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April 2018

Found 3 blog entries for April 2018.

61% of First-Time Buyers Put Down Less than 6% | MyKCM

The National Association of Realtors claims the majority of first time home buyers put down less than 10% when purchasing a home. This trend started to occur in 2016 has yet to slow down.

Most of the younger generation thinks it is vital to put down 20%. This is what our parents told us, and our education system. But let the truth be told you may be way closer to being able to purchase your home than you think. The median down payment in 2017 was 10% across the board and dropped to 6% for first time home buyers.

Aaron Terrazas’ a senior analyst from Zillow says this is why buying demand has remained so strong in 2017.

With rents rising across the board in almost every state throughout the country, more and more first time home

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In this blog, we will discover the benefits of homeownership.Owning a home is the American dream. a home not only provides financial benefits it also provides shelter and security to families.

Did you know:

-Homeowners move less often and are more likely to vote and volunteer time for political and charitable causes?

-Children of homeowners tend to perform better in school and attain high levels of education than children of parents who don't own a home?

-The average return on a 5% down payment over 10 years is usually three to five times greater than stock market returns?

-When you own a home you may be able to deduct property taxes and mortgage interest from your income?

-In most cases the gains that you make when you sell

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1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory has declined year over year for the last 32 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is good news for

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