Buying Myths Archives - Page 5 of 14 - The Monica Foster Team

Are Houses Less Affordable Than They Were in Past Decades?

August 11, 2021 - General Information

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive [...] Read More

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Monica Foster August 11, 2021

Looking for a Place To Call Home? Consider a Condominium.

August 10, 2021 - General Information

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it [...] Read More

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Monica Foster August 10, 2021

Surprising Shift Favors Homeowners: Buyers Now Prefer Existing Homes

August 5, 2021 - General Information

In April, the National Association of Home Builders (NAHB) posted an article, Home Buyers’ Preferences Shift Towards New Construction, which reported: “60% of people who were looking to buy a home in 2020 said they’d prefer new construction to an [...] Read More

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Monica Foster August 5, 2021

Waiting To Buy a Home Could Cost You

July 30, 2021 - General Information

Some Highlights If you’re thinking of buying a home but wondering if waiting a few years will save you in the long run, think again. The longer the wait, the more you’ll pay, especially when mortgage rates and home prices [...] Read More

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Monica Foster July 30, 2021

What You Should Do Before Interest Rates Rise

July 19, 2021 - General Information

In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than [...] Read More

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Monica Foster July 19, 2021

Experts Agree: Options Are Improving for Buyers

July 16, 2021 - General Information

Some Highlights Buyers hoping for more homes to choose from may be in luck as housing inventory begins to rise. Many experts agree – new sellers listing their homes is great news for buyers and the overall market. Although the [...] Read More

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Monica Foster July 16, 2021

Diving Deep into Today’s Biggest Buyer Concerns

July 15, 2021 - General Information

Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a [...] Read More

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Monica Foster July 15, 2021

The Truths Young Homebuyers Need To Hear

July 7, 2021 - General Information

For many young or first-time homebuyers, purchasing a home can feel intimidating. A recent survey shows some homebuyers ages 25 to 40 may be unsure about the homebuying process and what they can afford. It found: “1 in 4 underestimated [...] Read More

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Monica Foster July 7, 2021

What To Expect as Appraisal Gaps Grow

June 29, 2021 - General Information

In today’s real estate market, low inventory and high demand are driving up home prices. As many as 54% of homes are getting offers over the listing price, based on the latest Realtors Confidence Index from the National Association of [...] Read More

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Monica Foster June 29, 2021

Pre-Approval Makes All the Difference When Buying a Home

June 22, 2021 - General Information

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high [...] Read More

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Monica Foster June 22, 2021

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