I was recently asked by a client about the potential costs of waiting until she could make a 20% down payment – since she only had enough for a 10% down payment when we spoke. Let’s take a look at
Should You Wait Until You Have 20% Down?
Home Prices Are On The Rise
The lack of homes for sale is driving prices higher, just as millennials are getting ready to buy their first homes. Stagnated earning power is a further complication, as wage growth continues at a snails pace. These are more good
Home Sales Hit Lowest Point In Nearly 4 Years
The combination of higher interest rates and low inventory is causing weakness in the housing market. The economy is strong and the job market is strong, so home buyers may be waiting until the spring market to pursue a new
Here is what you need to earn to buy the median priced home in Chapel Hill, Cary, Durham, Raleigh, and Pittsboro,NC
CNBC just analyzed the housing markets in 15 cities to determine what you need to earn in order to be able to afford the median home. I think it is fascinating to look at the range of home affordability across
Should You Consider An ARM?
Adjustable Rate Mortgages got a bad name after the housing crisis and mortgage meltdown in 2008, but a lot of that reputation is unwarranted. Negative amortization ARMs, the worst culprits, are long gone. Interest-only ARMS are hard to find unless
Worker Shortage Is Hurting The Triangle’s Hot Housing Market
The current political climate is hurting our hot housing market. How? A significant proportion of workers in housing construction – one in four – are without proper documentation, and they are scared stiff. The local home builder’s association has asked
The HELOC Interest Deduction Is Dead
With the implementation of the new tax code, 2018 is the last year you can take a deduction for interest paid on your HELOC or HELOAN. People have traditionally tapped into home equity to pay for renovations, tuition, pay off
The New Tax Code – 6 Things To Know
Your income taxes will be affected by tax reform, and if you’re planning to buy a home this year, you should know how the new tax law has changed the rules of homeownership. Yes, you still need to find the
2018 Is A Hot Year To Sell. So How Do You Buy A Home?
Inventory shortages are driving the housing market, making it a great year to sell a home, but a challenging one if you are a buyer. So just how do you make a winning offer? First off, you need to be
Tax Reform & Your Decision To Buy A Home
The two most impactful tax-code changes are the decreased mortgage interest deduction and the state and local tax (SALT) deduction cap. The mortgage interest deduction is now capped at $750,000 – formerly limited to $1 million. But who has a