Monday, November 23, 2020 / by Byron Brenes
Ever wish you could become one of those rare morning people? The ones that wake with a start, feeling refreshed and energized. The ones that get in that morning workout or wrap up some work before many of us even hit the snooze button for the first time. Here are five tips to help you achieve that early bird status!
1. Create a morning schedule. Physically write down the things you’d like to complete in the morning and set a time for each. Then stick with it. Once you force yourself out of bed early one or two weeks consistently, you’ll find it gets easier and easier to do.
2. Let the light in. Whether natural or artificial, light tells your brain its time to get up and get going. If your room lacks large windows where you can open the blinds up, consider investing in a timed lamp or alarm clock with light.
3. Prep and eat breakfast. Although there are many of us who chose the skip breakfast, it is key to perking up your energy in the morning. Try prepping protein-focue ...
Sunday, November 22, 2020 / by Byron Brenes
A rapidly growing number of millennials are jumping into the real estate market. Prior to Covid-19, Realtor.com predicted that millennial mortgage purchases would make up more than 50% of all new home loans this year. Even with the effects of the pandemic, millennials still managed to purchase homes. For many of them, their motivation to buy falls into the “don’t want to miss it” category. Some are fearful that they will miss out on record-low interest rates and want to buy a home before already high prices climb any further.
This enthusiasm is often tempered by the fact that the home buying process can be intimidating and overwhelming. Not only are millennials faced with the difficulties of the traditional process, but a recent Realtor.com study found that 71% of millennials expect at least some competition during their home search.
If you’re a first-time buyer, here are seven tips that can help demystify the process.
1. e ...
Saturday, November 21, 2020 / by Byron Brenes
While mortgage rates remain at record lows, home prices are rising in more areas across the country.
The nation's median existing single-family home price climbed to $313,500 in the third quarter, up 12% from a year ago, according to a report from the National Association of Realtors. At that price, a family would need to pay $1,059 for a monthly mortgage payment and would need to earn $50,819 a year to afford it.
Home prices grew four times as fast as median family income, which increased at a rate of 3%.
The median sale prices of existing single-family homes rose from a year ago in all 181 metro areas measured in the report, and 65% saw double-digit price gains.
Prices are rising largely due to the combination of low mortgage rates that are attracting buyers, and a limited supply of available homes to buy.
"Favorable mortgage rates will continue to bring fresh buyers to the market," said Lawrence Yun, NAR chief economist. "However, the affordabi ...
Friday, November 20, 2020 / by Byron Brenes
When the coronavirus pandemic first reached U.S. shores earlier this year, worries abounded about how it would affect the country’s housing market.
Starting in March, home sales all but ground to a halt as Americans stayed at home to avoid getting sick. All the while, mortgage rates turned lower — and lower and lower. The nation saw the beginnings of a boom in refinancing activity, as homeowners welcomed the lowest interest rates on record.
A few months later, home-buying activity resumed with abandon. With low mortgage rates locked-in and a desire for more space amid the pandemic, Americans flooded the housing market in search of new homes. Even now in the fall, when home sales activity typically slows down with the cooler weather, Americans are still buying properties well ahead of last year’s pace.
In many ways, the pandemic has driven this home-buying craze, experts say. “This has been an accelerant to lifestyle and behavior changes ...
Thursday, November 19, 2020 / by Byron Brenes
Every morning, Doris commuted to her Boston job from her suburban home because, simply put, “I can’t afford Boston rents.”
This may soon change. The suburbs are rebounding faster than the cities from the depressing effect the pandemic has exerted on American housing. A new report from the Apartment List, a national platform for apartment listings, shows that while many large cities are getting cheaper, rents are actually rising in surrounding suburban communities.
Following the COVID-19 pandemic and ensuing economic downturn, rental markets across the country experienced an uncharacteristic decline in rent prices. Nationally, rents dropped 1.3 percent from March to June, a time period when rent prices rose roughly 2 percent in each of the three previous years.
“Early on, when the guidance was to shelter in place and all the news attention and people’s mindset shifted toward the pandemic, we saw a huge reduction in the quantity of people who were me ...