The largest and most overwhelming purchase most people will ever make is in a new home. When it comes to making this decision there is a vast amount of information available. To get an overview of the state of housing The following resources will help you better understand the facts and figures surrounding homeownership.
There are various arguments for why you should or why you should never purchase a home. One of the best articles containing up-to-date facts and figures is from the website Accidental Fire titled, Have We Reached Peak Home Bloat? This article gives you statistics on how the average home size has ballooned in recent years while the average household occupants have declined and how his phenomenon has negatively impacted our financial lives and families. There are many other statistics in the article that will surely catch your attention.
Before You Buy
Before you purchase your first home be sure to take a look at the housing trends in your area as well as the State of the Nation’s Housing. At the same time, you might find it helpful to read 2 Years of Home Ownership – The Good, The Bad and The Ugly which will give you some insight into one perspective from relatively new homeowners.
Real Estate Agents
For current or future real estate agents – a paragraph in an article from My Journey To Millions caught our attention.
“Our first inclination was to put it on Zillow’s “Make me Move.” We didn’t get the traction or responses we thought. Side note: I don’t think the market is there yet, but realtors hear me now, this service and others like it are your future. Being a real estate agent in 2028 years is going to be the equivalent of a taxi driver in 2018”
One of the reasons real estate agents still have a grasp on real estate is because of how much realtors are embedded in local communities. The trend towards more efficient, cheaper, technology-driven solutions within the real estate space will only continue to grow.
Mortgages & Mortgage Brokers
After familiarizing yourself with the different types of mortgages you can then move onto looking into any number of different places to get a mortgage. Shopping around for the best mortgage can be a challenge but here are 5 Money-Saving Tips Your Mortgage Broker Doesn’t Want You To Know.
After becoming aware of these 5 tips it's time to get the best mortgage rate and experience you are able to get! In order to do that, be sure to read and take notes on “How To Fail At Getting The Lowest Mortgage Interest Rate Possible”
The piece that is often missing and barely ever mentioned is the significant benefit you can get from taking out a non-traditional 30-year mortgage and instead of going for a 15-year. Chief Mom Officer goes into the specific details about why she loves her 15-year mortgage and why you should strongly consider a 15-year over a 30-year mortgage when shopping for a mortgage. Better yet – here is why you should aim to pay off your mortgage in as little as 10 years!
The FinTech Impact
Technology will continue to impact high margin, arduous industries. It is hard to think of a more laborious industry than real estate. Zillow is a household name that has started to bring to light real estate data once confined to multiple listing services controlled by local boards of realtors but there are now many others entering the real estate industry taking on and improving various aspects of a real estate transaction and the housing industry as a whole. As we begin to enter the next decade TechCrunch takes a look at the last decade and takes a peek into what is in store for the next decade in real estate.