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Category: First Time Home Buyers

    How Experts Can Help Close the Gap in Today’s Homeownership Rate

    By KCM Crew | February 7, 2023

    As we celebrate Black History Month, we reflect on the past and present experiences of Black Americans. This includes the path toward investing in a home of their own. And while equitable access to housing has come a long way, homeownership can be a steeper climb for households of color. It’s an important experience to talk about, along with how it can make all the difference for diverse homebuyers to work with the right real estate experts. Read More

    You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

    By Tribeca NW | February 3, 2023

    Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%. Read More

    Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

    By Tribeca NW | January 27, 2023

    Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Read More

    Why It Makes Sense To Move Before Spring

    By Tribeca NW | January 26, 2023

    Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. Read More

    The 3 Factors That Affect Home Affordability

    By Tribeca NW | January 24, 2023

    If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: Read More

    Pre-Approval in 2023: What You Need To Know

    By Tribeca NW | January 19, 2023

    One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: Read More

    Think Twice Before Waiting for 3% Mortgage Rates

    By Tribeca NW | January 17, 2023

    Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Read More

    Think Twice Before Waiting for 3% Mortgage Rates

    By Tribeca NW | January 17, 2023

    Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Read More

    Key Terms To Know When Buying a Home [INFOGRAPHIC]

    By Tribeca NW | January 13, 2023

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    Wondering How Much You Need To Save for a Down Payment?

    By KCM Crew | January 3, 2023

    If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn’t […] Read More