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As first-time homebuyers try to muscle their way into today’s highly competitive housing market, many are finding themselves priced out of buying — but renting offers little relief.  Nationally, the median mortgage payment for mortgage applications submitted in February 2022 was $1,653, up from $1,316 a year earlier, according to the Mortgage Bankers Association (MBA).  This $337 or 26% increase is thanks to both the…

Mental health <> Realizing Home Ownership Factors that impact the process Low income Credit score Lack of education  Fear  Threat of being discriminated against  Body becomes tense, tenses up and then when you realize how daunting the task may be, you shut down the idea and move about your day. Why Black Homeownership Matters  Homeownership has been the most effective…

Multiple listing service (MLS) inventory has risen from the historic low reached at the end of 2021. After two years of steep decline, for-sale inventory in California’s largest metros averaged just 1% below a year earlier as of May 2022, according to data from Zillow. The winter months typically see the lowest inventory of homes for sale, peaking around mid-year.  The inventory…

If you own real estate or are thinking of buying real estate then you better pay attention, because this could be the most important message you receive this year regarding real estate and your financial future. The last five years have seen explosive growth in the real estate market and as a result, many people believe that real estate is…