Buying Myths Archives - Page 13 of 14 - The Monica Foster Team

Is Your First Home Now Within Your Grasp?

July 12, 2019 - General Information

Some Highlights: According to the US Census Bureau, “millennials” are defined as 18-36-year-olds. According to NAR’s latest Profile of Home Buyers & Sellers, the median age of all first-time home buyers is 32. More and more “old millennials” (25-36) are [...] Read More

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Monica Foster July 12, 2019

Now’s the Time to Move-Up and Upgrade Your Current Home!

July 8, 2019 - General Information

Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end! This is great news [...] Read More

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Monica Foster July 8, 2019

Is Mortgage Debt out of Control?

July 3, 2019 - General Information

The housing crisis of the last decade was partially caused by unhealthy levels of mortgage debt. Homeowners were using their homes as ATMs by refinancing and swapping their equity for cash. When prices started to fall, many homeowners found themselves [...] Read More

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Monica Foster July 3, 2019

Millennials Are Increasing the Demand for Condominiums

July 2, 2019 - General Information

When deciding to buy a home, people are presented with many different options. The type of home you buy depends on your needs, budget, and in many cases, the desired maintenance level. For many millennials, their choice has been buying [...] Read More

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Monica Foster July 2, 2019

2 Myths Holding Back Home Buyers

June 10, 2019 - General Information

Freddie Mac recently released a report entitled, “Perceptions of Down Payment Consumer Research.” Their research revealed that, “For many prospective homebuyers, saving for a down payment is the largest barrier to achieving the goal of homeownership. Part of the challenge for those planning [...] Read More

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Monica Foster June 10, 2019

The Benefits of a 20% Down Payment

May 8, 2019 - General Information

If you are in the market to buy a home this year, you may be confused about how much money you need to come up with for your down payment. Many people you talk to will tell you that you [...] Read More

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Monica Foster May 8, 2019

Slaying the Largest Homebuying Myths Today

April 12, 2019 - General Information

Some Highlights: The average down payment for first-time homebuyers is only 6%! Mortgage interest rates have been on the decline since November! Hop in now to lock in a low rate! 88% of property managers raised their rents in the [...] Read More

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Monica Foster April 12, 2019

The Enormous Divide Between the Headline and the Truth

March 26, 2019 - General Information

“I have observed that not the man who hopes when others despair, but the man who despairs when others hope, is admired by a large class of persons as a sage.” – John Stuart Mill (1840s) Even back in the [...] Read More

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Monica Foster March 26, 2019

How to Get a Better Perspective on Affordability

February 7, 2019 - General Information

Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one [...] Read More

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Monica Foster February 7, 2019

One More Time… You Do Not Need 20% Down to Buy a Home

February 5, 2019 - General Information

The largest obstacle renters face when planning to buy a home is saving for a down payment. This challenge is amplified by rising rents, which has eaten into the amount of money renters have leftover for savings each month after [...] Read More

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Monica Foster February 5, 2019

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