Author: propmarket

A Great Way to Increase Your Family’s Net Worth

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A Great Way to Increase Your Family’s Net Worth Every three years, the Federal Reserve conducts its Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the … Continued

Buying a Home: Do You Know the Lingo?

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Buying a Home: Do You Know the Lingo? [INFOGRAPHIC] Some Highlights: Buying a home can be intimidating if you’re not familiar with the terms used throughout the process. To point you in the right direction, here’s a list of some of the most common language you’ll hear when buying a home. The best way to … Continued

Busting the Myth About a Housing Affordability Crisis

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Busting the Myth About a Housing Affordability Crisis It seems you can’t find a headline with the term “housing affordability” without the word “crisis” attached to it. That’s because some only consider the fact that residential real estate prices have continued to appreciate. However, we must realize it’s not just the price of a home … Continued

The Benefits of Growing Equity in Your Home

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The Benefits of Growing Equity in Your Home Over the last couple of years, we’ve heard quite a bit about rising home prices. Today, expert projections still forecast continued growth, just at a slower pace. One of the often-overlooked benefits of rising home prices is the positive impact they have on home equity. Let’s break … Continued

3 Great Websites To Help You Finance Your House in Metro Detroit Michigan!

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As you’re probably aware, home shopping (and even selling and buying) has largely moved online today. And now financing your house purchase is doing the same thing. It’s easy, it’s a streamlined process, and rates are competitive. If you’re like increasing numbers of people who prefer the ease of the online home-buying process,  you’re in … Continued

5 Real Estate Reality TV Myths Explained

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5 Real Estate Reality TV Myths Explained Have you ever been flipping through the channels, only to find yourself glued to the couch in an HGTV binge session? We’ve all been there, watching entire seasons of shows like “Property Brothers,” “Fixer Upper,” and “Love It or List It,” all in one sitting. When you’re in … Continued

American Confidence in Housing at an All-Time High

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American Confidence in Housing at an All-Time High Fannie Mae just released the July edition of their Home Purchase Sentiment Index (HPSI). The HPSI takes information regarding consumers’ confidence in the real estate market from Fannie Mae’s National Housing Survey and condenses it into a single number. Therefore, the HPSI reflects consumers’ current views and … Continued

Millionaire to Millennials: The Costly Mistake of Not Buying Now

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Millionaire to Millennials: The Costly Mistake of Not Buying Now On his personal website, self-made millionaire David Bach makes a striking statement:  “Not prioritizing homeownership is the single biggest mistake millennials are making.”  He further stated, “Buying a home is an escalator to wealth.” Bach explains: “Young adults in particular aren’t hopping on this escalator, and it’s … Continued
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