Ben Bear’s Post

🏡 🔑 7 Reasons Buying a Home in Raleigh, NC is Smarter Than Renting 🔑 🏡 Are you debating between renting and buying in Raleigh? Let's explore why homeownership might be the smarter choice: 1. Equity Buildup: Each mortgage payment builds equity, an investment in your future. 2. Stable Monthly Costs: Lock in your monthly housing expenses, avoiding rent increases. 3. Tax Benefits: Enjoy potential tax deductions, like mortgage interest and property taxes. 4. Freedom to Customize: Make your space truly yours with renovations and personal touches. 5. Long-Term Investment: Homes typically appreciate over time, growing your wealth. 6. Sense of Community: Root yourself in Raleigh's vibrant neighborhoods and communities. 7. Pride of Ownership: Experience the pride and security that comes with owning your home. Ready to make the smart move towards homeownership in Raleigh? Let's connect and explore your options! 🏡 💼 #RaleighRealEstate #HomeownershipBenefits #BuyVsRent #RealEstateInvestment

"We are stuck": Homeowners who want to move see no path forward Metro Phoenix homeowners who want to upsize or move to a new neighborhood are coming to terms with an unfortunate reality: They're not going anywhere. Why it matters: People who were lucky enough to break into the housing market before prices and interest rates surged are now unable to move into similar-size or larger homes in the Valley without exponentially increasing their monthly payments. The big picture: First-time homebuyers are taking up a growing share of home purchases as existing owners stay put. https://lnkd.in/grhbGjpY

More young adults are recognizing the value of homeownership and are eager to make their first real estate investment. However, many face challenges in navigating the complexities of the home buying process and securing financing. With rising home prices and stricter lending requirements, this demographic often needs assistance and guidance to achieve their homeownership goals. Whether it's understanding mortgage options, saving for a down payment, or navigating the market, support and education are crucial for young adults to successfully enter the real estate market. As the housing landscape evolves, empowering this group with the right tools and resources will be essential in fostering a new generation of homeowners. Read More: https://lnkd.in/gtS3f6si #YoungHomebuyers #HomeOwnership #FinancialEducation #RealEstate #RealEstateGoals #HomeBuying #HomeSelling #DreamHome #ChicagoRealEstate #ChicagoHomeSale #ChicagoHomes #ChicagoHomesForSale #HomeForSale #EnjoyIllinois #DreamtownRealty #DreamTown #DreamTownAgent #AmericanDream #NorwoodPark #EdisonPark #OriolePark #DesPlaines #RoundLakeBeach #Niles #DympnaFayHart #BellaHartGroup #BellaHartSupport #RealEstateExperts #RealEstateWins

The City of Philadelphia is committed to #affordablehousing. The City is creating more opportunities for generational wealth through homeownership and making it attainable for everyday working Philadelphians. Do you want to buy a home but it seems out of reach? Frustrated with the high cost of the rapidly changing and competitive housing market? Not sure if you have enough savings or the "right" credit score to become a homeowner? If you answered "YES" to any of those questions and you are an income-qualified first-time homebuyer, #PHDC's Turn the Key initiative is for you! TTK provides a pathway to homebuying with housing counseling, a mortgage buydown of up to $75K, settlement/downpayment assistance, a list of preferred lenders to assist you, and the chance to own a BRAND NEW CONSTRUCTION home! Check out some of our buyers who have achieved the dream of homeownership in the slideshow below. You can learn more and even apply by visiting phdcphila.org and clicking on Residents, then Turn the Key. #affordableluxury #affordable #firsttimehomebuyer #homebuying #realestate #homeownership #generationalwealth #construction #newconstruction #developer Grace Sweetman City of Philadelphia Department of Planning and Development Philadelphia Housing Development Corporation

In today’s challenging housing market, a heartwarming trend is emerging: more people are teaming up to buy homes together! 🌟 According to a Credit Karma survey, 28% of potential homebuyers are considering purchasing with family or friends, with Virginia leading the way in co-ownership growth. 📈 Why? It’s about more than just financial strategy—it’s about building a future together. Despite the market's challenges, 42% of non-homeowners still prioritize owning a home, with many open to splitting the purchase with someone other than a partner. 🤝 Sure, there are challenges—money talks and legal agreements can be tricky. But with clear communication and a solid co-ownership agreement, the rewards can be huge. 💰 As a mortgage professional, I’m inspired by those finding creative paths to homeownership. If you’ve ever felt that owning a home was out of reach, consider joining forces with friends or family. Together, we can turn those dreams into reality. 🏡💖 #HomeownershipDreams #SharedOwnership #Community #GenerationalWealth #DreamTogether

