Is the Increase in Inventory a Bullish or Bearish Sign for Real Estate?

by MyHomeIdaho | Oct 19, 2018 | First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers |

In a recent article, National Housing Inventory Crisis Reaches Inflection Point, realtor.com reported that: New listings jumped 8% year-over-year nationally, the largest increase since 2013 Total listings in the 45 largest markets are now up 6% on average over last...

Pre-Approval: Your 1st Step in Buying a Home

by MyHomeIdaho | Oct 16, 2018 | Buying Myths, First Time Home Buyers, For Buyers, Move-Up Buyers |

In many markets across the country, the number of buyers searching for their dream homes outnumbers the number of homes for sale. This has led to a competitive marketplace where buyers often need to stand out. One way to show you are serious about buying your dream...

Buying a Home? Do You Know the Lingo? [INFOGRAPHIC]

by MyHomeIdaho | Oct 13, 2018 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers |

Some Highlights: Buying a home can be intimidating if you are not familiar with the terms used during the process. To start you on your path with confidence, we have compiled a list of some of the most common terms used when buying a home. The best way to ensure that...

New Home Sales Up 12.7% From Last Year

by MyHomeIdaho | Oct 11, 2018 | First Time Home Buyers, For Buyers, For Sellers, Housing Market Updates, Move-Up Buyers, New Construction, Pricing |

According to the latest New Residential Sales Report from the Census Bureau, new construction sales in August were up 3.5% from July and 12.7% from last year! This marks the second consecutive month with double-digit year-over-year growth (12.8% in July). The report...

What’s Going On With Home Prices?

by MyHomeIdaho | Oct 10, 2018 | First Time Home Buyers, For Buyers, For Sellers, Move-Up Buyers, Pricing |

According to CoreLogic’s latest Home Price Insights Report, national home prices in August were up 5.5% from August 2017. This marks the first time since June 2016 that home prices did not appreciate by at least 6.0% year-over-year. CoreLogic’s Chief Economist Frank...

The True Cost of NOT Owning Your Home

by MyHomeIdaho | Oct 9, 2018 | First Time Home Buyers, For Buyers, Move-Up Buyers, Rent vs. Buy |

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for the entirety of America’s existence. Realtor.com reported that: “Buying remains...