Homeownership Is a Key to Building Wealth

by MyHomeIdaho | Nov 11, 2020 | For Buyers, For Sellers, Pricing, Rent vs. Buy

For years, real estate has been considered the best investment you can make. A major reason for this is due to the net worth a household gains through homeownership. In fact, according to the 2019 Survey of Consumer Finance Data from the Federal Reserve, for the...

Rent vs. Buy: How to Decide What’s Best for You

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...

Should I Renovate My House Before I Sell It? [INFOGRAPHIC]

by MyHomeIdaho | Oct 31, 2020 | For Sellers, Infographics, Pricing, Selling Myths

Some Highlights In today’s hyper-competitive market, buyers are often willing to overlook cosmetic or minor repair needs if it means snagging a home in their price range. With so few houses available for sale today, you may be able to skip the bigger renovations...

Three Ways Low Inventory Is a Win for Sellers

by MyHomeIdaho | Oct 30, 2020 | For Sellers, Housing Market Updates, Pricing

The number of houses for sale today is significantly lower than the high buyer activity in the current housing market. According to Lawrence Yun, Chief Economist for the National Association of Realtors (NAR): “There is no shortage of hopeful, potential buyers,...

Two Important Impacts of Home Equity

by MyHomeIdaho | Oct 27, 2020 | For Buyers, For Sellers, Move-Up Buyers, Pricing

Equity continues to rise, helping American homeowners secure a much more stable financial future. According to the most recent data from CoreLogic, the average homeowner gained $9,800 in equity over the past year. In addition, experts project 2020 home prices to...

Home Values Projected to Keep Rising

by MyHomeIdaho | Oct 23, 2020 | For Buyers, For Sellers, Pricing

As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the...