Z House Realty Group

Millennials Flock to Low Down Payment Programs

Posted by Janice Ziesig on April 30, 2017 in  BUY  Buying  For Buyers  Millennials
A recent report released by Down Payment Resource shows that 65% of first-time homebuyers purchased their homes with a down payment of 6% or less in the month of January. The trend continued through all buyers with a mortgage, as 62% made a down payment of less than 20%, which is consistent with findings from December. An article by DS News points to the new wave of millennial homebuyers: “It seems that the long-awaited influx of millennial home buy... read more
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Careful…Don’t Get Caught in the Rental Trap!

Posted by Janice Ziesig on April 29, 2017 in  BUY  Buying  For Buyers  Rent
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  Jonathan Smoke, Chief Economist at realtor.com, reported on what he calls a “Rental Affordability Crisis.” He warns that, “Low rental vacancies and a lack of new rental construction are pushing up rents, and we expect that they&rsqu... read more
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The Importance of Using a Professional to Sell Your Home

Posted by Janice Ziesig on April 28, 2017 in  For Sellers  Sell
When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National As... read more
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Why Millennials Choose to Buy [INFOGRAPHIC]

Posted by Janice Ziesig on April 27, 2017 in  BUY  Buying  For Buyers  Millennials
Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” At 93%, the top reason Millennials choose to buy is to have control over their living space. Many Millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be abl... read more
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The 'REAL' News about Housing Affordability

Posted by Janice Ziesig on April 26, 2017 in  Real Estate Market Statistics
Some industry experts are claiming that the housing market may be headed for a slowdown as we proceed through 2017, based on rising home prices and a potential jump in mortgage interest rates. One of the data points they use is the Housing Affordability Index, as reported by the National Association of Realtors (NAR). Here is how NAR defines the index: “The Housing Affordability Index measures whether or not a typical family earns enough income to qualify for a mor... read more
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