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I spoke with ABC News about the challenges faced by entry-level homebuyers. I was asked: "Is the starter home a thing of the past?" It is a fair question given the percentage of households that can afford the median-priced home has shrunk from 55% to just 33%. The answer, in my view, is nuanced. While the path to homeownership has become much tougher, it's not impossible. There's still hope for aspiring homeowners willing to adapt their strategies. Shoppers willing to consider different submarkets, explore slightly less prestigious school districts, or opt for smaller floorplans might find a home they like and can afford. In fact, the latest data from the NAR shows that 32% of all homebuyers are still first-timers. This indicates that despite the hurdles, many are successfully navigating the housing market and achieving homeownership. Full story here: https://lnkd.in/emhT-9sf Zonda #housing #housingaffordability #mortgagerates

Entry level is a great way to define it; because it is an entry point and as such several compromises must be made to make it happen for most. The important thing; and I can’t stress this enough is to get in and become an owner. You want to be smart about it of course; carefully consider the location and potential resale or future rental value. But; too many people over analyze, try to go it alone for too long, or get caught in a perpetual deal seeking approach. Look at any housing data sources you want; prices don’t go backwards over time. You should have a 3-5 year time horizon in mind. Find good people and experts that can help you. There are grants, down payment assistance programs, and good values everywhere. #compassrealestate #gizelleandcompany

We are committed to promoting fair housing practices. This article sheds light on historical discriminatory homebuying policies and efforts to close the homeownership gap moving forward. A program launching in May will help first-generation homebuyers. #betsyferguson #realtor #superagent #buyahome #sellmyhome #edinarealty #fairhousing #homeownershipgap

Real Estate Trends: Small Yet Mighty: 10 Towns Where Tiny Homes Are Trending Big-Time https://lnkd.in/dDT33gQh #RealEstateTrends #PropertyMarket #HomeBuyers #InvestmentProperty #HousingTrends #RealEstateNews #PropertyInvestment #HomeOwnership #MarketAnalysis #ResidentialRealEstate

As we shared last month, almost half of all renters in Greenville County are cost-burdened, meaning they spend more than 30% of their income on housing costs. Hollingworth believes that all Greenville residents should have access to quality affordable housing. A recent article from the The Post and Courier shows that South Carolina has seen some of the nation’s largest rent increases over the past three years, with no end in sight. Nationally, rents were down year over year in two-thirds of the nation’s 100 largest cities. Yet, in South Carolina’s largest cities, including Greenville, rents went up. Large and ongoing increases in South Carolina’s population, driven primarily by people moving from other states, are a key driver of demand for housing. During the height of the COVID-19 pandemic, South Carolina was one of the fastest-growing states in the nation. At the same time, a spike in home prices and mortgage interest rates have kept potential homebuyers in rentals. Read the article at https://ow.ly/1Lp450PBZRL. #onourmind #affordablehousing #greenvillesc #yeahthatgreenville

If you want to experience city living but your house hunt has been less than fruitful, you might be overlooking some underrated cities to buy a home in the United States. The most underrated city for homebuyers doesn’t fall on one of the coasts, but instead in northern Alabama, according to a recent LendingTree report. Huntsville, Alabama, topped the ranking of best overlooked metro areas for homeownership, which evaluated a range of factors, including median home value, homeownership rate and median annual property taxes. Check out the full list of the most underrated cities to buy a home in the U.S. ⬇️

Oftentimes, I get asked by my friends about the best time to purchase real estate. The answer is "NOW"! Provided, there's enough cash for the downpayment and pre-qualification in place from the lender. Northern Virginia Real Estate Market has a pace of its own - more stable, conservative, and so giving. Just compare the price increase between the local market with the nationwide statistics. The state’s D.C. suburbs are an economic hub for federal employees and high-paying professions. However, counties and cities closest to the city are historically expensive when compared to other counties. Here a recent Home Prices in NOVA by County/city, Median List Price, and Year-Over-Year Change (%): Alexandria (city) - $807,500 (23.8%) Arlington County - $912,000 (48.4%) Fairfax County - $861,225 (16.4%) Loudoun County - $850,000 (10.1%) Prince William County - $632,009 (8.8%) Stafford County - $579,950 (3.2%) The commuter-friendly communities of Alexandria, Arlington, Fairfax, and Loudoun remain among Virginia’s most expensive places to live. Arlington County's number (+48%) is staggering! Typically, homebuyers who want bigger, affordable homes will look to Prince William and Stafford counties to remain on the I-95 corridor. However, the commute into D.C. is more arduous, making the listing prices notably lower. The conclusion is - do not get overwhelmed by the Nationwide picture. Talk to a Real Estate Professional about your goals and reservations, and seek advice on the best course of action for YOU. Always by your side! Your REALTOR® ULVIYE AKHTAR Pearson Smith Realty 703-899-8279

Homeownership is life-changing no matter who you are. Let's connect today to talk about your goals in the housing market. #SingleWomen #Homeownership #Homebuyers #J9SellsHomes

"Right now, the housing market in Northern California is experiencing some interesting dynamics. As of this month, the average home stays on the market for around 30 days, with many homes receiving multiple offers. This means it's a competitive market for buyers but also a promising time for sellers. Current listings show a range of options, from cozy starter homes to luxurious estates, catering to diverse needs and budgets. Despite the competitive environment, there are great opportunities for both buyers and sellers. For buyers, there are several down payment assistance programs available. These programs can provide the financial support needed to make your homeownership dreams a reality. Additionally, if you're a veteran or active military personnel, the VA loan program offers significant benefits, including no down payment requirements and competitive interest rates. Looking ahead, there are positive changes on the horizon. New policies aimed at making homeownership more accessible and affordable are being implemented. This includes expanded down payment assistance programs and incentives for first-time homebuyers. For sellers, the current high demand means your property could sell quickly and at a great price. Northern California's desirable location and robust economy make it a hot spot for real estate. In summary, whether you're buying or selling, Northern California's housing market offers promising opportunities. Stay informed, take advantage of available assistance programs, and look forward to a bright future in this vibrant region." Tarrick Peterson Real Estate

How to demystify the buying process, educate would-be buyers about their options and advocate for accessible and affordable housing. #Homebuyers #AffordableHousing #FairHousing https://bit.ly/44toXtp