a great way to increase your family’s net worth

a great way to increase your family’s net worth

Every three years, the Federal Reserve conducts its Survey of Consumer Finances. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

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5 real estate reality tv myths explained

5 real estate reality tv myths explained

Have you ever been flipping through the channels, only to find yourself binging on HGTV? We’ve all been there, watching entire seasons of real estate reality tv shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting.

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what experts are saying about current housing inventory

what experts are saying about current housing inventory

The current housing landscape presents greater home values, low-interest rates, and high buyer demand. All of these factors point to a strong market that is forecasted to continue throughout the rest of the year. There is, however, one thing that may cause the industry to tap the brakes: an overall lack of housing inventory. Buyer demand naturally increases during the summer months, but the current supply is not keeping up.

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what you need to know about private mortgage insurance (PMI)

what you need to know about private mortgage insurance (PMI)

Whether it is your first time or your fifth, it is always important to know all the facts when it comes to buying a home. With the large number of mortgage programs available that allow buyers to purchase homes with down payments below 20%, you can never have too much information about Private Mortgage Insurance (PMI).

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homeowners: now is a good time to sell your house

homeowners: now is a good time to sell your house

Every month, the National Association of Realtors (NAR) releases their Seller Traffic Index as a part of their Realtors Confidence Index. In the latest release, NAR reported that homeowners have been reluctant to sell their houses. This is reflected when broken down by state. Only 11 states have a stable level of seller traffic compared to the remainder of the country, which came in with a weak rating.

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