Category: First Time Home Buyers

    • Homeowner’s Net Worth Is Still Greater Than a Renter’s

      Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey, which includes data from 2010-2013, reports that a homeowner’s net worth is 36 times greater than that of a renter ($194,500 vs. $5,400).  The latest survey data, covering 2014-2016 will […]
      Written by Denise Zervos
    • Millennial Homeownership Rate Increases

      Recent headlines exclaimed the homeownership rate, as reported by the Census Bureau, rose again in the second quarter of 2017. What didn’t get much attention in the reports is that the homeownership rate for American households under the age of 35 increased a full percentage point from last quarter’s 34.3% to 35.3%. Millennials proved to […]
      Written by Denise Zervos
    • Be Careful Not to Get Caught in The Rental Trap!

      There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped  A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your […]
      Written by Denise Zervos
    • Americans Still Believe Real Estate is Best Long-Term Investment

      According to Bankrate’s latest Financial Security Index Poll, Americans who have money to set aside for the next 10 years would rather invest in real estate than any other type of investment. Bankrate asked Americans to answer the following question: “What is the best way to invest money you wouldn’t need for 10 years or […]
      Written by Denise Zervos
    • Singles Are Falling for Their Dream Home First [INFOGRAPHIC]

      Some Highlights:

      • According to NAR’s Profile of Home Buyers & Sellers, the share of recent homebuyers who were single at the time of purchase held steady at 24% last year.
      • The percentage of first-time buyers who were single females rose to 17% (up from 16%), as the share of single men dropped from 11% to 8%.
      • The primary reason for buying a home amongst singles was the desire to own a home of their own (38% for women and 37% for men).
      Written by Denise Zervos
    • 84% of Americans Believe Buying a Home is a Good Financial Decision

      According to the National Association of Realtors®’ 2017 National Housing Pulse Survey, 84% of Americans now believe that purchasing a home is a good financial decision. This is the highest percentage since 2007 – before the housing crisis. Those surveyed pointed out five major reasons why they believe homeownership is a good financial decision: Homeownership […]
      Written by Denise Zervos
    • 3 Tips to Succeed in Today’s Real Estate Market

      In today’s highly competitive real estate market, where inventory levels are not keeping up with the constant stream of buyer demand, there are steps you can take to ensure you are most prepared for success when buying a home. The 3 tips we are going to expand on today come from a recent blog by […]
      Written by Denise Zervos
    • 3 Questions to Ask Before You Buy Your Dream Home

      If you are debating purchasing a home right now, you are probably getting a lot of advice. Though your friends and family will have your best interests at heart, they may not be fully aware of your needs and what is currently happening in the real estate market. Ask yourself the following 3 questions to […]
      Written by Denise Zervos
    • Home Buying Myths Slayed [INFOGRAPHIC]

      Some Highlights: Interest rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! The credit score requirements for mortgage approval continue to fall.
      Written by Denise Zervos

    About our blog

    Our agents write often to give you the latest insights on owning a home or property in the Greater Charlotte area.