How Fast Can You Save for a Down Payment?

Saving for a down payment is often the biggest hurdle for a first-time homebuyer. Depending on where you live, median income, median rents, and home prices all vary. So, we set out to find out how long would it take you to save for a down payment in each state? Using data from the United States Census Bureau and Zillow, we determined how long it would take, nationwide, for a first-time buyer to save enough money for a down payment on their dream home. There is a long-standing ‘rule’ that a household should not pay more than 28% of their income on their monthly housing expense. By determining the percentage of income spent renting a 2-bedroom apartment in each state, and the amount needed for a 10% down payment, we were able to establish how long (in years) it would take for an average resident to save enough money to buy a home of their own. According to the data, residents in Iowa can save for a down payment the quickest in just under 2 years (1.99). Below is a map created using the data for each state:

What if you only needed to save 3%?

Read More Click below

Keith Kreis Real Estate News - How Fast Can You Save for a Down Payment?

Process of Buying a House - Learn From keith Kreis

Process of Buying a House

Million dollar Homes in Naperville

View all of the Million Dollar Homes in Naperville. When you can choose any home why not choose the VERY Best. Naperville voted the second best place in the country to live.  See Price, Photos, Monthly Mortgage Payments , Info, & more...Click Here link https://goo.gl/9RTI3Z to view all active listed properties currently over 100 active listed homes currently ,with daily updates.

Realtor keith Kreis

PH:630-281-2507

Cell: 630-673-0306

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Zillow5 Star Premier Agent

TOP 1% On Trulia of All Agents on Trulia " Best of Trulia"

2014,2015,2016 Five Star Agent

"As Featured in Chicago Magazine"

Top 3% for client satisfaction out of 42,000 agents in IL

​www.keithkreis.com

Charles Rutenberg Realty

3135 Book Rd.

Naperville, IL 60564

Careful…Don’t Get Caught in the Rental Trap!

There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage.

 

Many first-time homebuyers who believe that they need a large down payment may be holding themselves back from their dream home. As we have reported before, in many areas of the country, a first-time home buyer can save for a 3% down payment in less than two years. You may have already saved enough!
Don’t get caught in the trap so many renters are currently in. If you are ready and willing to buy a home, find out if you are able. Let’s get together to determine if you can qualify for a mortgage now! source: Real Estate News with Keith Kreis 

When To Buy A House?

The Importance of Using a Professional to Sell Your Home

When a homeowner decides to sell their house, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.

In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the percentage of buyers who used the internet in their home search increased to 94%.
If you are thinking of selling your home, don’t underestimate the role a real estate professional can play in the process. READMORE: The Importance of Using a Professional to Sell Your Home

Selling Real Estate Property

Selling Real Estate News

Why Millennials Choose to Buy?

Some Highlights:

• “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.”
• At 93%, the top reason Millennials choose to buy is to have control over their living space.
• Many Millennials who rent a home or apartment prior to buying their own homes dream of the day that they will be able to paint the walls whatever color they'd like, or renovate an outdated part of their living space.

Read More: Real Estate News with Keith Kreis

Home for Sale in Lisle

 

Process of Buying a House

NAPERVILLE NEW CONSTRUCTION

The 'REAL' News about Housing Affordability

Why the concern?

Compared to historic norms, it is still a great time to buy from an affordability standpoint.

readmore: The 'REAL' News about Housing Affordability

List of Homes For Sale

Buying this Spring? Be Prepared for Bidding Wars

Let’s get together to discuss your exact market conditions and help you create a strategy to secure your new home in this competitive atmosphere! source: Real Estate with Keith Kreis

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BuyHome with Keith Kreis

Buyhome This Spring in Bolingbrook

15,014 Homes Sold Yesterday… Did Yours?

There are some homeowners that have been waiting for months to get a price they hoped for when they originally listed their house for sale. The only thing they might want to consider is... If it hasn't sold yet, maybe it's not priced properly.

After all, 15,014 houses sold yesterday, 15,014 will sell today and 15,014 will sell tomorrow.

15,014! source: 15,014 Homes Sold Yesterday… Did Yours?

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Selling Real Estate

Again… You Do Not Need 20% Down to Buy NOW!

A survey by Ipsos found that the American public is still somewhat confused about what is required to qualify for a home mortgage loan in today’s housing market. There are two major misconceptions that we want to address today.

If you are a prospective buyer who is ‘ready’ and ‘willing’ to act now, but are not sure if you are ‘able’ to, let’s sit down to help you understand your true options.  Read Full Content: Again… You Do Not Need 20% Down to Buy NOW!

BUYHOMES IN ILLINOIS

 

Home Prices Up 6.15% Across the Country!

 

Some Highlights:

• The Federal Housing Finance Agency (FHFA) recently released their latest Quarterly Home Price Index report.
• In the report, home prices are compared both regionally and by state.
• Based on the latest numbers, if you plan on relocating to another state, waiting to move may end up costing you more!
• Alaska, Delaware, West Virginia & Wyoming were the only states where home prices are lower than they were last year.

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