Jeff Clark, Parker Scott Properties/Premier Leasing & Property Management

93% of Americans Believe a Home Is a Better Investment Than Stocks A recent Survey of Consumer Finances study released by the Federal Reserve reveals the net worth of homeowners is forty times greater than that of renters. If you’re wondering if homeownership is a good investment, the study clearly answers that question, and the answer is yes. Do Americans believe a home is a better investment than stocks? In a post on the Liberty Street Economics blog, the Federal Reserve Ba...nk of New York notes that 93.3% of Americans believe buying a home is definitely or probably a better investment than buying stocks. The survey also shows a wide range of reasons why Americans feel that way, with the top answers being that housing prices are less volatile, it provides stability in a desired living environment, and for tax reasons. The data show how strongly Americans believe in homeownership as an investment. That belief is... Call 912-897-6320 for free consult #pspsav

Some Buyers Prefer Smaller Homes Over the past year, we’ve had plenty of opportunities to reflect on what we consider most important in our lives. The place we call home is one of the biggest things many of us are reevaluating. For some, this has spurred an interest in making a move to a home that better suits our changing needs. In a recent study on today’s homebuyer preferences, the National Association of Home Builders (NAHB) states, When asked more specifically how the p...andemic may have impacted their preference for home size21% or about 1 out of every 5 buyers, do want a larger home now as a direct result of the health crisis, while another segment 12% would prefer a smaller one instead. It’s interesting that a significant portion of homeowners actually want less space. For those who own larger homes right now and have a desire to move, today’s housing market is full of opportunities... Call 912-897-6320 for free consult #pspsav

Multigenerational Housing Is Gaining Momentum [INFOGRAPHIC] If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs. With benefits that include a combined homebuying budget and shared caregiving duties, an increasing number of households are discovering the value of a multigenerational home. With such high demand for houses today, now is a great time to sell so you can upgrade to a multigenerational home that may better suit your evolving needs. Call 912-897-6320 for free consult #pspsav

Will Forbearance Plans Lead to a Tsunami of Foreclosures? At the onset of the economic disruptions caused by the COVID pandemic, the government quickly put into place forbearance plans to allow homeowners to remain in their homes without making their monthly mortgage payments. Today, almost three million households are actively in a forbearance plan. Though 29.4% of those in forbearance have continued to stay current on their payments, many have not. Yanling Mayer, Principal ...Economist at CoreLogic, recently revealed: A distributional analysis of forborne loans’ payment status reveals that more than one third... Call 912-897-6320 for free consult #pspsav

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4 Reasons People Are Buying Homes in 2021 According to many experts, the real estate market is expected to continue growing in 2021, and it’s largely driven by the lasting impact the pandemic is having on our lifestyles. As many of us spend extra time at home, we’re reevaluating what home means and what we may need in one going forward. Here are 4 reasons people are reconsidering where they live and why they’re expecting to buy a home this year. ... 1. Record-Low Mortgage Interest Rates In 2020, the average interest rate for a 30-year fixed mortgage hit a record low 16 times, continuing to fall further... Call 912-897-6320 for free consult #pspsav

Turning a House into a Happy Home We talk a lot about why it makes financial sense to buy a home, but more often than not, we’re drawn to the emotional reasons for homeownership. No matter the living space, the feeling of a home means different things to different people. Whether it’s a certain scent or a favorite chair, the feel-good connections to our own homes are typically more important to us than the financial ones. Here are some of the reasons why.... 1. Owning your home is an accomplishment worth celebrating You’ve likely worked very hard to achieve this dream, and whether it’s your first home or your... Call 912-897-6320 for free consult #pspsav

What Does 2021 Have in Store for Home Values? According to the latest CoreLogic Home Price Insights Report, nationwide home values increased by 8.2% over the last twelve months. The dramatic rise was brought about as the inventory of homes for sale reached historic lows at the same time buyer demand was buoyed by record-low mortgage rates. As CoreLogic explained: Home price growth remained consistently elevated throughout 2020. Home sales for the year are expected to registe...r above 2019 levels. Meanwhile, the availability of for-sale homes has dwindled as demand increased and coronavirus (COVID-19) outbreaks... Call 912-897-6320 for free consult #pspsav

Did You Outgrow Your Home in 2020? It may seem hard to imagine that the home you’re in today whether it’s your starter home or just one you’ve fallen in love with along the way might not be your forever home. Many needs have changed in 2020, and it’s okay to admit if your house no longer fits your lifestyle. If you’re now working remotely, facilitating virtual school, trying to exercise at home, or simply just spending more time in your own four walls, you may be bursting... at the seams in your current house. According to the latest Home Price Insights from CoreLogic, prices have appreciated 7.3... Call 912-897-6320 for free consult #pspsav

The Difference a Year Makes for Homeownership Over the past year, mortgage rates have fallen more than a full percentage point, hitting a new historic low 15 times. This is a great driver for homeownership, as today’s low rates provide consumers with some significant benefits. Here’s a look at three of them. 1. Move-up or Downsize: One option is to consider moving into a new home, putting the equity you’ve likely gained in your current house toward a down payment on a new one... that better meets your needs something that’s truly a perfect fit, especially if your lifestyle has changed this year. 2... Call 912-897-6320 for free consult #pspsav

Reasons to Hire a Real Estate Professional [INFOGRAPHIC] Some Highlights Choosing the right real estate professional to work with is one of the most important decisions you can make in your homebuying or selling process.... The right agent can explain current market conditions and break down exactly what they mean for you. If you’re considering buying or selling a home this year, let’s connect so you can work with someone who has the experience to answer all of your questions about pricing, contracts, negotiations, and more. Call 912-897-6320 for free consult #pspsav

Is This the Year to Sell My House? If one of the questions you’re asking yourself is, Should I sell my house this year? consumer sentiment about selling today should boost your confidence in the right direction. Even with the current health crisis that continues to challenge our nation, Americans still feel good about selling a house. Here’s why. According to the latest Home Purchase Sentiment Index from Fannie Mae, 57% of consumer respondents to their survey indicate now i...s a good time to buy a home, while 59% feel it’s a good time to sell one: The percentage of respondents who say it is a good time... Call 912-897-6320 for free consult #pspsav

The Do’s and Don’ts after Applying for a Mortgage Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You're undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender someone who is qualified to tell you how your financial decisions may impact your home loan. Below is a list of t...hings you shouldn’t do after applying for a mortgage. They’re all important to know or simply just good reminders for the... Call 912-897-6320 for free consult #pspsav