Found 4 blog entries tagged as Buying.

The Buy Now vs. Wait Calculator

Just in time for National Homeownership Month, MGIC’s Buy Now vs. Wait Calculator gives first-time homebuyers a clear comparison of the financial impact of buying now versus waiting to save for a 20% down payment.  Waiting might lower your future mortgage payment, but rent doesn’t build equity — and there’s no guarantee rates, prices, or inventory will improve. This tool gives you an instant, detailed breakdown to help you make a confident decision.

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30 years of National Homeownership Month 

Homeownership remains a cornerstone of the American Dream — but getting started can feel overwhelming. Nearly 1 in 4 Gen Z and Millennial adults say they’re anxious about where to begin and who to trust. And 69% of U.S. adults mistakenly believe mortgage rates are at all-time highs. Add Redfin’s headline about “500,000 more sellers than buyers,” and hesitation is understandable. But here’s what’s missing:

  • 72% of renters are more worried about rising rents and their long-term finances.

  • While rates are up from pandemic lows, they’re still under the historical average of 7.7%; and projected to dip in the year ahead.

  • 22 of the top 50 metro areas have returned to…

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Gen Z Homeowners? Believe It. Here’s How:

Generation Z is actively pursuing homeownership, and they are employing innovative strategies to navigate the financial challenges and a competitive housing market. Defined as those born in the years between 1997 and 2012, they comprise only about 3% of current home buyers, but Gen Z’ers are entering the market earlier than previous generations. Notably, 27.8% of 24-year-old Gen Z’ers own homes, surpassing the 24.5% of millennials and 23.5% of Gen X’ers who owned homes at the same age. Here’s how they’re doing it:

  • Rent-vesting: Buying in less expensive areas while renting in cities, aka equity growth without relocation.

  • House Hacking: Purchasing properties with multiple…

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Top 10 States Gaining and Losing Residents

With high home prices and rising interest rates dominating the 2024 housing market, many homeowners stayed put. For those who moved, their destinations were surprising.  Atlas Van Lines' 2024 Migration Patterns Study analyzed nationwide moving trends between Nov. 1, 2023, and Oct. 31, 2024. By tracking mover shipments, states were categorized as “outbound” (more people leaving), “inbound” (more people arriving), or “balanced” (nearly even inflow and outflow). Here’s what they found:

Top Inbound States

  1. Arkansas

  2. Rhode Island

  3. North Carolina

  4. Maine

  5. New Hampshire

  6. Montana

  7. Washington

  8. Arkansas

  9. Florida

  10. …

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