Z House Realty Group

Buying A Home Can Be SCARY... Until You Know The FACTS! [INFOGRAPHIC]

Posted by Janice Ziesig on October 20, 2015 in  Buying
Some Highlights: 36% of Americans think they need a 20% down payment to buy a home. 44% of Millennials who purchased a home this year have put down less than 10%. 71% of loan applications were approved last month The average credit score of approved loans was 723 in September (the lowest recorded score since Ellie Mae began tracking in August 2011). ... read more
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Hispanics & Housing: Demand Over The Next Decade

Posted by Janice Ziesig on December 09, 2015 in  BUY  Buying  Hispanic Market
The Mortgage Bankers’ Association (MBA) recently released a report:‘Housing Demand: Demographics And The Numbers Behind The Coming Multi-Million Increase In Households’. In this study, the MBA “utilized a comprehensive analysis of data from 1976 to 2014, a period encompassing several market and housing cycles, to provide a projection of much stronger housing demand over the next decade.” According to the report: “by 2024, demographic and eco... 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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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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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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