The Dunnican AdVantage

How to Get a Better Perspective on Affordability

Buying a home is less affordable today than it was at any other time in more than a decade
Posted by Cindy Dunnican on February 07, 2019 in  2019 Housing Market  Buy a home  Financing  Home Buyers  Home Buying  mortgage
How to Get a Better Perspective on Affordability Headlines spotlight the fact that buying a home is less affordable today than it was at any other time in more than a decade. Those headlines are accurate. Understandably, buying a home is more expensive now than immediately following one of the worst housing crashes in American history. Over the past decade, the market was flooded with distressed properties (foreclosures and short sales) selling at 10-50% discounts. There were so many that this lowered the prices ... read more
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Saving for a down payment is often the biggest hurdle for a first-time homebuyer as median incomes, rents, and home prices all vary depending on where you live. There is a common misconception among homebuyers that a 20% down payment is required, and it is this limiting belief that often adds months, and sometimes even years, to the home-buying process. So, if you can purchase a home with less than a 20% down payment… why aren’t more people doing just that? One Possible Answer: Private Mortgage In... read more
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Why Real Estate Investing Makes (Dollars and) Sense

Tried-and-true tactics that can be used to increase your income, pay off debt … even fund your retirement!
Posted by Cindy Dunnican on October 10, 2017 in  Affordability  buying a home  Financing  Home Ownership  Investors  Mortgage Loans  Real Estate Investing
Turn on the television or scroll through Facebook, and chances are you’ll see at least one advertisement for a group or “guru” who promises to teach you how to “get rich quick” through real estate investing. The truth is, much of what they’re selling are high-risk tactics that aren’t a good fit for the average investor. However, there is a way to make steady, predictable, low-risk income through real estate investing. In this blog post, we’ll examine the tried-and-tru... read more
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7 Reasons Buying Beats Renting

Discover the advantages home buyers have in today’s market that renters are missing out on.
Posted by Cindy Dunnican on July 28, 2017 in  Affordability  Buyers  buying a home  Financing  Mortgage Loans
In most parts of the country, home buying is better than renting. Discover the advantages home buyers have in today’s market that renters are missing out on. BY: ALEXANDRA FILIACI Why Buying a Home is Better than Renting Conventional wisdom used to state that buying a home is always a great investment. But after the housing crisis, many people who saw their equity sliced in half began questioning this logic. That’s unfortunate. In most parts of the U.S., home buying is still a better decision than... read more
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What's Your Home Buying Power?

Buying Power Defined
Posted by Cindy Dunnican on June 15, 2017 in  Affordability  Buyers  buying a home  Financing  Mortgage Loans
What’s Your Home Buying Power?             If you’re in the market for a new home or investment property, one of the first questions you’ll probably ask is, “What can we afford?” Many buyers become so caught up in how much they can afford that they don’t realize their total buying power—that is, the total amount of purchasing potential they actually have.   Buying Power Defined Your buying power is comprised of ... read more
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