The Dunnican AdVantage

Interest Rates Hit New 12 Month Low!

Rates like these haven’t been seen since February 2018!
Posted by Cindy Dunnican on February 27, 2019 in  2019 Housing Market  Buying A Home  Interest Rates  Mortgage Loans
Interest Rates Hit New 12 Month Low! According to Freddie Mac’s Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at their lowest for 2019. Rates like these haven’t been seen since February 2018! Last week’s survey results reported an interest rate of 4.35%. This is a welcome change from the near 5% rates seen in mid-November. At 4.32%, the second week of February 2018 was the last time rates were this low. This can be seen in the chart belo... read more
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What are the Benefits of Becoming a Homeowner?

Homeownership is not just a roof over your head! It represents shelter, stability, wealth, and pride!
Posted by Cindy Dunnican on February 26, 2019 in  Building Wealth  Buying A Home  First Time Home Buyer  Home Ownership
What are the Benefits of Becoming a Homeowner? Every family has a list of important dates. We celebrate birthdays, anniversaries, pet adoptions…and the list goes on. For 64.4 percent of households in the United States, this list includes the day they became a homeowner for the first time! Why is this date important? Homeownership is not just a roof over your head! It represents shelter, stability, wealth, and pride! For decades, homeownership has been an important part of the American Dream! Howe... read more
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How Can I Increase My Family’s Net Worth?

Numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter.
Posted by Cindy Dunnican on February 25, 2019 in  Building Wealth  Buying A Home  Owning A Home  Rent vs. Buy
How Can I Increase My Family’s Net Worth? Every three years, the Federal Reserve conducts their Survey of Consumer Finances. Data is collected across all economic and social groups. The latest survey data covers 2013-2016. The study revealed that the median net worth of a homeowner is $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013). These numbers reveal that the net worth of a homeowner is ... read more
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3 Reasons Why We Are Not Heading Toward Another Housing Crash

With home prices softening, some are concerned that we may be headed toward the next housing crash
Posted by Cindy Dunnican on February 22, 2019 in  2019 Housing Market  Foreclosure Inventory  Housing Prices  Mortgage Loans  Real Estate Market Forecast
3 Reasons Why We Are Not Heading Toward Another Housing Crash With home prices softening, some are concerned that we may be headed toward the next housing crash. However, it is important to remember that today’s market is quite different than the bubble market of twelve years ago. Here are three key metrics that will explain why: Home Prices Mortgage Standards Foreclosure Rates HOME PRICES A decade ago, home prices depreciated dramatically, losing about 29% of their value over a four-year period (2008-201... read more
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Why A Normal Market is Just What We Need

Homeowners looking to sell their home will have buyers, as more buyers will be able to afford them!
Posted by Cindy Dunnican on February 21, 2019 in No Category
Why A Normal Market is Just What We Need The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home prices to new heights. Home price appreciation averaged over 6% across the country. However, home price growth has recently started to cool down. The latest report from ... read more
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