by Wells Funding Group | May 1, 2023 | Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy
Wondering if you should continue renting or if you should buy a home this year? If so, consider this. Rental affordability is still a challenge and has been for years. That’s because, historically, rents trend up over time. Data from the Census shows rents have been...
by Wells Funding Group | Apr 28, 2023 | First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing
Some HighlightsWith so few homes on the market right now, widening the scope of your search to include nearby areas could help you find more options in your budget.You can also work with a trusted lender to consider alternative financing options and search for down...
by Wells Funding Group | Apr 26, 2023 | First Time Home Buyers, For Buyers, Housing Market Updates, Interest Rates, Move-Up Buyers, Pricing
There’s been a lot of focus on higher mortgage rates and how they’re creating affordability challenges for today’s homebuyers. It’s true that rates climbed dramatically since the record-low we saw during the pandemic. But home affordability is based on more than just...
by Wells Funding Group | Apr 24, 2023 | First Time Home Buyers, For Buyers, Move-Up Buyers
If you’re buying a home this spring, today’s housing market can feel like a challenge. With so few homes on the market right now, plus higher mortgage rates, it’s essential to have a firm grasp on your homebuying budget. You’ll also need a sense of determination to...
by Wells Funding Group | Apr 21, 2023 | First Time Home Buyers, For Buyers, Infographics, Move-Up Buyers
Some HighlightsSince inflation is increasing the cost of goods and services, it may make sense to look for an energy-efficient home.Energy prices have increased over the last year, so look for energy-efficient features in your home search.If you’re looking to buy a...
by Wells Funding Group | Apr 18, 2023 | Demographics, First Time Home Buyers, For Buyers, Millennials
In the United States, there are over 72 million millennials. If you’re part of that generation and have thought about buying a home, you aren’t alone. According to Zonda, 98% of millennials want to become a homeowner at some point if they aren’t already. But why?...
