For Buyers Archives - Page 15 of 69 - The Monica Foster Team

What Do Experts Say About Today’s Mortgage Rates?

August 23, 2021 - General Information

Mortgage rates are hovering near record lows, and that’s good news for today’s homebuyers. The graph below shows mortgage rates dating back to 2016 and where today falls by comparison. Generally speaking, when rates are low, you can afford more [...] Read More

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Monica Foster August 23, 2021

Options for First-Time Homebuyers

August 20, 2021 - General Information

Some Highlights With a housing market this competitive, sometimes you have to think outside the box. Work with your trusted real estate advisors to do things like assess your budget, expand your search radius, look into other options, and determine [...] Read More

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Monica Foster August 20, 2021

More Young People Are Buying Homes

August 19, 2021 - General Information

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains [...] Read More

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Monica Foster August 19, 2021

Real Estate: It’s Still a Lack of Supply, Not a Lack of Demand

August 18, 2021 - General Information

One of the major questions real estate experts are asking today is whether prospective homebuyers still believe purchasing a home makes sense. Some claim rapidly rising home prices are impacting demand and, by extension, leading to the recent slowdown in [...] Read More

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Monica Foster August 18, 2021

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

The Community and Economic Impacts of a Home Sale

August 9, 2021 - General Information

If you’re thinking of buying or selling a house, chances are you’re focusing on the many extraordinary ways it’ll change your life. What you may not realize is that decision impacts people’s lives far beyond your own. Home purchases and [...] Read More

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Monica Foster August 9, 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

With Rents on the Rise – Is Now the Time To Buy?

August 3, 2021 - General Information

According to recent data from realtor.com, median rental prices have reached their highest point ever recorded in many areas across the country. The report found rents rose by 8.1% from the same time last year. As it notes: “Beyond simply [...] Read More

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Monica Foster August 3, 2021

Key Questions To Ask Yourself Before Buying a Home

August 2, 2021 - General Information

Sometimes it can feel like everyone has advice when it comes to buying a home. While your friends and loved ones may have your best interests in mind, they may also be missing crucial information about today’s housing market that [...] Read More

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Monica Foster August 2, 2021

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