Z House Realty Group

2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter

Posted by Janice Ziesig on December 30, 2015 in  Buy  Buying  Wealth Building
2016: Homeowner’s Net Worth Will Be 45x Greater Than a Renter Every three years the Federal Reserve conducts a 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). In a recent Forbes article the National Association of Realtors’ (NAR) Chief Econ... read more
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The most recent Housing Pulse Survey released by the National Association of Realtors revealed that the two major reasons Americans prefer owning their own home instead of renting are: They want the opportunity to build equity. They want a stable and safe environment. Building Equity In a recent article, John Taylor, CEO of the National Community Reinvestment Coalition, explained that those who lack the opportunity to become homeowners have a weakened ability to reinv... read more
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Here Come the Millennials!!

Posted by Janice Ziesig on December 20, 2015 in  Buy  Millennials
Here Come the Millennials!! Many have been wondering when the much anticipated move by Millennials’ into homeownership would actually take place. We know the belief in owning a home is there. According to a recent Merrill Lynch study, eighty one percent of Millennials believe “homeownership is an important part of the American Dream”. This compares favorably to previous generations. The obstacle seemed to be employment. It appears that is about to change. The most rec... read more
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The interest rate you pay on your home mortgage has a direct impact on your monthly payment. The higher the rate the greater the payment will be. That is why it is important to look at where rates are headed when deciding to buy now or wait until next year. Below is a chart created using Freddie Mac’s October 2015 U.S. Economic & Housing Marketing Outlook. As you can see interest rates are projected to increase steadily over the course of the next 12 months. How Will This Impact Your... read more
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Applying For A Mortgage: Why So Much Paperwork?

Posted by Janice Ziesig on December 16, 2015 in  Buy  Mortgage  Mortgage Loan
We are often asked why there is so much paperwork mandated by the bank for a mortgage loan application when buying a home today. It seems that the bank needs to know everything about us and requires three separate sources to validate each and every entry on the application form. Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago. There are two very good reasons that the loan process is ... read more
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