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Infographics

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC]

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Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | Simplifying The Market

Buying a home can be SCARY…Until you know the FACTS [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

Many potential homebuyers believe they need a 20% down payment and a 780 FICO® score to qualify to buy a home. This stops many people from even trying to jump into homeownership! Here are some facts to help take the fear out of the process:

  • 71% of buyers who purchased homes have put down less than 20%.
  • 78.1% of loan applications were approved last month.
  • In September, the average credit score for approved loans was 737.

Homes Are Selling Quickly [INFOGRAPHIC]

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Homes Are Selling Quickly [INFOGRAPHIC] | Simplifying The Market

Homes Are Selling Quickly [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The National Association of REALTORS® surveyed their members for the release of their Confidence Index.
  • The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are asked about their expectations for home sales, prices, and market conditions.
  • Homes across the country are selling quickly, in an average of just 31 days.
  • 49% of homes sold in less than a month.

What You Need to Know About the Mortgage Process [INFOGRAPHIC]

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What You Need to Know About the Mortgage Process [INFOGRAPHIC] | Simplifying The Market

What You Need to Know About the Mortgage Process [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Many buyers are purchasing homes with down payments as little as 3%.
  • You may already qualify for a loan, even if you don’t have perfect credit.
  • Your local professionals are here to help you determine how much you can afford, so take advantage of the opportunity to learn more.

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC]

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5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | Simplifying The Market

5 Homebuying Acronyms You Need to Know [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Learning the lingo of homebuying is an important part of feeling successful when buying a home.
  • From APR to P&I, you need to know the acronyms that will come up along the way, and what they mean when you hear them.
  • Your local professionals are here to help you feel confident and informed from start to finish…and this infographic will help you as you go.

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC]

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What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | Simplifying The Market

What Is the Cost of Waiting Until Next Year to Buy? [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • The “cost of waiting to buy” is defined as the additional funds necessary to buy a home if prices and interest rates were to increase over a period of time.
  • Freddie Mac forecasts interest rates will rise to 3.8% by Q4 2020.
  • CoreLogic predicts home prices will appreciate by 5.4% over the next 12 months.
  • If you’re ready and willing to buy your dream home, now is a great time to buy.

 

6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC]

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6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC] | Simplifying The Market

6 Graphs Showing the Strength of the Current Housing Market [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Keeping an eye on the current status of the housing market is one of the best ways to make powerful and confident decisions when buying or selling a home.
  • Mortgage rates remaining near historic lows and houses selling in an average of only 29 days are just two key elements driving the strength of today’s market.
  • With the national data shown here, make sure to also determine what’s happening in your local market so you are fully informed when you’re ready to make your next move.

A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC]

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A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] | Simplifying The Market

A+ Reasons to Hire a Real Estate Pro [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Hiring a real estate professional to help you buy your dream home or sell your current house is one of the most powerful decisions you can make.
  • A real estate professional has the experience to help you confidently navigate through the entire process.
  • Make sure you work with someone who knows the current market conditions and can simply and effectively explain them to you and your family.

 

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC]

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A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC] | Simplifying The Market

A Recession Does Not Equal a Housing Crisis [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • There is plenty of talk in the media about a pending economic slowdown.
  • The good news is, home values actually increased in 3 of the last 5 U.S. recessions, and decreased by less than 2% in the 4th.
  • Many experts predict a potential recession is on the horizon. However, housing will not be the trigger, and home values will still continue to appreciate. It will not be a repeat of the crash in the 2008 housing market.