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Category: Move-Up Buyers

    You May Not Need as Much as You Think for Your Down Payment [INFOGRAPHIC]

    By Tribeca NW | February 3, 2023

    Some Highlights Many people believe you need to put down 20% of the purchase price when you buy a home. But recent homebuyers actually put down far less on their purchase. And with programs like FHA loans, VA loans, and USDA loans, some qualified buyers are able to put down as little as 0-3.5%. Read More

    Lower Mortgage Rates Are Bringing Buyers Back to the Market

    By Tribeca NW | January 31, 2023

    As mortgage rates rose last year, activity in the housing market slowed down. And as a result, homes started seeing fewer offers and stayed on the market longer. That meant some homeowners decided to press pause on selling. Read More

    Where Will You Go If You Sell? You Have Options.

    By Tribeca NW | January 30, 2023

    There are plenty of good reasons you might be ready to move. No matter your motivations, before you list your current house, you need to consider where you’ll go next. Read More

    Homeownership Builds Your Wealth over Time [INFOGRAPHIC]

    By Tribeca NW | January 27, 2023

    Some Highlights If you’re thinking of buying a home this year, be sure to factor in the long-term benefits of homeownership. On average, nationwide, home prices appreciated by 288.7% over the last 32 years. That means homeowners grow their net worth significantly in the long term. Read More

    Why It Makes Sense To Move Before Spring

    By Tribeca NW | January 26, 2023

    Spring is usually the busiest season in the housing market. Many buyers wait until then to make their move, believing it’s the best time to find a home. However, that isn’t always the case when you factor in the competition you could face with other buyers at that time of year. If you’re ready to buy a home, here’s why it makes sense to move before the spring market picks up. Read More

    The 3 Factors That Affect Home Affordability

    By Tribeca NW | January 24, 2023

    If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive, Deputy Chief Economist at CoreLogic, shares: Read More

    Pre-Approval in 2023: What You Need To Know

    By Tribeca NW | January 19, 2023

    One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: Read More

    Think Twice Before Waiting for 3% Mortgage Rates

    By Tribeca NW | January 17, 2023

    Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Read More

    Key Terms To Know When Buying a Home [INFOGRAPHIC]

    By Tribeca NW | January 13, 2023

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    What Are Your Goals in the Housing Market This Year?

    By KCM Crew | January 2, 2023

    If buying or selling a home is part of your dreams for 2023, it’s essential for you to understand today’s housing market, define your goals, and work with industry experts to bring your homeownership vision for the new year into focus. In the last year, high inflation had a big impact on the economy, the […] Read More

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