Home Ownership

LUMBER PRICE UNCERTAINTY PERSISTS AS HOUSING MARKET IS POISED FOR EXPANSION

Supply-side limitations, such as mill curtailments and forest fires, coupled with housing strength have caused lumber prices to rise in recent months.   By Vincent Salandro Adobe Stock While the lumber outlook was bearish as recently as a few months ago, changes in the market that impacted supply—including mill curtailments and forest fires—and housing strength caused…

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Homeownership is Closer Than You Think- Downpayment Assistance

We’re always asked if we have lenders with access to downpayment assistance.  The answer is yes.  All of our lender partners have access to downpayment assistance, but our in house broker at Kale Realty has a near Nationwide Downpayment Program.  The short 7 minute video below explains the 3 programs. 3.5% Forgivable downpayment assistance- Princeton…

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Why we don’t really want U.S. Debt Default

U.S. Debt Default Could Spike Home Buying Costs by 22 Percent A Debt Default Would Immediately Overwhelm Buyers With 8 Percent Or Higher Mortgage Rates Based on new research by Zillow, the U.S. government defaulting on its debt, which could become a reality as soon as June 1, 2023 without intervention, could send the typical…

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MBS Highway’s May 2023 Housing Survey

More than half of respondents are now seeing home price increases. MBS Highway’s May 2023 Housing Survey showed that home prices have passed an inflection point and are moving higher. This marks the 5th-straight month of improving activity levels and sentiment. 72% of respondents characterized their local buyer activity as ‘Very Active”, ‘Somewhat Active’, or…

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Middle-income Homeowners Gained More Than $120,000 in Wealth Over the Past Decade From Home Appreciation

KANSAS CITY, Mo. (April 18, 2023) – A new housing report by the National Association of Realtors® reveals middle-income homeowners accumulated $122,100 in wealth as their homes appreciated by 68% in the last 10 years. The report, Wealth Gains by Income and Racial/Ethnic Group, speaks to the value agents and Realtors® bring to consumers when helping…

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First-Time Home Buyer !!! – Why Buy Now?

Why it’s always smart to consider a buying a home Some information for the first-time homebuyer. You can use your federal tax refund and turn it into a down payment on your dream home There are down payment assistance programs out there like MSHDA where they can potentially receive up to $10,000 in down payment assistance while potentially putting…

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