by MyHomeIdaho | Nov 4, 2020 | Buying Myths, First Time Home Buyers, For Buyers, Pricing, Rent vs. Buy
According to the U.S. Census Bureau, median rent continues to rise. With today’s low mortgage rates, there’s great opportunity for current renters to make a move into homeownership that stretches each dollar a little bit further. While the best timeline to...
by MyHomeIdaho | Oct 28, 2020 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers
Many people are eager to buy a home right now while affordability continues to be a highlight of the current housing market. However, a recent survey by Sparks Research shows that 20% of first-time homebuyers cite a lack of financial education as a barrier to...
by MyHomeIdaho | Oct 14, 2020 | Buying Myths, Down Payments, For Buyers, Millennials, Pricing
One of the biggest misconceptions for first-time homebuyers is how much you’ll need to save for a down payment. Contrary to popular belief, you don’t always have to put 20% down to buy a house. Here’s how it breaks down. A recent survey by...
by MyHomeIdaho | Mar 18, 2020 | Buying Myths, Demographics, Down Payments, First Time Home Buyers, For Buyers, Gen Z, Millennials
The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: “The majority of millennials not only want to own a home, but 84% of millennials in 2019 considered it a major...
by MyHomeIdaho | Mar 3, 2020 | Buying Myths, Down Payments, First Time Home Buyers, For Buyers
If you’re looking to buy a home in 2020, have you thought about putting your tax refund toward a down payment? Homeownership may be one step closer than you think if you spend your dollars wisely this year. Based on data released by the Internal Revenue...
by MyHomeIdaho | Feb 21, 2020 | Buying Myths, For Buyers, Interest Rates, Pricing
After over a year of moderating home prices, it appears home value appreciation is about to reaccelerate. Skylar Olsen, Director of Economic Research at Zillow, explained in a recent article: “A year ago, a combination of a government shutdown, stock...
