Buying Myths | David M. Floyd

Fact or Fiction: Homebuyer Edition [INFOGRAPHIC]

by David Floyd | Sep 11, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Infographics, Interest Rates, Move-Up Buyers, Pricing

Some Highlights When it comes to the current housing market, there are multiple misconceptions – from what the current supply of available homes looks like to how much houses are selling for. It takes professionals who study expert opinions and data to truly...

What You Can Do Right Now To Prepare for Homeownership

by David Floyd | Sep 5, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Rent vs. Buy

As rent prices continue to soar, many renters want to know what they can do to get ready to buy their first home. According to recent data from ApartmentList.com: “The first half of 2021 has seen the fastest growth in rent prices since the start of our estimates in...

What Buyers and Sellers Need To Know About the Appraisal Gap

by David Floyd | Sep 5, 2021 | Buying Myths, For Buyers, For Sellers, Housing Market Updates, Pricing

It’s economy 101 – when supply is low and demand is high, prices naturally rise. That’s what’s happening in today’s housing market. Home prices are appreciating at near-historic rates, and that’s creating some challenges when it comes to home appraisals. In recent...

More Young People Are Buying Homes

by David Floyd | Aug 21, 2021 | Buying Myths, Demographics, First Time Home Buyers, For Buyers, Gen Z, Housing Market Updates, Millennials, Rent vs. Buy

There’s a common misconception that younger generations aren’t interested in homeownership. Many people point to the fact that millennials put off purchasing their first home as a reason for this belief. Odeta Kushi, Deputy Chief Economist for First American, explains...

Are Houses Less Affordable Than They Were in Past Decades?

by David Floyd | Aug 17, 2021 | Buying Myths, For Buyers, Interest Rates, Pricing

There are many headlines about how housing affordability is declining. The headlines are correct: it’s less affordable to purchase a home today than it was a year ago. However, it’s important to give this trend context. Is it less expensive to buy a house today than...

Looking for a Place To Call Home? Consider a Condominium.

by David Floyd | Aug 17, 2021 | Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Pricing

It’s no secret that one of the top stories in today’s real estate market is low housing supply and high buyer demand. If you’re a first-time buyer looking for a starter home or are someone who’s interested in downsizing, it may be worth considering a condominium...