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July 2015

Found 3 blog entries for July 2015.

First-time homebuyers are flocking to the housing market in greater numbers than any time in the last few years. Renters who are ready and willing to buy are now realizing that they are also able to as well. Many first-time buyers are Millennials (born between 1981 – 1997).

If you are one of the many in this generation who sees your friends and family diving head first into the real estate market, and wonder if now is the time for you to do the same, keep reading!

The Cost of Waiting to Buy is defined as the additional funds it would take to buy a home if prices and interest rates were to increase over a period of time.

Let’s look at an example of what the experts are predicting for the upcoming year, and what that really would mean for you.

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It is a fact, in certain cities price ranges in Hampton Roads conditions favor the Seller. However, the "cost" of a loan heavily favors the Buyer. The best homes, in top condition, often do not make it through the first weekend on the market before being snatched up. Be looking for our follow up on how these factors affect Buyer's and Seller's in Virginia Beach and Chesapeake as well as other Hampton Roads Cities.

The inaugural Opportunity Cost Report was released recently by realtor.com. The report explained that “with interest rates and home prices expected to climb in the next year, the financial penalties of delaying or forgoing a home purchase in today's market have become very steep”.

The report estimates that, based on today's dollars, the

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