895, last year. Tax … [Read more...] about Use Tax Refund for Home Down Payment