Affordability

Important Distinction: Homes Are Less Affordable, Not Unaffordable

dolanorourke
October 21, 2021

It’s impossible to research the subject of buying a home without coming across a headline declaring that the fall in home affordability is a crisis. However, when we add context to the most recent affordability statistics, we soon realize that, though homes are less affordable than they have been over the

What Do Past Years Tell Us About Today’s Real Estate Market?

dolanorourke
October 14, 2021

As you follow the news, you’re likely seeing headlines discussing what’s going on in today’s housing market. Chances are high that some of the more recent storylines you’ve come across mention terms like cooling or slowing when talking about where the market is headed. But what do these terms mean? The housing market today

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

dolanorourke
October 12, 2021

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the

Early October is the Sweet Spot for Buyers

dolanorourke
September 28, 2021

Are you looking to buy a home? If so, we’ve got good news for you. While there’s no denying the housing market is having a great year, many of the headlines are focused on the perks for sellers. But what about buyers today? As a buyer, you’re likely braving bidding wars and weighing low mortgage

Two Reasons Why Waiting a Year To Buy Could Cost You

dolanorourke
September 23, 2021

If you’re a renter with a desire to become a homeowner, or a homeowner who’s decided your current house no longer fits your needs, you may be hoping that waiting a year might mean better market conditions to purchase a home. To determine if you should buy now or wait,

Is a 20% Down Payment Really Necessary To Purchase a Home?

dolanorourke
September 22, 2021

There’s a common misconception that, as a homebuyer, you need to come up with 20% of the total sale price for your down payment. In fact, a recent survey by Lending Tree asks what is keeping consumers from purchasing a home. For over half of those surveyed, the ability to afford a down

What You Can Do Right Now To Prepare for Homeownership

dolanorourke
September 1, 2021

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in 2017. Our national rent

If Housing Affordability Is About the Money, Don’t Forget This.

dolanorourke
August 26, 2021

There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers

More Young People Are Buying Homes

dolanorourke
August 19, 2021

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains why millennials have put off certain milestones linked to homeownership. Those delays led

The Best Use of Time (and Money) When It Comes to Renovations

dolanorourke
August 12, 2021

In the current sellers’ market, many homeowners wonder what, if anything, needs to be remodeled before they list their house. That’s where a trusted real estate professional comes in. They can help you think through today’s market conditions and how they impact what you should – and shouldn’t – renovate