60% of buyers paid for their down payment by saving according to the 2019 Profile of Home Buyers and Sellers, recently released in San Francisco at the National Association of REALTORS Convention.  The most difficult step in the process was saving for a down payment cited by 13% of respondents. 51% of those surveyed mentioned […]

The largest expenditure a buyer has when purchasing a home is the down payment which can range from zero for veterans or 3.5%, 5%, 10% and 20%.  With mortgages come closing costs which can be another 2-4% and must be paid at settlement in cash. Most mortgages require an escrow account to pay the property […]

Studies have shown that, in many cases, the largest asset a family owns is the house they live in. Over the last twelve months, that asset has gained substantial value. CoreLogic just released their 2019 3rd Quarter Homeowner Equity Insights Report. The report revealed that: “U.S. homeowners with mortgages (roughly 64% of all properties) have […]

Refrigerators may save your leftovers and produce, but they can spend energy at the same time.  Refrigerators typically account for 13 percent of energy bills, the second-highest expense after air conditioners. It’s one of the only things in your house that is never turned off. According to the FDA, refrigerators should be kept at about […]

Space Foundation Discovery Center 4425 Arrowswest Drive, Colorado Springs, CO 80907 Go celebrate the end of the year at the Holiday Space Bash! Go dressed with your holiday or geeky science sweater for a chance to win a prize. Special guest NORAD will be tracking Santa from 10:00 am-2:00 pm. Event will take place Saturday, […]

Even if Benjamin Franklin never actually used the expression “a penny saved is a penny earned”, the reality is that it has been a sentiment for frugality for centuries.  He did say: “Beware of little expenses; a small leak will sink a great ship.”  At the end of the day, it is not about how […]

Non-owners’ information was also reported in the 2019 Profile of Buyers and Sellers in an effort to understand aspiring buyers.  74% of those surveyed are currently renters and 26% currently live with someone else without having to pay housing costs. Millennials are the largest share of non-owners with GenXers comprising 26% and Younger Boomers at […]