S & R Properties
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There are many non-financial benefits of buying your own home. However, today’s headlines seem to be focusing primarily on the financial aspects of homeownership – specifically affordability. Many articles are making the claim that it’s not affordable to buy a home in today’s market, but that isn’t the case. Today’s buyers are spending approximately 20% of their income on …
Diving Deep into Today’s Biggest Buyer Concerns Last week, Fannie Mae released their Home Purchase Sentiment Index (HPSI). Though the survey showed 77% of respondents believe it’s a “good time to sell,” it also confirms what many are sensing: an increasing number of Americans believe it’s a “bad time to buy” a home. The percentage of those surveyed saying …
Home price appreciation continues to accelerate across the United States. Realtors in the Worcester, Ma. area continue to see customers bidding-up home prices on many properties. In my 30 years of real estate experience I have never seen a more active market. Property owners who are thinking of selling their homes should take advantage of the …
Many people are sitting on the fence trying to decide if now’s the time to buy a home. Some are renters who have a strong desire to become homeowners but are unsure if buying right now makes sense. Others may be homeowners who are realizing that their current home no longer fits their changing needs. To …
Real estate supply in Worcester County Ma. is at an all time low. At the beginning of the year, industry forecasts called for home price appreciation to slow to about half of the double-digit increase we saw last year. The thinking was that inventory would increase from record-low levels and put an end to the bidding …
There has been a lot of discussion as to what will happen once the 2.3 million households currently in forbearance no longer have the protection of the program. Some assume there could potentially be millions of foreclosures ready to hit the market. However, there are four reasons that won’t happen. 1. Almost 50% Leave Forbearance …
If you’ve given even a casual thought to selling your house in the near future, this is the time to really think seriously about making a move. Here’s why this season is the ultimate sellers’ market and the optimal time to make sure your house is available for buyers who are looking for homes to purchase. The latest Existing Home Sales Report from The …
Where Have All the Houses Gone? In today’s housing market, it seems harder than ever to find a home to buy. Before the health crisis hit us a year ago, there was already a shortage of homes for sale. When many homeowners delayed their plans to sell at the same time that more buyers aimed …
Buy Your Home for Living – Not a Retirement Investment For decades Americans purchased homes as a major part of the American Dream. You buy a home, maintain it, maybe upgrade it a bit, and someday you can sell it and have a chunk of money for retirement. Homes appreciated nicely for decades, up until …
Buying a home is an exciting and worthwhile investment. Home ownership is a big financial commitment, and mistakes can be costly. Here are some of the most common mistakes to avoid when purchasing a home. 1) Buying a House You Can’t Afford When you take on a mortgage, it’s not always wise to borrow the …
