Allen Starnes Realty

10/13/2021

111,285 Reasons You Should Buy a Home This Year

The financial benefits of buying a home versus renting one are always up for debate. However, one element of the equation is often ignored – the ability to build wealth as a homeowner.

An increase in equity builds the wealth of the individual that owns it. This wealth can be passed down to future generations. National Association of Realtors research reveals that the average gain for homeowners over the last five years was $139,134 and over the last 10 years was $218,505.

Homeownership builds household wealth which also enables households to more easily move to the home of their dreams.

If you missed out on the equity gains over the last 30 years, don’t fret. Experts are still calling for substantial growth in equity over the next five years. The most recent Home Price Expectation Survey, a survey of over one hundred economists, real estate experts, and...

10/12/2021

Don’t Wait for a Lower Mortgage Rate – It Could Cost You

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who worry they’ve missed out, rest assured today’s mortgage rates are still worth taking advantage of.

Even today, our mortgage rates are below what they’ve been in recent decades. So, while you may not be able to lock in the rate your friend got recently, you’re still in a great position to secure a rate well below what your parents and even grandparents got in years past. The key will be acting sooner rather than later.

In late September, mortgage rates ticked above 3% for the first time in months. And according to experts throughout the industry...

Today’s housing market is truly one for the record books. Over the past year, we’ve seen the lowest mortgage rates in history. And while those rates seemed to bottom out in January of this year, the golden window of opportunity for buyers isn’t over just yet. If you’re one of the buyers who ...

10/11/2021

Experts Agree: Homeownership Provides a Path to Long-Term Wealth

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. 41% of respondents say they’d rather own a home than rent because of the unique way homeownership builds wealth over time. And experts agree – the home you own is an important tool for building your net worth.

According to the National Association of Realtors (NAR), “Homeowners who purchased a typical single-family existing-home 30 years ago at the median sales price of $103,333 with a 10% down payment loan and who sold the property at the median sales price of $357,700 in 2021 Q2 accumulated housing wealth of $349,258, . . .”

Mark Fleming, Chief Economist at First American, points out that a home is truly a one-of-a-kind asset. “The major financial advantage of homeownership is the accumulation of equity in...

A recent survey from LendingTree.com found there are multiple reasons why Americans would choose to purchase a home instead of renting. Some of the most popular non-financial reasons given include:

10/11/2021

If the time it takes to sell your house is holding you back, don’t worry. In today’s market, houses are selling in an average of just 17 days according to the National Association of Realtors. That’s great news for sellers hoping for a fast transaction. DM me today if you’re ready to make a move.

10/10/2021

If you’re debating renting vs. buying, there are plenty of factors you should keep in mind. As a renter, you contend with rising rents and limited options to customize your space. Buying a home gives you the chance for consistent monthly payments, building your wealth, and greater flexibility. DM me today to so we can discuss all the perks of homeownership.

10/09/2021

Looking to sell but unsure where you’ll go? Why not opt for all-new everything and build the home of your dreams? Your agent will be your trusted advisor during the process for both your existing and your new home. DM me today so we can discuss your options together.

10/09/2021

What’s Causing Today’s Competitive Real Estate Market? [INFOGRAPHIC]

Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led to today’s low supply. If you’re thinking of selling, let’s connect to talk about our local area and how you can take advantage of today’s housing market.

Some Highlights Today’s strong sellers’ market is the direct result of high demand and low supply. Low mortgage rates and generational trends have created an increased demand for homes. Meanwhile, the slower pace of new home construction and homeowners staying in their homes longer have both led...

10/08/2021

Don’t go at it alone just because we’re in a sellers’ market. It takes a pro to navigate the sale of your home and maximize your return on investment. DM me today so you have an expert on your side who’s skilled at wearing multiple hats during the process.

10/07/2021

Fall in Love with Homeownership

There are many reasons to fall in love with homeownership right now. Let's connect to find the home of your dreams.

10/07/2021

Interested in building your net worth? Look to homeownership. According to CoreLogic’s Homeowner Equity Insights report, Americans have gained an incredible amount of home equity this year alone. DM me today if you’re ready to build your wealth as a homeowner.

10/06/2021

What Do Supply and Demand Tell Us About Today’s Housing Market?

The law of supply and demand explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very high and supply is very low, prices can rise significantly.

Why Are Prices Rising?
According to CoreLogic, home prices have risen 18% since this time last year. But what’s driving the increase? When we take NAR’s buyer activity data and compare it to the seller traffic during the same timeframe, we can see buyer demand continues to outpace seller activity by a wide margin. In other words, the demand for homes is significantly greater than the current supply that’s available to buy.

Where Are Prices Headed?
Many experts forecast prices will continue to increase, but they’ll likely...

There’s a well-known economic theory – the law of supply and demand – that explains what’s happening with prices in the current real estate market. Put simply, when demand for an item is high, prices rise. When the supply of the item increases, prices fall. Of course, when demand is very hig...

10/06/2021

Because of today’s low housing supply and high demand, we’re in one of the strongest sellers’ markets we’ve seen. Sellers can benefit from more offers to pick from, higher home values, and a faster sales process. That might be why 73% of people believe it’s a good time to sell. DM me today so you can take advantage of this hot sellers’ market.