The Deborah Group of Real Estate

12/30/2024

05/10/2024

Ready for a change? If you move-up now, you can unlock benefits like eager buyers, top-dollar sales, and high home equity. With summer fast approaching, let’s work together to get your house ready.

05/08/2024

Tips for Younger Homebuyers: How To Make Your Dream a Reality

If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home? Here are some helpful tips you may get from a pro.

1. Explore Your Options for a Down Payment

If a down payment is your #1 hurdle, you may have options to give your savings a boost. There are over 2,000 down payment assistance programs designed to make homeownership more achievable. And chances are you won’t need to put 20% down (unless specified by your loan type or lender).

2. Live with Loved Ones To Boost Your Savings

Another thing a number of Gen Z buyers are doing is ditching their rental and moving back in with friends or family. This can help cut down your housing costs so you can build your savings a whole lot faster.

3. Cast a Broad Net for Your Search

When you’ve saved up enough, here’s how a pro will help you approach...

If you’re a member of a younger generation, like Gen Z, you may be asking the question: will I ever be able to buy a home?

05/06/2024

Considering making a move? According to Realtor.com, profit potential and family priorities are the top motivators for homeowners right now.
Let’s dive into the reasons driving your decision. With home values and inventory on the rise, it might just be the right time to make that change.

05/05/2024

Struggling to find a home within your budget? Builders might just have the solution you've been searching for.

With a focus on smaller, more affordable homes, they're catering to what buyers need most.

Ready to explore your options? Let's connect and discover what's available in and around our area.

05/03/2024

What Is Going on with Mortgage Rates?

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected. And if you’re wondering why, the answer lies in the latest economic data.

Economic Factors That Impact Mortgage Rates

When it comes to mortgage rates, things like the job market, the pace of inflation, consumer spending, geopolitical uncertainty, and more all have an impact. Another factor at play is the Federal Reserve (the Fed) and its decisions on monetary policy. And that’s what you may be hearing a lot about right now.

Basically, long story short, inflation and its impact on the broader economy are going to be key moving forward. As Greg McBride, Chief Financial Analyst at Bankrate, says: “It’s the longer-term outlook for economic growth and inflation that have the greatest bearing on the level and direction of mortgage rates. Inflation, inflation, inflation — that’s really the...

You may have heard mortgage rates are going to stay a bit higher for longer than originally expected.

05/01/2024

The Perks of Buying over Renting

Thinking about buying a home? While today’s mortgage rates might seem a bit intimidating, here are two solid reasons why, if you’re ready and able, it could still be a smart move to get your own place.

1. Home Values Typically Go Up Over Time

There’s been some confusion over the past year or so about which way home prices are headed. Make no mistake, nationally they’re still going up. In fact, over the long-term, home prices almost always go up.

This is a big reason why buying a home can be better than renting. As prices go up and you pay down your mortgage, you build equity. Over time, this growing equity can really increase your net worth. The Urban Institute says: “Homeownership is critical for wealth building and financial stability.”

2. Rent Keeps Rising in the Long Run

Rent just keeps going up over the years. Sure, it might be cheaper to rent right now in some areas, but...

Thinking about buying a home?

04/29/2024

Now’s a Great Time To Sell Your House

Thinking about selling your house? If you are, you might be weighing factors like today’s mortgage rates and your own changing needs to figure out your next move.

Here’s something else to consider. According to the latest Home Purchase Sentiment Index (HPSI) from Fannie Mae, the percent of respondents who say it’s a good time to sell is on the rise.

Why Are Sellers Feeling so Optimistic?

One reason why is because right now is traditionally the best time of year to sell a house.
These are the seasons when most people move. That means buyer demand grows. And because there still aren’t enough homes for sale to meet that demand, sellers see some serious perks. According to Rocket Mortgage: “Homes that are listed at the end of spring and the beginning of summer typically sell faster at a higher sales price.”

What Does This Mean for You?

More sellers are coming to realize...

Thinking about selling your house?

04/28/2024

Do You Know How Much Equity You Have?

Do You Know How Much Equity You Have? To find out what your number is, let’s connect.

04/26/2024

What You Really Need To Know About Home Prices

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down. If you’re one of the people worried about that, here’s what you need to know.

A lot of that fear is probably coming from what you’re hearing in the media or reading online. But here’s the thing to remember. Negative news sells. That means, you may not be getting the full picture. You may only be getting the clickbait version. As Jay Thompson, a Real Estate Industry Consultant, explains: “Housing market headlines are everywhere. Many are quite sensational, ending with exclamation points or predicting impending doom for the industry. Clickbait, the sensationalizing of headlines and content, has been an issue since the dawn of the internet, and housing news is not immune to it.”

Home Prices Rose the Majority of the Past Year

It’s perfectly normal in the housing...

According to recent data from Fannie Mae, almost 1 in 4 people still think home prices are going to come down.

04/24/2024

No matter what you’ve seen in the news, there is no wave of foreclosures on the horizon.

Yes, we’ve seen numbers tick up slightly (hence those headlines), but that was expected when the moratorium ended. It’s not a cause for alarm.

We’re still well below pre-pandemic levels and way lower than what we saw during the crash.

If you have questions, I’m here to help.