by The Peggy Patenaude Team | Sep 1, 2021 | Buyer, Buying Myths, First Time Home Buyers
As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in...
by The Peggy Patenaude Team | Aug 31, 2021 | Buyers & Sellers, Buying Myths
It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent...
by The Peggy Patenaude Team | Aug 19, 2021 | Buyer, Buying Myths, Housing Market Updates
There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First...
by The Peggy Patenaude Team | Aug 11, 2021 | Buyer, Buying Myths, Pricing
There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than...
by The Peggy Patenaude Team | Jul 19, 2021 | Buyers & Sellers, Buying Myths
In today’s real estate market, mortgage interest rates are near record lows. If you’ve been in your current home for several years and haven’t refinanced lately, there’s a good chance you have a mortgage with an interest rate higher than today’s average. Here are some...
by The Peggy Patenaude Team | Jun 22, 2021 | Buyer, Buying Myths
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Especially in today’s market, with rising home prices and high buyer competition, it’s crucial to...
