December 13, 2019
Four Reasons to Buy a Home Now
Homeownership has long been an essential part of the American dream. But it also is likely to be one of the biggest and most difficult financial decisions a person will make in their life. Here are four important reasons why right now may be the ideal time to buy. In addition, be sure to download and share the piece below.
Reason 1: Homeownership is a key to building wealth
According to the Federal Reserve Bank’s 2016 Survey of Consumer Finances, homeowners are—on average—46 times wealthier than renters.*
Reason 2: Enjoy more financial flexibility in retirement
Whether it’s building equity for later in life or to take out a line of credit for home improvements in the meantime, homeownership can give borrowers financial flexibility.
Reason 3: You do not need a 20% down payment
One of the biggest myths first-time home buyers encounter is that a 20% down payment is required. In reality, by taking advantage of PMI, borrowers can lock in historically low interest rates with a down payment as low as 3%.
Reason 4: There's never been a better time
Interest rates, currently down almost 40% from their post-housing bubble high of 6.48% in 2008, are at historic lows.
*Source: federalreserve.gov. https://www.federalreserve.gov/econres/scfindex.htm
7.9% Year-Over-Year Increase in Median Prices According to the New Radian Home Price Index
In data released in September 2019, the Radian Home Price Index (HPI) showed a 7.9 percent year-over-year increase in median values.
Understanding Alternative Valuation Types
There are a variety of valuation products on the market that vary in complexity. Read more about the different valuation options available.
Transformation in the Valuation Industry Webinar
Watch our experts help you ensure you are leveraging effective tools to improve the accuracy of your valuations and manage cost.
Minority Household Growth is an Opportunity for Mortgage Lenders
Read about the growing segment of minority borrowers and see how lenders can better serve their homeownership needs.
Demo: Radian Real Estate Analytics Portal
Learn about the latest advances in housing intelligence, including computer vision artificial intelligence.
Top 5 Misconceptions Keeping Millennials from Homeownership
Read how to address the top 5 misconceptions that are keeping Millennials from purchasing their first home.
Tips for Loan Officers Working from Home
Download this infographic that highlights a few tips to help you stay productive while working from home.
5 Work-from-Home Wellness Strategies
Working from home can, over time, leave you feeling down. Check out these five work-from-home wellness strategies to help you cope.
Key Industry Takeaways from the 2019 NPL Conference
Read our key takeaways from the 2019 NPL, Notes & Default Servicing Forum event in Fort Lauderdale, Florida.
Radian Home Price Index Reveals Significant 2019 Increase
2019 had the fifth strongest home price increase nationally since 2000 and the largest annual increase since 2006, rising 6.96 percent.