Sherie Westerfield Real Estate Broker Middle Tennesse

06/03/2022

09/05/2021

04/30/2021

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04/30/2021

FRIDAY FUNNY

04/21/2021

https://www.keepingcurrentmatters.com/2021/04/21/planning-to-move-you-can-still-secure-a-low-mortgage-rate-on-your-next-home/

This year, mortgage rates have started to slowly climb above recent record-breaking lows.

04/14/2021

This tile is a little too much for me. What are your thoughts?

02/27/2021

Some Highlights Over the past year, homeowners have gained an unprecedented opportunity to sell with great success while buyer demand is soaring. With homes selling twice as fast as they did last year at this time, getting multiple offers, and rising in price, homeowners are in the driver’s seat. ...

02/25/2021

Trending

Inspired by classical design, this decorative finish is turning up everywhere.

02/08/2021

Purchasing a home in 2021?

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Of course, nothing’s impossible.

02/05/2021

FRIDAY’s FUNNY. 2 feet of snow

02/03/2021

Data in the 2020 Profile of Home Buyers and Sellers from the National Association of Realtors (NAR) indicates that the median down payment actually hasn’t been over 20% since 2005, and even then, that was for repeat buyers, not first-time homebuyers. As the image below shows, today’s median down payment is clearly less than 20%.Do I Really Need a 20% Down Payment to Buy a Home? | Keeping Current Matters

What does this mean for potential homebuyers?
As we can see, the median down payment was lowest for first-time buyers with the 2020 percentage coming in at 7%. If you’re a first-time buyer and putting down 7% still seems high, understand that there are programs that allow qualified buyers to purchase a home with a down payment as low as 3.5%. There are even options like VA loans and USDA loans with no down payment requirements for qualified applicants.