J. Kent Erickson, Broker Associate
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Is Your First Home Within Your Grasp Now?

Posted by on Jul 28, 2016 in Uncategorized | 0 comments

Is Your First Home Within Your Grasp Now? There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family. Others may think they are too young. And still others might think their current income would never enable them to qualify for a mortgage. We want to share what the typical first-time homebuyer actually looks like based on the National Association of REALTORS most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first time buyer: Bottom Line You may not be much different than many people who have already purchased their first home. Let’s get together to see if your dream of homeownership can become a...

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5 Reasons Why Owning A Home Makes Sense Financially

Posted by on Jul 21, 2016 in Uncategorized | 0 comments

Harvard: 5 Reasons Why Owning A Home Makes Sense Financially We have reported many times that the American Dream of homeownership is alive and well. The personal reasons to own a home differ for each buyer, but there are many basic similarities. Eric Belsky is the Managing Director of the Joint Center of Housing Studies (JCHS) at Harvard University. He authored a paper on homeownership titled – The Dream Lives On: The Future of Homeownership in America. In his paper, Belsky reveals five financial reasons why people should consider buying a home. Here are the five reasons, each followed by an excerpt from the study:  1) Housing is typically the one leveraged investment available. “Few households are interested in borrowing money to buy stocks and bonds and few lenders are willing to lend them the money. As a result, homeownership allows households to amplify any appreciation on the value...

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Where is Housing Headed for the Rest of 2016?

Posted by on Jul 19, 2016 in Real Estate Market | 0 comments

With the overall economy just inching along, some experts are questioning whether the housing market can continue its momentum throughout the rest of the year. People are beginning to ask questions such as: Will disappointing economic news adversely impact housing? Is affordability a major concern in today’s real estate market? Are we approaching a new housing bubble? Are mortgage standards too tight? Or have they loosened too much? Freddie Mac, in their April Economic Outlook, addresses the disappointing economic news and what impact they think it will have on housing: “Recent data darkened the growth outlook for the first quarter of 2016. However, despite the disappointing economic reports, we still forecast housing to maintain its momentum in 2016. We’ve revised down our forecast for economic growth to reflect the recent data for the first quarter, but our outlook for the...

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