Owning a home of your own has been a part of the American Dream since our country was founded. Today, being a Greenwood homeowner has many great financial benefits as well. Because of this, experts are concerned with the falling homeownership rate, the outcomes of which could be devastating. …
According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed mortgage rate has fallen half a percentage point since the beginning of the year and has remained at or below 3.5% for the last 11 weeks. This has been great for homeowners, because the lower the rate, …
Some experts question whether the current pace of residential home sales is sustainable. While some may worry that too many people are buying homes as seen in 2004-2006 and fear we may be headed toward another housing crisis, there is evidence that we are actually experiencing a very healthy real …
You may think now is not the best time to sell your home as school is back in session and the holidays are just around the corner. However, there are 5 reasons why you could be missing out on a great opportunity for your family.
Owning your Dream Home in Greenwood has many benefits, including the ability to protect yourself from rising rents and keeping a stable housing cost for the lifetime of your mortgage. Chief Economist at realtor.com, Jonathan Smoke reported that, "low rental vaccines and a lack of new rental construction are …
The numbers of the Housing Affordability Index are falling, and some pundits say the housing market may be headed for a slowdown. Some are concerned that many people looking to buy their Dream Home in Greenwood may be priced out of the market. Below is a snapshot of the …
Fannie Mae's Study, "What Do Consumers Know About Mortgage Qualification Criteria?" showed that Americans are misinformed about what is required of them to qualify for a mortgage when buying a home. There are two myths that may be holding you back from purchasing your dream home in Greenwood.
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According to Pulsenomics' latest Home Price Expectation Survey, home prices will appreciate 3.5% per year on average and cumulatively by about 18% over the next five years. This is good news for homeowners and their equity positions. For example, if you purchased a Greenwood home in January of this year …
The infographic below shows how far $100 goes in each state when compared to the national average.
As you can see, the majority of Midwestern and Southern states offer a lower cost of living that the Northeastern and Western states. For example, in South Carolina, you can purchase …
The latest Existing Home Sales Report by the National Association of Realtors showed that in the last year, home sales are up in five of the six price ranges they measure. Homes priced between $100-$250K showed a modest increased at 3.4%, pointing to a low inventory of …