This is HUGE news - do not wait on this. You can buy multi-family home for only 5% down now - big change! " In a game-changing move, Fannie Mae has recently announced a significant reduction in down payment requirements for owner-occupied 2-unit, 3-unit, and 4-unit homes. Effective November 18, 2023, the down payment will be just 5%, a substantial decrease from the previous 15-25% requirement for duplexes, triplexes, and four-plexes. This policy shift presents a golden opportunity for aspiring investors and homeowners seeking to combine the benefits of property investment with the perks of homeownership. Lowering the down payment barrier provides immediate benefits: ✔️Buy sooner. Instead of waiting until you’ve saved a 15%-25% down payment, you can start with just 5%. ✔️Live in one unit, rent the other 1-3 units. Use the rent money to pay the mortgage on the building, as well as the associated costs of taxes, insurance, and upkeep. ✔️ Benefit from growth in the entire property’s value, not just the space you occupy." 🔑🔑Want to know what's on the market now? Reach out to me - I have access to off market multi-family properties you won't find scrolling on any of those sites. Our team is the TOP residential real estate teams in the multi-family space - this is key to building your wealth with San Diego real estate and minimizing your mortgage payment! #caldre02138567 #CaliforniaRealtor #RealEstateAgent #Realtor #Compass #MultiFamily #multifamilyrealestate #sandiegorealestate #sandiegorealtor #sandiegorealestate #CompassSanDiego #mortgageoptions Chad Baker - thanks for the article and great summary on this awesome opportunity for buyers https://lnkd.in/ghcKFhP6

Multifamily supply reached a four decade peak last year, but overall housing construction is still too low to meet the demand nationwide. For sale home construction has declined in recent years as mortgage rates and construction financing have challenged home builders. As Orphe Divounguy at Zillow points out in this article, our overall housing demand remains well above the current construction level. Just in the past year, we have expanded the housing shortage by around 400,000 units, and that is with construction reaching a recent peak. With so much pent up demand for housing, both on the rental and for sale side, we will see rents rebound quickly and home prices stay elevated especially as the construction boom slows. However, with few new projects breaking ground this year, I fear our housing shortage will reach another level of severity in 2026, 2027 and beyond. There are no two ways around it, we need to build more housing. Restrictive zoning and land use policies are hurting housing affordability. I expect the topic to be a hot button issue in the coming election season.

Dear Esteemed Professional Network, I wanted to share some exciting developments that could significantly impact both your clients and our collaborative efforts. In recent weeks, we've witnessed a favorable shift in interest rates, with a notable drop from the high seven percent range to the current low six percent range. This reduction opens up a realm of possibilities for prospective homebuyers, providing them with increased purchasing power. It's a pivotal moment in our industry, and I believe our combined efforts can help individuals turn their homeownership dreams into reality. For those on the fence or concerned about the financial aspects of homebuying, I've outlined strategic insights in a detailed article. This piece delves into effective strategies to navigate the current market, assuage concerns, and make informed decisions. I invite you to read the full article (https://lnkd.in/gH2m8xqs) and explore how we can collaborate to support our clients during this opportune time. Should you have any questions or if there's a client you believe could benefit from a more personalized discussion, please don't hesitate to reach out. Your expertise and insights are invaluable, and I look forward to the potential for mutual success in the ever-evolving real estate landscape. 7072174000 😀

Great article and what we do and why it’s important. Talk to your BDM to find out more about how we do it and what opportunities this can bring to you and your clients

Just like when rates starkly came up, they have now starkly come down. This is not a normal market condition by any stretch of the imagination. CEO's at RedFin and Zillow stated things like "its like the low rated are muted" or "the rop has happened to late in the season" MN Metro Housing Info: - The average home price is still climbing with the 7 county metro in minneapolis hovering at $395,000.00 and Hennepin County alone @ $ 425,000.00. - Homes are still appreciating are still appreciating, just not at the clip rate we saw during covid, seasonally at .9% YTD in Hennepin County 2024. Though things may be slow or flat, homes are still where people want to live. Higher Rates have proven this. So if you were on the fence or are still waiting this out. You may want to reconsider as rates potentially drop and more competition enters the market. This may present stubbornly higher home prices as more compete to buy. #housing #realestate #minnesota #minnesotahousing #homebuyertips #mnmortgages #mnmortgagebroker #mnrealestate #mortgagerates #homebuyer #homeseller #refinance #rates.